Hello Mike my name is ***** ***** I will help you with this.
Just to be clear you have not made a claim but the third party has against your insurance?
If so, why did you not claim at the same time please?
I did not make a claim because I am still not sure if my insurance premium will go up further if I make a claim. By the way, I am insured under company car policy and not sure if it will affect me personally. But my insurance broker (he is the owner of the company-policyholder) said it would affect me personally if I make a claim
But the other side claimed on your insurance?
I beleive so. We exchanged insurance details and as she never got back to me, I think she made a claim
Ok. Thanks for the background, what is it you want to know?
I want to know if it will make sense for me to make a claim
I am worried that by making a claim I will have my insurance premiums even further
You may be too late if this happened in November 2014. The policy may state you have a limited time to report and claim. so you need to check what the policy says.
It may be you are too late in any event.
Clearly if you do the cost of repairs may be more than the car is worth and beyond economical repair.
On your own insurance you will be asked if you have EVER had any accidents or claims usually within the last 5 years.
Clearly you would have to declare this even if you didnt claim yourself.
As it asks for that
So its a matter for you.
But check the policy and the terms to see what they say
So yo mean that in any case I have my insurance premiums increased already and it makes no difference for me if I calim or not?
Yes because you have been involved in an accident.
The risk is therefore higher
Even if you did not claim
You can have an accident and not claim, but still face higher premiums
I am sorry if this is not the answer you want and certainly not the one I want to give you, but I have a duty to be honest
Can I clarify anything for you about this today please?
That's fine. I just want to confirm that if I am able to make a claim, the by doing so it will not make my insurance premiums even worse than in case if I do not make any claims. Is that correct?
Your premium may increase but not as much as if you had made a claim
Thank you very much Alex!