No one likes to dwell on the possibility of road accidents, though all car owners should be equipped with sufficient knowledge in the event of an occurrence. Even for smaller incidents like whiplash claims legal advice will often have to be sought, so finding a trusted and professional legal firm is essential.
Many owners of desirable and luxury cars will have invested a substantial amount of their earnings into the purchase, so receiving the right kind of insurance cover is important. Vehicle insurance is a requirement for all cars on the road, and third party insurance is the legal minimum, which covers you in case of an accident causing damage or injury to any other person, vehicle, animal or property.
However, this level of insurance is not enough to cover any other costs like repair to your own vehicle.
Many companies do not offer insurance packages for cars over a certain value, so owners of luxury vehicles are advised to use a specialist insurance firm.
Classic cars are also a specialist area and as such, owners of vintage models often require a specially tailored insurance package. As the cost of premium car insurance can be hefty, you may wish to seek the advice of an insurance broker who will work to find the most cost effective insurance protection as well as offering advice on how to make a claim in the case of an accident.
If you are involved in a road traffic accident you will have to provide your name and address as well as vehicle registration number to your insurance company at the time of the incident. If not, and in more serious incidents, the police must be contacted within 24 hours. Your insurance company will then be able to provide you with further advice and steps you need to take.
If you are involved in an incident with an uninsured driver, you should inform the police immediately. Although this can sometimes complicate the situation, it is still possible to receive compensation in some cases. This will involve contacting the Motor Insurers’ Bureau and you should remember that if you decide to start legal proceedings against an uninsured driver you must give MIB notice in writing within 14 days after those proceedings are issued by the court.
Compensation after any kind of road accident may be possible by seeking the assistance of personal injury solicitors. The amount you can claim will depend on a number of factors: the pain suffered as a result of injuries, how this has affected your day to day life, and any loss of earnings as a result. You may also have incurred extra expenses, like travel or medical costs, which you may be able to claim back.
Owning a luxury car can be a source of great pleasure, though your vehicle’s high worth means that extra steps have to be taken to ensure you receive suitable insurance and legal support in the case of an accident.