Hi, i was in a at fault accident today. The damage on the other car ( a fairly new mazda suv) is very minor ( crack on rear bumper trim piece ). The person driving the other car said they were going to make an insurance claim. The question is that should i make a claim as well or wait for the other guys insurance company to send me a letter. The problem is that my excess would be around 1400 dollars. Shoud i wait in case the bill is less than 1400 and just pay that or should i just make a claim and forget about it?
Wait to Make Insurance Claim
oz-romeo on 19/05/2024 - 13:46
Comments
Don't forget the hire car. Its going to be more than $1400 easy.
'Don't forget the hire car. Its going to be more than $1400 easy.'
Way more. Resolve it as quick as you can, for the least amount you can; i.e., pay the excess and wash your hands of it. Do that now, before 'further problems' come to light. Sometimes when making a repair, the joint identifies 'additional problems' associated with the accident/damage; and you guessed it, you will be hit up for those, unless you rapidly played your 'insurance card' early in the piece.
The problem is that my excess would be around 1400 dollars. Shoud i wait in case the bill is less than 1400 and just pay that or should i just make a claim and forget about it?
Is there damage to your car needing repairs? As that would be covered as part of your $1400 excess also.
If there isn't, then maybe wait and see what the quote comes back at if you don't want a at fault claim on your record.
Is there damage to your car needing repairs?
It's a 2008 Honda with a loose manual shifter so probably not worth it.
It's a 2008 Honda with a loose manual shifter so probably not worth it.
Things that hadn't been in the post and I couldn't be bothered stalking them to find out.
But as I said, if you're going to be making a claim anyhow, you might as well get yours fixed up as well if its badly damaged. A claim is a claim in the eyes of insurance, regardless of the costs.
🕵️
That makes Watsense. Cheers
i would still pay the bill even if its like 2.4k. as mentioned already. youre premium will go up as well.
Also did you have damage to your car? or do you only have tpp?
A few years ago , my mum was able to report an incident with her insurer as a claim , and then later 'withdraw' the claim because it was cheaper to not go through insurance.
I would wait for their insurance company to get in touch with you first then make a decision to make your own claim or not.
The advantage of making an insurance claim is peace of mind. Your maximum liability is your excess. What if you pay for their damage then later they send you a bill for car hire? What if they try to claim an excessive amount for the repairs?
Check your insurance rating. If you are rating 1, often you are allowed one claim per year without lowering your rating.
Also, technically you are supposed to notify your insurance company you have had an accident even if you don't make a claim. It is theoretically possible you could be in a situation where in future you try to make a different claim are are denied because you didn't tell them about this accident. Maybe the other party uses the same insurance company as you so your insurance company would know about it.
was in a at fault accident today
Congratulations 🎉
How long did you wait before posting here?
Hi guys, thanks heaps for the replies. I think best would be to wait for the other guys insurance and then make a claim. My car is on third party inside and has taken a bit of a hit but nothing too major. Also, for those worried about the loose shifter, i fixed that too 😅
Be aware that there are often timeframes of notification to your insurance company required; failure to do so can result in claims being refused
What is 3rd party inside mean? If you’re on TTP, it won’t cover you for your damages. And 3rd party (green slip NSW) is another conversation.
OP is in Melbourne, So people are covered by TAC. So 3rd party means property,
inside = insurance
autocorrect lol
So people are covered by TAC.
Not for property damage
yes, that is what I meant
Are there any clauses in the PDS that requires you to notify the insurer of a claimable event as soon as practicable or similar? I remember seeing a clause similar in one PDS but can't remember if car or another insurance type.
You wouldn't want them to deny a claim if you end up needing one because you notified them weeks later.
It is very unlikely to be less than 1.4k.
About 3 years ago I got rear ended in very slow traffic. There was only a hairline crack on the bumper (didn't even notice it at the time - even thought of not submitting the claim).
But the total repair bill ended up being about 5000. They had replaced the bumper + tow bar with genuine parts and it probably included the cost of the rental car as well.
Luckily I remembered to take a photo of the other guy's licence. Otherwise I'd have been in a world of pain.
No way any insurance claim involving any car in Australia is going to be < $2k these days.
Based on a recent insurance quote for a bumper you arent going to get away with much less than $1400 to remove, supply, paint and fit a new one.
However, having an at fault claim on your insurance may increase you premiums so theres that to consider on top of your excess.