You may be surprised that people become "hurt" after the even , given days / weeks for them to ponder the possibility of money. Also, have to take into account that genuine issues arising from the accident might not be evident until a few days later, stiff neck, etc..It was amicable amongst all the parties and no one was hurt.
That's one of the reasons why you are required to notify your insurance company of all accidents that could potentially give rise to a claim.
The insurance company will then pay for the repair costs and I will decide whether to reimburse the insurance company or not if it’s more advantageous to have no claim on my record.
But... correct me if I'm wrong; by claiming initially and deciding later whether to pay it back or not doesn't matter because you'll have made a 'claim' and as such you'll lose your no claims bonus.
Likewise but apparently not according to the underwriter
leave your insurer sort it and if the payout is not huge and you want to keep your NCB, reimburse them before next renewal date. As long as claim is closed, they will do that.
but why would you reimburse your insurance company the money for an accident you were in?
if the payout is not huge and you want to keep your NCB, reimburse them
But it will make no difference to OP's situation if s/he changes insurers.
Still can't get an answer as to how much the premium will increase by..
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