i lost my policy excess plus mypolicy price increased over the following years instead of being cheaper who refunds me if my company wins case
2007-11-08 10:29:19 · 5 answers · asked by jules 1 in Cars & Transportation ➔ Insurance & Registration
haha um... no nice try.
yes, you get your excess back but not in a MILLION YEARS will you get the increase back.
The at fault party has no control of the insurance company YOU choose and you cant prove a direct correlation. whine, complain all you want.. aint happenin.
2007-11-08 10:35:31 · answer #1 · answered by Anonymous · 2⤊ 0⤋
If your carrier is going to pursue the other carrier, they should have coded your accident as, "Not At Fault". Usually this means your policy won't increase as it would have for an "at fault" accident. However, this is not guarenteed either. Also keep in mind that some carrier _discount_ policies when no claims are filed. You lose this discount just by filing a claim. Also, are you sure you did no have a normal rate increase do to other reasons? Speak to your agent about this.
In any case, any increase in premiums is not payable by the other party. It's legally not a direct part the loss you sustained from the accident. It's a condition solely between you and your insurance company. That is, even you _having_ insurance has nothing to do with the damage caused by the other person. So certainlly anything your carrier seems fit to do with your rates is not related to the accident.
Yes, it sucks.
2007-11-08 20:49:08 · answer #2 · answered by Todd C 4 · 0⤊ 0⤋
If you win the case your insurance company should amend the premium from the past years after the accident to allow your no claims bonus and send you a refund. If you switched companies then you'll have to tell each one in turn that your bonus has changed and the accident is a non-fault one - this can take time as they have to process the information and send you an amended proof of bonus to give to the next company.
The excess (and any injury etc) is an uninsured loss - you will have to claim that back from the other driver - since their insurer admits the driver was at fault they should re-imburse the excess fairly promptly.
2007-11-08 19:44:47 · answer #3 · answered by welcome news 6 · 0⤊ 0⤋
No one. An increase in your policy premiums are soley the decision of your insurer and NOT the responsibility of the other party or the insurance company.
2007-11-08 20:48:23 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If the insurance company wins more than the amount they paid you for your damage - then they keep the amount they paid out on your claim - anything else goes back to you.
2007-11-08 19:16:03 · answer #5 · answered by Boots 7 · 0⤊ 0⤋