Accident Just Now

[Blu_g]

Hai... V suay! Got into an accident just now.

Ram into another person butt at AYE..

Dont know how much my insurance premium will increase??

Definitely going to burn a hole in my pocket!!

Anyone know how much excess will I have to pay??

[Tunge]

it really depends on ur insurance policy yah... usually about $500 i think....

 

rem to report accident within 24hrs, required by law.

[Tarzan666]

got to check ur insurance policy lor...

dun 4get to inform ur insurance coy within 24hours k.

[Bufan]

Hello. It will depend on the extent of damage.

Usually excess of $3000

[Gary84]

bro...sory to hear abt the accident.

Btw which insurance coy are u under?

Excess wise it can be a basic 500 or even 1000....

There are also additional clauses set by your insurer i.e. Named/Unnamed driver, Young/Inexperienced Driver etc...

For young/inexperienced, if you are under the age of 26 or your driving license less than 2yrs, then you are liable for tat extra excess...That can be up to $3500, i kid you not.

And do remember you have to fulfil the 2 criterias in order to 'siam' that.

 

Hope that helps...

[Gary84]

for his case, it happened on friday night/Saturday early morning, he can have up till the following monday to report the accident.

[Blackyv]

usually excess of $3000?????....

pls share what car u drive and which insurer....

[Bufan]

I meant when involved in a rear ended accident and being at fault. Subsequent excess will be raised to 3k or more.

[Mzrmazda3]

Sis, check your insurance policy

 

It should have stated out the excess amount but there are other clauses to take note of like what Bro Gary84 has mentioned

 

If you have say 50% NCD, expect it to be reduced to 20%-30% in your next re-newal but you have opt for the NCD Protector then it would still remains at 50% but of course, the premium would be higher

Edited November 15, 2008 by Mzrmazda3

[Shull]

bro, check with you ah..

 

i was involved in a minor accident 1 mth ago..i kissed this lorry backside..when we came down to investigate, he got no visible damage but mine is quite bad..

 

the driver told me his lorry going to scrap in 6 mths time..so no point claiming insurance..end up, we exchange particulars, took some photos and go our own ways..

 

since law require us to report insurance, i reported the next day..

 

so will my NCD or premium be affected even if the driver did not claim against me?

[Iziz]

3k only if u hit certain criteria (AIG):

 

1) Young/inexperienced (2.5k more)

2) Elderly (2k more)

 

But if u r the policy holder, these shld have been factored in ardi, so usually it shld be in e 500/1000 region.

[Turbonetics]

Hai... V suay! Got into an accident just now.

Ram into another person butt at AYE..

Dont know how much my insurance premium will increase??

Definitely going to burn a hole in my pocket!!

Anyone know how much excess will I have to pay??

 

funny question.

how do we know when we don't have your insurance premium?

it differs accordingly.

[Iziz]

Shld not be.

[Turbonetics]

alamak,you should write a simple black and white stating that the accident had been resolved privately without any 3rd party and both of you to sign.

but if he did not report to claim,you should be safe.

[Shull]

new law states that must report within 24hrs leh..

[Thermodynamics]

If no claim made, your premium should not be affected.

[Shull]

but some says the insurance coy may temporary reduce NCD pending any claims..how true is that?

[Thug]

should write a simple black and white stating that the accident had been resolved privately without any 3rd party and both of you to sign.

 

Yess...this part is very important.

If wan to settle outside the insurance, an agreement is a must.

 

My bro-in-law just got his license and 2 months later he got into his 1st accident.

BIL turning left in the filter lane, lorry kissed his backside when my BIL stop at the give way line.

They agree settle outside. Upon seeing the bill lorry driver report say my BIL reverse in the filter left lane and bang into him. Now still court case.