What can you claim from MIB?
What can you claim from MIB?
MIB is restricted to paying compensation in circumstances where compulsory motor insurance should have been in place. In summary this means MIB can pay compensation for property damage, death or injury arising from the use of a motor vehicle on a road or a public place in accordance with the Road Traffic Act 1988.
How do insurance companies pay out claims on a car?
If your claim is approved, you’ll receive payment for the amount of the loss as determined by the insurance company. Depending on what the insurance claim entailed, you might receive the payment or the insurance company might send it directly to any vendors involved in the loss, such as a car mechanic.
How long does it take for MIB to pay out?
How long will my MIB claim take to be processed? The MIB will try to have a decision made within three months as to whether compensation will be paid out for injury claims. But a decision about how much compensation you’ll be due for any insurance claims will usually take longer than this.
How long does an Allianz claim take?
For example, if you are covered under one of our standard International Healthcare Plans, (and as long as your claim is submitted with all relevant details, documentation, invoices and receipts within six months after the end of the Insurance Year) we will aim to process your claim within 48 hours.
Can I claim if hit by uninsured driver?
The Uninsured Drivers Agreement enables people who have been hit by an uninsured driver to claim compensation against an uninsured third party driver. If the uninsured driver can’t pay the compensation, the MIB will then settle the entire claim.
What happens if someone hits you and they don t have insurance?
You may still be liable to pay a driver for these losses if you hit them. Drivers must generally file a claim against your insurance company to seek compensation. An insurance agent may handle the claim on your behalf. In some cases, a driver may also file a lawsuit against you in court.
What happens if I’m hit by uninsured driver?
What if the accident was your fault? Even if the other party is uninsured, if the accident is your fault then you’ll be responsible for their repair costs. This should be covered by basic third-party insurance, however, repairs to your car will only be covered under comprehensive insurance.