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Renewing Insurance while Claim Settlement Pending

Charmet

By Charmet,
in General Car Discussion

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Yahgo

Yahgo

sorry 2 hijack yr thread

 

I hv another insurance ? to ask

 

does anyone knows any insurance comp that allow NCB transfer to spouse?

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Mervynwm

Mervynwm

1st Gear

Bro...from my knowledge...

 

Once ur claim settle and policy due for renewal, you can choose to continue or opt for next coy.

 

Need help juz PM me.

 

 

Thanks.

 

Dear all,

Would like to seek your advice on renewing my insurance for my vehicle. I was involved in a rear collision along Adam Road on 6 Mar 2015. Black Mitsubishi Lancer rear-ended me at about 80kmh. More details on that accident here:

Front Cam: http://youtu.be/WlwiJBCN4aw

Back Cam: http://youtu.be/I_EmiGzmBAA

Vehicle is under a year old and I am insured under AIG. Have 0% NCD as this is my first vehicle. I decided to claim my own insurance and get Borneo Motors to file the claims for me and speed the procedure up. I am aware of the options of claiming under 3rd Party etc. But I am not interested in Crocodile workshops as I know their practice of inflating claims. More importantly, my vehicle is still under warranty and BM has stopped bringing the vehicle in (don't wish to void my warranty just for some accident).

My insurance is up for renewal in end May, and I'm sure the case will still be pending then. While it's clear the case is 100% in my favour, I believe there will be insurance loading on me, while the case is pending. I accept that as it's the norm.

So, my question. Once the case is settled and ruled 100% in my favour, what can I do to revise the rate of my insurance? Or do I renew my insurance for a shorter duration (is that even possible), accepting that that's the way the companies work? Happy to also hear that I don't have much choice but to pay more for the duration of insurance coverage, until I am cleared of any responsibility. Truth be told, I thought I was lucky to walk away unscathed after looking at the videos.

 

Any advice appreciated. :)

 

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Chucky2007

Chucky2007

Turbocharged

sorry 2 hijack yr thread

 

I hv another insurance ? to ask

 

does anyone knows any insurance comp that allow NCB transfer to spouse?

I know AIG can. But car must be in your name
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Yahgo

Yahgo

(edited)

I know AIG can. But car must be in your name

 

car currently under wife name

 

but I am the named driver

 

now with ace insurance

 

can I renew with AIG and transfer NCB to my name

Edited by Yahgo
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Yahgo

Yahgo

oops I mean when I buy a new car,

 

I register under my name instead and insure with AIG

 

and still enjoy the NCB which was previously under my wife name

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LYC

LYC

3rd Gear

I also kana rear ended at the traffic light just before CNY. Totally stopped for a few seconds at the junction, then suddenly the black camry decided to kiss my rear. Its not a hard braking stop kind, its just slowly coast to stop at the junction. My car workshops says its 100% clear cut not my fault, but apparently the other party's insurance is denying and fighting the case. Since the accident on 16 Feb till date, no repairs have been carried out as the other party's insurance is not paying up. Any advise on this kind of situation?

post-104237-0-61067900-1426168143_thumb.jpg

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Beng2

Beng2

5th Gear

Sometimes it's not easy to find another insurance coy to insure your car after you have had an accident, regardless of whether the claim has been settled or not. You LL have to go back to the existing coy, and suffer for 3 years (as far as I know, insurance companies like to ask if you have any claim history for the past 3 years).

 

While you are within the 3 year probation period, you better behave well on the road to avoid causing an accident. Otherwise your pocket will bleed.

 

I also kana rear ended at the traffic light just before CNY. Totally stopped for a few seconds at the junction, then suddenly the black camry decided to kiss my rear. Its not a hard braking stop kind, its just slowly coast to stop at the junction. My car workshops says its 100% clear cut not my fault, but apparently the other party's insurance is denying and fighting the case. Since the accident on 16 Feb till date, no repairs have been carried out as the other party's insurance is not paying up. Any advise on this kind of situation?

 

Do you know which company insured the car behind yours? I want to ask them for quotation!

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Beehive3783

Beehive3783

Turbocharged

Your insurer lousy is it?

 

Tell them to refer to BOLA.

 

IF the other party doesn't have video to prove that you play punk, they must pay up.

 

Otherwise refer the matter to GIA.

 

 

I also kana rear ended at the traffic light just before CNY. Totally stopped for a few seconds at the junction, then suddenly the black camry decided to kiss my rear. Its not a hard braking stop kind, its just slowly coast to stop at the junction. My car workshops says its 100% clear cut not my fault, but apparently the other party's insurance is denying and fighting the case. Since the accident on 16 Feb till date, no repairs have been carried out as the other party's insurance is not paying up. Any advise on this kind of situation?

 

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Blueblueman

Blueblueman

4th Gear

I not really sure about the rules now. But in 09, I was involved in a chain collision.

Premium went up and I contacted my insurer. They advised me to pay for the higher premium

Saying that if you won the case > 80/85%

They will adjust your premium and refund you the difference and NCD

 

Which they really refunded in full after 2-3 years of pending case

 

Talk to your insurer ba

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LYC

LYC

3rd Gear

Thank you for all the advises :) Finally managed got the green light to go ahead to get my car fixed! Meantime, my next insurance premium is still way higher then my last renewal premium...

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Yeshe

Yeshe

Turbocharged

 

3.3k previously. now 3k.

 

ok le.

 

but the cheapest i have *personally* seen is 1.8k for a lambo.

 

3k for GTR... wah very good deal [thumbsup]

 

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Charmet

Charmet

3rd Gear
  • Author

Dear Bros,

 

Thanks for the all the advice. Vehicle has finally been fully repaired as there were parts that needed to be brought in from the UK.

Long story short, AIG provided me a more competitive quote. About 2.2k with excess 600 and NCD 10% included. It's about $500 less than my previous years insurance, and I'm likely to go with them. (Other insurers quoted me much more when I went bargain hunting for some sort of undercutting.) All this, before even claiming from the Third Party, and doing a self-claim first.

I'm told that my front and rear-end camera footage helps. Apparently everytime we do a self-claim or have a claim made against us, insurers can check a database. In my case, AIG and other insurers are able to see my accident report and video footage, and then determine with their underwriters whether I am at or not at fault, even before the case has been settled.

 

On a final note, I thought I would also encourage all drivers to install front and backend cameras. Get a good one whose footage doesn't fizzle out upon heavy impact. The $500 to $600 spent is a great insurance against repair costs that can be worth a lot more.

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