Car Insurance... a simple question

[Guest BurgessFamily]

Imagine this scenario...

 

You buy a nice new car for lots of $$$$$$, and to protect your investment you take out comprehensive car insurance. It's a lot of money, but you have your dream car and you're safe in the knowledge that you're fully insured.

 

A few weeks later though you are hit by another driver, someone driving an old bomb with no insurance beyond what's on the rego (perfectly legal). There are no injuries in the collision, but both cars are a complete 'right off'. You also find out the other driver is unemployed and doesn't own their own house - they have no other assets beyond the 'bomb'.

 

Hmm... what are the outcomes here? Did you take out comprehensive car insurance to insure against others who don't? Do you have to pay the excess for the inconvenience? Would this legally happen in old blightly?

 

Would this scenario really happen?

[jimmyskinner]

In uk insurance companies would pay you out and you wouldn't lose anything , this was being advertised by Direct Line just before we left. Think there are that many uninsured drivers in Uk the companies have all started offering this, don't know about here !

[Guest tinkham_lee]

over here and in England your insurance company would pay you, then they would take the uninsured driver to court to reclaim the money they paid you. you shouldn't loose your no claims or have to pay the excess. Yes, this does happen all the time over here as so many cars don't have insurance, (especially young drivers).