Excess on 3rd party??

[magpie01]

Hi everybody,

Hope somebody can help me!! My little brother had a crash in his car which was his fault and he is only insured 3rd party. He though that he had an excess of £500 but it is a whopping £900. What happens now? His car is a total write off as is the car he hit. He also still has about 10 months left to pay on his insurance which is £200 per month. Does he have to pay the excess of £900 and also the £200 per month.

Can anybody help??

Thanks,

[Phil_Version_1]

Hi there,

Because he insured Third party only and the accident was his fault, he shouldnt have to pay his excess. Reason being, his insurance company will be paying out the damages for the third party involved, but because it was his fault he wont be able to claim for his own damages and hence wont have an excess to pay.

As the vehicle is written off he can do 1 of two things, either leave the insurance in place until he finds a new vehicle and simply do a change of vehicle. Or cancel the insurance, if he is paying monthly its more than likely done on a finance agreement, so he may well end up owing the insurance company some of the premium.

As you've probably discovered there was probably a 'Voluntary Excess' on his policy (which if he purchased online isnt always made clear when you go on cover).

Let me know if I can be of any further help.

Phil