Insurance 50/50

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Fri 26 Nov 2004 14:26
Insurance 50/50 - Chris S
What do insurance companies mean by saying that they're going to split a claim 50/50?

Does it mean that each person pays for their own damage, or does it mean that the TOTAL cost is split evenly between both parties?
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Fri 26 Nov 2004 15:24
Insurance 50/50 - Stuartli
Quoted from:

www.online-car-insurance.org.uk/info.html

Comprehensive

The one to go for. Regardless of whose fault it is, it'll pay for accident damage to your own car as well as anyone else involved. Not that much more expensive 'cos most insurance companies would prefer you to pick up this level of cover. Why? Because, then, if blame is impossible to prove, they settle the claim on a 'knock for knock' basis with other insurers. That is, split the cost 50/50. Not always very fair, but saves them time, hassle and paperwork.
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Fri 26 Nov 2004 17:23
Insurance 50/50 - Chris S
Thanks - they're right about it not being very fair. Each driver could be equally to blame but one might be driving a Metro and the other a Ferrari.
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Fri 26 Nov 2004 17:32
Insurance 50/50 - Mark (RLBS)
>>That is, split the cost 50/50.

aaaaaaaaaarrrrrrrrrrgggggggggggggghhhhhhhhhhhh !!!!!!!!! Even the websites are getting it wrong now.

Try searching the Backroom using me as author and "knock for knock".
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Fri 26 Nov 2004 22:22
Insurance 50/50 - blue_haddock
you pay for damage to your car and his insurance company pays for his damage is the long and the short of it
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Sat 27 Nov 2004 08:37
Insurance 50/50 - Mark (RLBS)
And its nothing to do with blame, nothing to do with whether or not blame is proveable and only for certain types of incidents.
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Sat 27 Nov 2004 13:14
Insurance 50/50 - PR {P}
Its also a good way for the insurance companies to get rid of 2 peoples NCD instead of 1!
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