Surcharges, repurchase and purchase of compensation Białystok Olsztyn, Łomża, Augustów, Bielsk Podlaski, Ełk, Grajewo, Hajnówka, Sokółka, Suwałki, Zambrów. The highest payments to motor compensation without intermediaries
If you have the right to a motor vehicle damage from your own Auto Casco or OC of the perpetrator, you can decide to sell. It is worth it, because there is a good chance that the amount of compensation has been underestimated by the insurer – this is a very common and unfortunately legal procedure. Our company offers a repurchase, paying by bank transfer or in cash, provided that the damage was settled on a so-called cost estimate received from the insurance company. This event, however, could not take place earlier than in the last three years.
Why is it worth choosing to buy compensation?
Since there is a high risk of underestimating the amount of compensation, at the same time there is a chance to win a higher amount. By selling compensation to our company, you will receive a much more advantageous offer without intermediaries!
After concluding the contract, you immediately receive the payment in cash or a transfer to your account! The amount is agreed after we receive the cost estimate.
- You receive money that you may not have even counted on
- Save time. Court proceedings may take up to two or three years
- No risk of losing a case in court
- No court costs (approximately PLN 3,000 on average), which are necessary if the case is brought to court
- Due to the high court costs, it is often not profitable to claim individual compensation. We claim compensation in bulk
- The main thing – saved nerves
- After the decision to sell the compensation, you do not incur any costs
- In the event of a lost court case, the money paid by the Insurance Company and our company remains at your disposal without reimbursement, and our company is the only entity incurring losses.
What does the compensation purchase look like?
Our specialists prepare the contract based on the available documentation – the insurer’s cost estimate and the decision containing information on the transfer of the amount that is included in the cost estimate. This is the so-called assignment of rights to claims – the contract is drawn up in two copies, one for each interested party, the client and our representative. As customers, you choose how you will receive the money owed – in the form of a transfer or in cash, to your hand. The transaction takes place immediately after signing the contract.
What to do if you do not have the required documents?
Lack of the necessary documents is not a problem. All you need to do is contact us and a representative of our company will contact the insurer who is obliged to provide all the data.
You can also do it yourself – just provide the insurance company with the appropriate form that obliges it to provide the documents. However, our specialists will help you at every stage of formalities – if you do not feel up to it, we are at your disposal.
We buy damages up to 3 years back
Find out more in the Reading Room section
Repurchase of third party liability insurance claims. The difference between a collision and an accident is significant. Because during the first one, only our car suffered, and in the accident, apart from the car, we or our passengers will also suffer. This is where you should start when fighting for compensation, i.e. distinguishing what we were dealing with – whether it was an accident or just a collision. This also affects the amount of compensation. In the event of a collision, the insurer will give us money for repairing the car or if there is not much left of the car – its value minus the value of the wreck. In the event of an accident – the payment will be increased by the assessment of our bodily injuries or loss of health. The worse we have suffered, the more money we deserve. So much in theory. In practice, however, everything turns out completely different.
Purchase of compensation OC Białystok – low compensation
All because insurers are not charitable institutions. They take money from us for TPL premiums – they do it very willingly, but pay out – it is obvious – they do it reluctantly. All because there has been a price war on the market for years, which is literally devastating for insurance companies. Their policies must be cheap so that customers, with a gigantic selection of insurers, choose them. On the other hand, the courts award higher and higher accident damages, and the insurers get very hard at the pocket. Therefore, they make up for all those who do not judge them. How? By underestimating the compensation. If we agree to the compensation proposed by the insurer, we can be 100 percent sure that it will be too low. However, the insurer is just calculating – that some people will give up the fight in court, which lasts a very long time and even if the case is won, it will be a lot of time and in the end it will not pay off to wait for the money.
Insurers have their own ways of lowering claims. For example, they claim that some components were destroyed at a time other than the collision. Yet another way is to underestimate the mechanic’s working hours, as well as underestimating the total number of hours they will spend on repairs. It’s the same with auto parts. The insurer checks the prices of cheap replacements instead of the original ones and has a profit here. The difference in price can be up to several thousand zlotys! Depending on what car you are driving and what spare parts (non-original) you can get for it. The insurer may also decide that there is no point in repairing the car. Then he will pay the difference between the market value of the vehicle and the value of the wreckage.
Compensation redemption. Judge or sell the claim?
If we receive a quote from the insurer and it turns out that it is underestimated (in our opinion), then we have two options – one is to file a lawsuit in court and fight for compensation for a long time. The second way is to sell the claim, e.g. our law firm, which specializes in the repurchase of damages. We withdraw money in cash immediately. It should be noted that this is a fully legal procedure, and you gain time that you would waste fighting the insurer in court. The amount to be paid by us is much higher than that proposed by the insurer. The condition is not to reach a settlement with the insurer, and the case cannot be more than 3 years old. OCAC repayment.
Purchase of compensation Białystok. Young drivers
The third party liability policy is obligatory so that every driver who suffered in an accident or collision could get compensation. Because what if the driver does not have insurance? No insurance company will pay us compensation, and the driver who is at fault will receive a heavy fine. However, if he has no money, he will most likely end up in jail. Or he could just work it off. In any case, most drivers have third party liability insurance, because for the lack of it you can get a really high fine during an inspection. For example – if we do not have a driving license and we drive a car, we will get a fine of PLN 1,500. The penalty for the lack of civil liability for more than 14 days is PLN 6,020.
However, if we are without money, Polish law can help us. This is regulated by Art. 94 of the Compulsory Insurance Act, stating that: “in justified cases, taking into account, first of all, the exceptionally difficult material and financial situation of the obligee, as well as his / her life situation, the Insurance Guarantee Fund may redeem the fee in whole or in part or grant a relief in its repayment” . Unfortunately, the law is full of holes, so it is worth just thinking about full insurance packages, then we will always get some money.
Without being black-eyed, let’s assume that we are dealing with a classic situation. We had a collision, the driver had a valid civil liability insurance policy, the claim adjuster arrives, evaluates our damage, we receive a letter from the insurer within 30 days with a proposal to pay the amount. Then you can contact us immediately or negate the proposal yourself – by writing back to the letter that we do not agree to such an amount. Then we have the opportunity to win more compensation or pay you immediately a higher amount than the compensation, and take care of the formalities ourselves.
How the compensation buyback service works – 4 steps
1. Establishing contact with the office and presenting the problem
The first stage of repurchase of claims is to contact the law firm. You can choose both telephone and Internet contact. The problem should be described as precisely as possible. It should be indicated whether the compensation, repair cost estimate or the value of the vehicle has been underestimated. It is very important to provide a number at which the law firm’s employees can contact the client.
2. Sending the required documents
When an employee of the law firm contacts the client, he will ask for all documents related to the liquidation of the claim. Two absolutely necessary are: the repair cost estimate and the decision made by the insurer. They are necessary to thoroughly analyze the case and decide whether the insurance has actually been understated. If so, the client may proceed to the next stage, which is the assignment of receivables.
3. Assignment of receivables
An important stage that must be passed by anyone who wants to use the compensation buyback option is the assignment of receivables. It is about signing a contract under which the right to compensation is transferred to the company purchasing the policy. All important issues related to the assignment are set out in the contract. The customer will find there, among other things, information on the amount of remuneration for the resale of the right to damage.
4. Receipt of money
The last stage, which ends the case related to the repurchase of compensation for the client, is receiving the money. They are always provided in the form agreed in the contract. Most often it is done by means of a cashless transaction – the customer provides the account number to which the funds are then transferred. Fast, safe and without unnecessary problems. After receiving the money, the client can forget about problems with the insurer.
Redemption of underestimated damages. Statistics
Coming back to the premium for the third party liability insurance. Young drivers, who are treated as the greatest evil on the roads, have a particularly bad situation, hence their premiums are the highest. In any case, regardless of the age of the driver, he may be a victim of a collision or an accident. The insurer takes a certain risk and the money comes from his pocket, not from the premium itself, because it would have to be horrendously high. Therefore, it works just like it does in the banking system. A lot of people deposit, and the bank makes money by turning the money on the assumption that everyone will not pay out at once (which would cause the bank to collapse). The same is true when our children do not use our car, or vice versa, we are not registered as co-owners of one car with the young. In such situations, we can count on a low premium, both OC and AC. Many companies set a threshold – 28 years. The insurer believes that the young driver is driving the car more dangerously.
Let’s look at the statistics of the Police Headquarters – in 2014, for every 10 thousand. There were over 17 accidents of 18-24-year-olds. In turn, in the 25-39 age group this number was 10, and in the 40-59 age group – only 7. A lot more for car insurance is usually paid by drivers who are under 25 and those who have a driving license for less than 3 years. Depending on the insurance company, people under 28 may also pay a higher premium.
There is also another issue – with accidents. For decades, companies that focus their activities on insurance have claimed that it is not possible to claim compensation from a family member who was the driver at the time of the collision or accident. The Supreme Court, however, was of a different opinion. It issued a ruling, from which we learn that the degree of kinship is completely irrelevant when we have plans to pursue claims. This also happens if a passenger dies in an accident. His relatives, close and distant, also have the right to claim damages and compensation from the perpetrator’s civil liability insurance, despite the fact that the perpetrator may be a person close to them. Simply put, a passenger is a person in the car who cannot maneuver the vehicle. So a hitchhiker is also such a passenger. If the driver shows a good heart and wants to pick up someone waiting for an opportunity, and an accident occurs, the hitchhiker can get motor compensation.
We should expect a response to all our relevant letters within 30 days. This is what the words say, “The Act on Complaints Handling by Financial Market Entities and on the Financial Ombudsman”. On the other hand, long delays have developed over time, but then the company should inform the driver of the cause. Most often, the lack of any response on time means good news – the legitimacy of our complaint and the obligation to meet the claims.
Compensation under civil liability insurance must be credited to the injured person’s account within 30 days of reporting the damage. In case of doubt, this period may be extended to 90 days, and if the award of compensation is decided by a criminal or civil process, the date of payment depends on the court’s decision. The aggrieved party may choose one of two forms of settlement – cash or non-cash. In the first case, the injured party receives compensation on the bank account. Non-cash settlement consists in indicating the workshop where the car will be repaired. It is with this workshop that the company will settle accounts.
However, if there is only relatively minor damage and there are no obstacles to continue your journey, there is no need to contact immediately after the accident. In such a situation, it is necessary to report the damage online via the form on the website of the perpetrator’s insurer. It is a convenient form of informing about the incident, because we avoid the minutes lost in the queue waiting for connection with the insurer, and at the same time you can fill in the data necessary in the application regarding yourself and the perpetrator. Personal contact is not recommended. Why stand in line.
The main rule that arises directly from the Civil Code is the three-year period for filing a claim (although in the case of personal injury resulting from a crime, this period is extended up to 20 years). If there is a chance, don’t hesitate. It’s best to get things done within a few days. The damage tends to increase over time. So it is better to repair the vehicle before this defect causes a more serious breakdown or, worse, another bump. Before we abandon holiday plans or change our monthly schedule of meetings, the driver should consider whether he really wants to deal with the loss adjustment right away.
In 2016, drivers paid almost PLN 8 billion for insurance. It would seem that this is a colossal sum. In practice, the last time insurance companies recorded profits selling motor insurance in 2006! Then it only got worse. 2015 was a record year in terms of losses. There was a deficit of over PLN 1 billion. Last year was also not very optimistic. In the first half of the year, companies paid additional PLN 600 million to their policies, even though they sold them for around PLN 5 billion, i.e. PLN 1 billion more than in 2015
Since last year, the premium for third party liability has increased by nearly 49 percent. The Polish Insurance Association claims that the main reason for the increase in prices is a significant and lasting for several years the increase in the value of claims and benefits paid to injured persons and their families in accidents. The Polish Financial Supervision Authority.
If you have any questions, please contact us.
How can you get a high third party liability insurance?
Underestimating due damages is a constant practice of insurance companies. Anyone who has participated in a crash or collision must take into account that the insurer will try to pay out the amount lower than the due amount. In such a situation, however, you should not wring your hands – it is enough to contact us and decide on an additional payment to the civil liability insurance.
What is the third party liability premium?
The premium for a third party liability policy is completely different from the repurchase of the damage. It is based on the fact that the company, on behalf of the client, takes up the fight for an additional payment to the underestimated compensation from the insurer. If the case is won in court, he receives a percentage of the amount obtained. It is a fee for the services provided in this area. This process takes slightly longer than the assignment of claims, which takes place in the case of repurchase of damages, but is usually also successful.
Who can get an extra payment to the civil liability insurance?
It is not always possible to receive a subsidy to the civil liability insurance. The condition is, above all, the customer’s disagreement with the amount paid by the insurer. If the insurance companies have our approval of the amount of compensation – in the form of e-mail correspondence, written confirmation or telephone recording – it will not be possible to receive the additional payment. You should also remember about the statute of limitations for this type of case. Therefore, only people with less than three years from the date of the loss occurrence can apply for the subsidy.
Who can receive an additional payment or from whom we can buy the damage?
Lowering claims is a constant practice of insurance companies operating in our country. It turns out that the money paid out is often so low that it cannot cover the damage. Purchase of claims is an option available to people injured not only by the perpetrator of the collision / accident, but also by the insurer. It must be remembered that the basis for the assignment of receivables is primarily the lack of a settlement with the insurance company. The situation when the aggrieved person has accepted the money is also considered as such. Therefore, if there are doubts as to the amount of the benefit, it is wiser to refrain from accepting it. The time elapsed since the event is also important. Due to the statute of limitations, it is only possible to redeem damages that occurred before the expiry of three years. That is why it is so important to contact us as soon as possible. Postponing action in this matter may lead to the inability to purchase the damage.
Frequently asked questions regarding the repurchase of compensation – FAQ
What is the compensation repurchase process?
Is the purchase of compensation legal?
How is compensation after total loss calculated?
How to get a subsidy for compensation?
What to do if the insurer has underestimated the claim?
Is it worth appealing against the insurer’s decision?
What is the compensation payment?
Is it possible to appeal against the total loss assessment?
How does the liquidation of a claim under third party liability of the perpetrator look like?