Q.If you have an accident what happens to the rest of the year for which you were insured?

[Anonymous]

Q.If you have an accident what happens to the rest of the year for which you were insured?

As above really. You have an accident in the say eigth month of your policy and its a write off. Is it assumed then that you will start a policy a fresh (perhaps with some other insurer)whenever you buy your next car, and that the full years cover you had paid for previously is just taken by the insurers cos they've paid out?

 

[ade]

Re: Q.If you have an accident what happens to the rest of the year for which you were insured?

you carry on paying as normal until your year runs out. if you stopped paying and took out a another policy, you will find the previous company will demand you pay for whole policy. the company who have paid out will just let it run full term, in other words they will insure your next vehicle upto renewal date


Ade

 

[Bill]

Re: Q.If you have an accident what happens to the rest of the year for which you were insured?

Can't you just cancel the policy, pay the cancellation fee and get your owed money back on remaining months supposing you pay annually.

 

[ade]

Re: Q.If you have an accident what happens to the rest of the year for which you were insured?

once a company has paid out, you are responsible for the whole years premium to be paid. insurance companies do not like pro-rata costs, so if you dont cancel by 3rd month,more than likely you will have to pay whole premium!...depending on underwriters

 

[Anonymous]

Re: Q.If you have an accident what happens to the rest of the year for which you were insured?

cheers for the replies guys