Hi all, Feel free to tell me I'm a thick f****r and I've misunderstood a number of discussions on here, on the web generally and what my insurer has told me today but my stationary/ parked up bike was knocked over on Thursday by a reversing car. The damage, as far as I can see, is purely cosmetic as you'd expect and the driver of the car has admitted full responsibility and provided me with their insurance details etc etc. As legally obliged I have informed my insurer of the incident and I will be getting a quote to replace and fit the damaged parts from Hunts in Manchester asap. Naturally I will forward the estimate for the work onto the third party/ insurer for their approval before the replacement parts are fitted by Hunts and paid for by the third party's insurers. Apart from feeling frustrated with the driver of the cars incompetence and the bit of hassle that has ensued following the incident financially I didn't think I would be out of pocket as it clearly was not a fault of my own. However it looks like that the £350 excess on my own policy is not necessarily recoverable from the third party's insurer so I may have a battle on my hands to retrieve this and to add insult to injury my NCD will be lost and as a consequence my future insurance premiums will increase too. That can't be right surely? Appreciate any advice/ experiences please. Thanks in advance.
Usually a short term thing until they get their costs back from the 3rd party as your insurance company will pay for the repair which is where your excess comes in and they then chase up the 3rd party to recover all costs. In clear cut cases like this you can usually get your insurance company to apply discretion and waive any costs to you on the basis that they know they'll get it back off the 3rd party. Re the NCD, this overlapped my renewal once when shunted from behind. My insurers upped my renewal with the outstanding claim, but promised to reimburse the difference when the 3rd party paid up, which they did mid policy and all was good again.
However you'll still have a 'No Blame' accident listing on your record which could still effect future premiums.
