Insurance

motor insurers bureau ?

for those who dontknow know about the M I B , it is an insuerance /governement ?? , funded - organisatin , deployed in several ways..... for example if you are third party fire and t , and you are hit in the REAR , and the Driver liable for the accident , is not insured , then the MOTOR INSURANCE , can, compensate you for damages , with all the correct detaila passed on to them - meaning MOTOR INSURERS B., - (however if they value you "damaged car @ £400 ~( there is a £300 excess so wellyou can work out what "beyond econimical repair " payout you would recieve !! ) - well has anyone has satisfactory dealings , with the M I B ?

LAW_DROP-OUT Mon 21/04/08 15:56

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Ethel
Mon 21/04/08
16:54

The MIB is funded by each and everyone of us who pay for motor insurance - £30 of every policy is to compensate people hit by uninsured drivers.

The compensation is capped - so the victim will not get anything like the amount for personal injury that they would if the driver was injured.

It will NOT pay for damage to your own car if you are insured fully comp and will not pay out at all if the vehicle causing the damage cannot be identified.

It makes me so angry that some people defend uninsured drivers, stating they are covered by MIB. The payout is peanuts compared to the same circumstances by an insured driver, and MIB increases my insurance premium each year by £30.

Having said all that, MIB is on the whole excellent at what they do, curtailed as they are. They are professional and efficient.

LAW_DROP-OUT
Mon 21/04/08
19:34

Question Author

i agree in what you are saying tat people make the interpretation " uninsured drivers are COVERED by MIB "..... "not covered is the effective word " !!! ----- the fund seeks to compensate mororists who are "hit " by uninsured drivers ** (provided they are identifieid ) other comments maid by Ethel are alo correct and appreciated...

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