What the insurance will do if the two parties of the car accident all have policy with the same insurer?
Nov 01, 2007 by confuser | Posted in Insurance & Registration
I had a car misfortune and I believe it was third party's fault. However, the third party and I have policy from the same insurance company. The legal insurance is same as well. What should I do to make sure that the insurance would act without interest clash? If I use different legal firm, will it be better?
You have one more favourably in that the insurance company will have both people's versions of the incident and be able to better apportion liability quickly. They should notify you of the conflict of interest under FSA rules. The fact that you are insured with the same insurer does not affect your rights under contract (they must restore your car if you have comprehensive cover) nor does it affect the other driver's rights under contract (the insurance company must pay damages you rights against him - under the liability section, if they think he is at fault).
Hopefully the insurance company will quickly decide on who is at fault and pay you your uninsured losses (superfluous, loss of earnings, injury etc). If not then you will have to look at the legal expenses insurance policy and see if there is an exclusion against them pursuing a insist on against the insurer. If there is then you would probably have to raise a complaint in that they are not treating you fairly because of the conflict of interest.
It will certainly be cheaper and easier if you judiciary expenses insurance company pursues a claim on your behalf - the only problem you will have is if the other driver disputes liability - and instructs his rightful expenses policy to claim against you. In that case they will have to withdraw due to a conflict of interest.
The insurance company may offer a split-accountability settlement. You can challenge this if you wish, in order to preserve your no claims bonus - but this will delay payment of uninsured losses until the maintain is settled. In this case I would assume the other driver would be pursuing a claim as well and so you both will need to take legal advice elsewhere.
welcome news | Nov 02, 2007
Pay up.
jadore7 | Nov 01, 2007
Can I get home contents insurance if my landlady works from home?
Apr 14, 2009 by afosa_ragazza | Posted in Insurance
My manager teaches piano from home as a full time job, would I be able to get contents insurance? I went to an online insurance site and it said I would have to call them if I equity my home with renters/lodgers (which I do) and also it assumes that 'You do not use your home for any business purposes or for the storage of business goods'. What insurance would I impecuniousness or would it be my landlady's responsibility to get cover? Could I be included in her insurance?
The concept of haleness insurance was proposed in 1694 by Hugh the Elder Chamberlen from the Peter Chamberlen family. In the late 19th century, "addition insurance" began to be available, which operated much like modern disability insurance.This payment model continued until the start of the 20th century in some jurisdictions (like California), where all laws regulating well-being insurance actually referred to disability insurance.
| Apr 17, 2009
