Hi,
I am looking for a piece of advise on Motor Insurance Policy Renewal
Four weeks ago I was involved in a car Accident and my insurer did perhaps what others insurers would normally do as this is an comprehensive insurance policy.
Yesterday I rang the Claims Dept just to check how far is my claim and they told me that they are still waiting from the garage. I got a call from the salvage garage later in the afternoon that unfortunately my car is a write off.
When I got involved in an accident, I had already finished paying for monthly premium. Two weeks ago I received a letter that my car is due for renewal for a year a head.
My question is that, why should I pay for renewing my policy for the car which is now a write off? They are also saying that if I do not they may cancel my policy and make my contract invalid and even refuse to pay any claim under this policy as well as other rights they may have under the policy. The annual premium has gone up times 2 compared to amounts paid before this accident. They also said in the renewal letter that NCD
has been affected and that now I have been put on NCD Scale of 1 from scale of 5.
Can some help me why should I go ahead and renew for the vehicle which is now a write off? I'm still waiting from Claims Department for a cheque to purchase another vehicle.
I am looking for a piece of advise on Motor Insurance Policy Renewal
Four weeks ago I was involved in a car Accident and my insurer did perhaps what others insurers would normally do as this is an comprehensive insurance policy.
Yesterday I rang the Claims Dept just to check how far is my claim and they told me that they are still waiting from the garage. I got a call from the salvage garage later in the afternoon that unfortunately my car is a write off.
When I got involved in an accident, I had already finished paying for monthly premium. Two weeks ago I received a letter that my car is due for renewal for a year a head.
My question is that, why should I pay for renewing my policy for the car which is now a write off? They are also saying that if I do not they may cancel my policy and make my contract invalid and even refuse to pay any claim under this policy as well as other rights they may have under the policy. The annual premium has gone up times 2 compared to amounts paid before this accident. They also said in the renewal letter that NCD
has been affected and that now I have been put on NCD Scale of 1 from scale of 5.
Can some help me why should I go ahead and renew for the vehicle which is now a write off? I'm still waiting from Claims Department for a cheque to purchase another vehicle.