david watts
New Member
For what it's worth I used to work in the insurance industry.
What Admiral (and other companies) are saying here is that the contract between them and the policyholder is null and void as a result of drink driving. The policyholder/driver is therefore uninsured.
In the event that an uninsured (or untraced) driver causes damage, the Motor Insurer's Bureau steps in to settle the claims. The MIB is funded by a levy on all UK insurers. The MIB randomly selects an insurance company to investigate the incident. Where there is evidence of some connection between an insurance company and the car/driver the MIB instruct that company to investigate as "Insurer concerned".
In this incident Admiral are investigating on behalf of the MIB as insurer concerned. The MIB has the right to pursue the uninsured motorist for any payments made. The first thing any investigating insurer will do is to track the motorist and get him to sign the indemnity form.
Of course most uninsured motorists will not have sufficient fund to re-reimburse and the debt will not be pursued, or if it is the motorist will declare bankruptcy.
Of course any amounts paid out should be checked thoroughly but remember the innocent victims here are the ones being compensated.
What Admiral (and other companies) are saying here is that the contract between them and the policyholder is null and void as a result of drink driving. The policyholder/driver is therefore uninsured.
In the event that an uninsured (or untraced) driver causes damage, the Motor Insurer's Bureau steps in to settle the claims. The MIB is funded by a levy on all UK insurers. The MIB randomly selects an insurance company to investigate the incident. Where there is evidence of some connection between an insurance company and the car/driver the MIB instruct that company to investigate as "Insurer concerned".
In this incident Admiral are investigating on behalf of the MIB as insurer concerned. The MIB has the right to pursue the uninsured motorist for any payments made. The first thing any investigating insurer will do is to track the motorist and get him to sign the indemnity form.
Of course most uninsured motorists will not have sufficient fund to re-reimburse and the debt will not be pursued, or if it is the motorist will declare bankruptcy.
Of course any amounts paid out should be checked thoroughly but remember the innocent victims here are the ones being compensated.