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| I have never seen such a clause in a Swiss insurance contract. Have I missed something  | |
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Unlikely.
Sean Connery is probably referring to the legal requirement that the insured has to inform the insurance about changes of the facts that, basically, were part of the questionnaire when the contract was concluded.
Of course a simple bump isn't relevant for the questionnaire. I'd say, as a minimal condition, only stuff where police was involved has the potential to be relevant.
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| Before I approach the insurer can anyone provide guidance whether a claim on the accidental damage will likely affect the renewal cost which is for 3rd party only. And how would it likely affect a future fully comprehensive insurance (e.g. another car) for which I would currently expect 70% no claim bonus.
Of course I can ask them directly, but then the issue is already on record and I can't influence the outcome. | |
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When you inform the insurance about a claim, your decision to have them pay isn't final. Once the consequences are clear, including the cost and the consequence for your premium/bonus, you can still decide to pay by yourself; doing so wipes the incident off their memory, so to say.
But as FMF mentioned above, the cost charged to the insurance is usually significantly higher than what a private person would be billed for.
I'm not entirely sure about how to approach this, as the one time I used this option I announced my potential intent when I informed the insurance about the (potential) claim. But I would expect that you have 30 days after receiving their letter that informs you about the effect on the bonus if they pay. A quick phonecall to any insurance hotline should clarify the details for those who may be interested.
The cost/premium increase caused by the bonus reduction lasts until you manage to come close to maximum bonus. Unless you start at maximum bonus (lowest premium percentage to be paid) the additional premium amounts to significantly more than, say, 30+20+10% until your bonus is back at where it was before the accident.