Urgent clarification

[M5m3]

I so suay kena knocked by a lorry. After some discussion, owner agree to let me claim third party against him. he admitted he is at fault. I had a witness.

 

I've already traded in my car for a new but will only collect my new car in a few months time.The repair will take at most a week but the claim wil take some time.

 

My question is : What is going to happen to the claim when I terminate my current insurance for my current car upon collecting my new car ? does insurance follow car or owner ?

 

Thanks

[So_nice]

no idea. think the best is call up ur insurance company to double check.

[Usbobby]

If your accident is serious, then your case sounds bad. Insurance issues aside...

 

The dealer who bought your current car can demand for compensation from you.

 

Reason:

 

When he placed deposit for your car, it was accident-free.

Now, it is accident car.

He could possibly demand for twice the deposit back.

[Mok_]

It has nothing to do with your insurance. Get the workshop to claim direct from the lorry's insurance. Just call your insurance to inform them. The claim will still come back to you after you sell your car.

 

Just make sure you are confident in winning the claim. Verbally admitting fault doesn't mean anything.

[Ivan96935sg]

Yup....best if got 'black & white' agreement

[M5m3]

ok understand now.

 

Thanks

[Apollo]

hmmm... did u sign anything for the car as an overtrade? did the SE inform/ u inform SE abt the state of car ie accident free/ not accidnt free?

 

this may affect ur transaction subsequently.