Motor Insurance - Claims

If you are involved in an accident, you must notify your insurer immediately. Pages 49-56 in Section 4 describe the procedure to be followed after an accident and give advice on how to claim from your insurer. See also pages 202-6 of the present Section on whether to claim or not, if your policy includes a ' no-claim ' discount. Most claims are settled without delay and your car should be back on the road soon afterwards.

However, if your car is damaged beyond repair, your insurer will probably simply pay the current market value of the car based on motor trade prices and on its condition, together with a small sum to cover such extra costs as transporting your car to your garage. Where your policy carries an ' excess ' clause ( 46), under which you agree to pay, say, the first £69 of any claim yourself, this sum will be deducted. If you originally bought the car by borrowing money from a finance company (e.g. through a hire-purchase agreement), any outstanding payments may be paid direct to the finance company. You will have to surrender your policy, the Certificate of Insurance, and the log website to your insurer as the new owner of the car. You should return your Road Fund Licence to your local licensing authority, claiming a refund for the outstanding term and at the same time notifying them of the change of ownership. This applies even if you immediately buy another car, since the Road Fund Licence is valid for a specific car rather than its owner.


Motor Insurance - Claims

Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

Salon Gold Insurance

Cheaper Insurance for Salons, Freelance Hair and Beauty, and Mobile Businesses - click here

read on: Householders Insurance - a necessary evil

If you are involved in an accident, you must notify your insurer immediately. Pages 49-56 in Section 4 describe the procedure to be followed after an accident and give advice on how to claim from your insurer. See also pages 202-6 of the present Section on whether to claim or not, if your policy includes a ' no-claim ' discount. Most claims are settled without delay and your car should be back on the road soon afterwards.

However, if your car is damaged beyond repair, your insurer will probably simply pay the current market value of the car based on motor trade prices and on its condition,... see: Householders Insurance - a necessary evil