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Effect of claim on premium

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  • 20-12-2016 7:14pm
    #1
    roosky
    Registered Users Posts: 1,001 ✭✭✭


    Hi all,

    I had a small crash in 2010 on as a names driver on my farther's policy,

    The claim only went through this week as the claim was a suspected fraudulent claim and was settled on steps of the court.

    The letter we received saying total costs to fbd was 42 thousand and that this will affect the renewal premium.

    This letter was addressed to my father with no reference to me being the driver, will both of our premiums go up as I have my own policy now or is it just his,

    I would be happy to take the brunt of it but not happy for both of us to be penalized

    Does anyone know much about this situation?


    TIA


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    #2
    Liam McPoyle
    Closed Accounts Posts: 14,846 ✭✭✭✭Liam McPoyle


    As it was on your dads policy, only his policy will be impacted.

    The only way it could be done through your own policy would be if you had a policy at the time of the accident and it went through your driving of other cars extension.

    Did you have a live policy in your own name at the time of the accident?


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    #3
    roosky
    Registered Users Posts: 1,001 ✭✭✭roosky


    Rod Munch wrote: »
    As it was on your dads policy, only his policy will be impacted.

    The only way it could be done through your own policy would be if you had a policy at the time of the accident and it went through your driving of other cars extension.

    Did you have a live policy in your own name at the time of the accident?

    No I didnt have any other policy at the time,

    But let say last year when I had the claim pending other companies would not quote me?

    So If an insurance company ask me have I any previous claims can I say no ?


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    #4
    Liam McPoyle
    Closed Accounts Posts: 14,846 ✭✭✭✭Liam McPoyle


    roosky wrote: »
    No I didnt have any other policy at the time,

    But let say last year when I had the claim pending other companies would not quote me?

    So If an insurance company ask me have I any previous claims can I say no ?

    The claim was more than 5 years ago.

    If you are asked have you had any claims in the last 5 years you can answer no.

    It is the incident date that insurers want to know about, not the date the claim was settled.


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    #5
    roosky
    Registered Users Posts: 1,001 ✭✭✭roosky


    Thanks a lot for info,

    So realistically neither he nor I have had a claim in last 5 years, they way FBD were talking it was to do with when the case was setteled


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    #6
    Stheno
    Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,688 Mod ✭✭✭✭Stheno


    roosky wrote: »
    Thanks a lot for info,

    So realistically neither he nor I have had a claim in last 5 years, they way FBD were talking it was to do with when the case was setteled

    If fbd are the insurer who settled the claim they will have a record of it and it will probably affect renewal quotes from them


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    #7
    roosky
    Registered Users Posts: 1,001 ✭✭✭roosky


    Stheno wrote: »
    If fbd are the insurer who settled the claim they will have a record of it and it will probably affect renewal quotes from them

    True so if I am going to aviva for example I am within my rights to say I have no claim in the last 5 years?


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    #8
    Stheno
    Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,688 Mod ✭✭✭✭Stheno


    roosky wrote: »
    True so if I am going to aviva for example I am within my rights to say I have no claim in the last 5 years?

    If they specify five years yes. If they ask have you ever had a claim then youd have to declare it


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