Insurance FAQ
 

"If I Have 2 Motor Insurance Policies On Two Seperate Vehicles, Do I Have To Let The Other Insurance Company K?

Question by Derek Millar | Posted in Insurance

"If i have 2 motor insurance policies on two seperate vehicles, do i have to let the other insurance company know if i make a claim against one of the policies, and if so will it affect my no claims and premiums of both policies. As i will be asked when renewing if i have made any claims in the last 5 years?''

Answer: It wont hurt to tell them that way you are covering your own back.

If you have your no claims bonus protected you wont loose anything.

Normally you wouldve had to tell them that you use another car and that you have another policy anyways.
 
 

If Some1 Claims On My Motor Insurance Policy And My Compulsory Excess Is 300£ Does That Mean I Have To Pay?

Question by krisgoddard | Posted in Insurance & Registration

if some1 claims on my motor insurance policy and my compulsory excess is 300£ does that mean i have to pay 300£? i had an accident and it was my fault and it would be them claiming on my insurance i think. also im 3rd party fire and theft...
cheers

Answer: Basically YES.

If the accident is your fault then you pay the first 300 of any claim.

If it is not your fault then you would pay the excess initially and when your insurance had recovered their costs you would get that back.


Oldman - you are very wrong.

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What Makes Your Motor Insurance Policy Void?

Question by HEATON2000 | Posted in Insurance & Registration

I have recently had an incident with another vehicle where the driver was using their own family car as a delivery vehicle. I thought that you had to have it specified in your policy terms that you would be using your vehicle for work ? Is this the case or am I wrong?

Answer: People use their own vehicles for work frequently. Although coverage does depend on the type of insurance the person has, it happens regardless of policy type.

The question becomes one of intent: Does the business assume that people will use their cars for work? If so, the business should extend their insurance to cover that car.

Where it gets iffy is when you are carrying something of great value and it gets destroyed in an accident. Was that object insured by the company or by your driver's insurance, etc.

In the case of the person using their family car as a delivery vehicle, if this is a regular occurance that the company depends on, then your

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How Long You Can Be Without Your Own Motor Insurance Policy Before You Loose All Your No Claims Bonuses?

Question by nursesnozzer | Posted in Insurance & Registration

My partner has had to scrap his car and he is now a named driver on mine.....dont know how long it can stay this way without him having to take out his own named policy.

Answer: it was 2 years, but personally l'd check with your partners insurance company

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What Is The Difference Between ‘third Party Only’ And ‘comprehensive’ Motor Insurance Policy?

Question by Dhruv | Posted in Insurance


Answer: Motor Vehicles Act requires every owner of a motor vehicle, to ensure there is an insurance policy in existence that will compensate third parties i.e. pedestrians, and anyone else who has access to a public place, who may suffer injury or property damage as a result of use of motor car in the public place. An insurance policy that covers this liability of motor owner, is called 'Third party only', meaning party other than motor owner and insurance company. A comprehensive motor insurance policy, in addition to covering liability under third party insurance, also covers any damage to motor vehicle itself as a result of accidental external means.

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Monty Python - Motor Insurance sketch

Another Gumby announcement and the Motor Insurance sketch (season 2, episode 17: The Buzz Aldrin Show).

Motor Insurance Is Not Your Enemy « Finance Blog

by Finance

Business insurance can be first priority for leading up the business, but when it becomes quite necessary then reasons are automatically created, why they should buy it. Many a times, business owners prefers to look at the cost rather then the...

Source: Motor Insurance Is Not Your Enemy « Finance Blog

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