Q Driving home from work in the dark the other day, I misjudged a flood on the road. The tide was much deeper than I expected and my car got stuck in the water. My car was badly damaged and could be a total loss. Will my car insurance cover the cost of replacing my car?
A As long as you have comprehensive insurance, you should be covered for any damage to your car after driving through a flood, according to Insuremycars.ie managing director Jonathan Hehir. However, he said whether you are insured or not depends very much on the attitude of your insurer. Your insurer may not pay out if they think the damage to your car could easily have been avoided, he said, or if they think you didn’t take all reasonable care to protect your car. Some insurers will be tougher on this than others. You mention that your car could be a total loss. Note that in the event of irreparable damage, your insurer will usually only cover the car’s market value. This should be well below the cost of buying a new car. In some cases, e.g. B. If your car is less than a year old and you were the first owner, your insurer may offer to replace your car with a new one of the same model and make. You’re unlikely to be covered for flood damage to your car if you only have liability, fire and theft insurance, or if you only have liability insurance. Although comprehensive auto insurance is more expensive than these options, it’s usually worth the money if you ever need to make a claim, Mr Hehir said.
Q I want to convert my car to an electric model. With my current insurance I have free roadside assistance coverage which I definitely want to keep if I buy an EV. Is this free with insurance as standard or do I have to buy it extra?
A You can find roadside assistance cover for your electric vehicle with all car insurance companies. However, according to Aviva Insurance Ireland’s Billy Shannon, it may not be free by default. Some insurers offer this, some don’t. Mr Shannon recommends checking with each insurer when looking for deals. Electric vehicles are built on a much simpler system than a regular internal combustion engine, with far fewer moving parts and no traditional clutch or gearbox. Therefore, they very rarely break down compared to a regular car. The most common reason for an operation is that the battery is empty and a car breaks down. In that case, your roadside assistance would cover the cost of towing your car to the nearest charging station or to your home charging station, whichever is closest, the Aviva board said.
Q I retired a few years ago and recently while clearing out the attic I came across old records of a pension I had early in my career. I had completely forgotten about the pension as I had left this company a long time ago. I worked for this company for about eight years. My old employer no longer exists and the pension insurance company seems to have changed its name too. Am I still entitled to this pension and how do I go about tracking it down?
A The money in an annuity is held in trust, so the money in your old annuity is still your money and is still there, according to Glenn Gaughran, head of business development at the independent trust company. Since you have worked in the company for eight years, this pension could be worth a lot to you. It could be the difference between a financially tight retirement and a comfortable one. Mr Gaughran said he assumed the old pension was an Irish one. It can be difficult to track down an annuity when the employer behind it is no longer there. It’s best to hire a qualified financial advisor to help you track down your pension, or ask your former colleagues who also worked for the employer. You could also contact the regulator, the Pensions Authority (pensionsauthority.ie), as they keep a register of occupational pension schemes and should therefore help you track down the details of the scheme’s trustees, he said.
The trustees of the old pension insurance have probably already tried to contact you, but this was not possible if you changed the new address and did not communicate your new address.
https://www.independent.ie/business/personal-finance/i-wrote-off-the-car-in-a-flood-so-will-insurance-cover-the-cost-of-that-42049525.html I wrote off the car in a flood, so the insurance will cover the cost of that?