Company vehicle ins

[shuggler]

Hi there can anyone help with this please, If you are involved in a hit and run incident and the other driver just drive's on, and your company asks you to fill in a claims/accident form to submit to their insurance company for the damage, does this mean that it will have an effect on your own car insurance, even though it was the fault of the hit and run driver??

[Ganymede]

I would say no.

[unclebulgaria67]

I would say no.

 

Yes I agree that you would not have to disclose this in relation to your private Car Insurance. If you caused an accident in a company vehicle that would be different.

[shuggler]

Ok folks thanks for your replies just wanted to clear that up before I fill in the form, never had to deal with anything like this before. I had called the police but as no one was injured and no reg for the other vehicle they would not attend, apart from the vehicle I was in which is now minus a side mirror and window, thanks to the speed this idiot was doing, could be the vehicle he was driving was stolen.

[dacouc]

Were you driving your company car at the time?

 

If so you were involved in an accident and WOULD need to declare it to your own car Insurers

[shuggler]

Difference of opinion here so who is right?? any experts on this subject, Yes I was driving and pulled over and stopped once I realized he was not going to slow down or stop. I then contacted the police, so if you are right dacouc this clown has got off scot free and I'am now looking at an increase in my Insurance because of his actions. Any thoughts on this welcome thanks.

[postggj]

I would only declare it to my own insurance company when you renew or take out another insurance policy.

 

I believe there is a statement which includes have you been involved in any accident during the last 3 years

 

All insurance companies subscribe to an accident database so they will know, but i don't think there is any legal obligation to tell them until you change or amend your own insurance policy

[honeybee13]

Difference of opinion here so who is right?? any experts on this subject, Yes I was driving and pulled over and stopped once I realized he was not going to slow down or stop. I then contacted the police, so if you are right dacouc this clown has got off scot free and I'am now looking at an increase in my Insurance because of his actions. Any thoughts on this welcome thanks.

 

It's difficult to say, I'm sorry. I could be wrong, but my understanding is that UB and dacouc both deal with insurance.

 

HB

[dacouc]

Ok folks thanks for your replies just wanted to clear that up before I fill in the form, never had to deal with anything like this before. I had called the police but as no one was injured and no reg for the other vehicle they would not attend, apart from the vehicle I was in which is now minus a side mirror and window, thanks to the speed this idiot was doing, could be the vehicle he was driving was stolen.

 

Clearly if you were driving the car at the time of the collision then you were involved in an accident, as the other party did not stop your company Insurers cannot recover their outlay so you will need to declare it as a "fault accident"

 

The above is assuming the question presented to you is along the lines of "Have you been involved in an accident".

 

The two posters who advised you not to declare it appear to have assumed you were not in the car at the time, if you follow their advice and your company Insurer subscribes to the Claims database (CUE) and / or you happen to insure with the same Insurer as your company or one of their sister companies there's a very good chance you could end up with problems if it's discovered.

[unclebulgaria67]

Depends on whether the company car is specifically registered to you with records in your name. If this is the case, then technically yes you should declare, that a company car you were driving had a accident and claim, but you will then have this recorded and be subject to increased premiums. Not very fair, given the circumstances. I would check how the company car is registered in regard to the Insurance on it and then decide what you want to do in regard to mentioning this accident claim to your private car insurers.

[dacouc]

Depends on whether the company car is specifically registered to you with records in your name. If this is the case, then technically yes you should declare, that a company car you were driving had a accident and claim, but you will then have this recorded and be subject to increased premiums. Not very fair, given the circumstances. I would check how the company car is registered in regard to the Insurance on it and then decide what you want to do in regard to mentioning this accident claim to your private car insurers.

 

Whether the company car is registered in the OP's name or the company name makes little difference.

 

What makes a difference is whether the claim will be recorded on the claims database

 

When taking details of the accident (Assuming the company are claiming off their insurance rather than paying for it themselves) they will ask the name of the driver at the time, assuming they subscribe to CUE which most fleet Insurers do then they will generally register the claim against the drivers name. If they do this then any other Insurer checking the database will discover the accident.

 

If the accident had been in the OP's own car then you would obviously advise him to declare the accident, saying it's not fair given the circumstances is odd as a hit and run accident is recorded as a fault claim due to the non recovery

[unclebulgaria67]

As far as I know CUE does not record company car claims against the employee of a company. Have not read or seen any evidence to the contrary.

[shuggler]

Thank you very much for your comments, the place I work all vehicles are leased, and as far as I know they are not registered to any one employee, if you need a certain type of vehicle for whatever job you have for that week etc, if its offroad then you take a 4/4, or if you need a large or small van then you take what you need. Just seems ridiculous that someone can cause damage like this and get off with it, then the innocent party has to pay.