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provide replacement vehicles to non-faulty person. On the other hand, courtesy car services can be taken in any situation. If somebody have problem with his/her car, in that situation person can take courtesy car services. Usually, these services charged on daily basis. These services are common practices in United
Kingdom, United States of America, etc.
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Credit repair describes the process whereby the innocent party's car is inspected and repaired at a garage of their choice, or within a network of approved repairers, at no cost to them. The company chosen to handle the claim pays the repair costs and recover these and other incurred losses directly
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Credit hire is a specific term many people may be unaware of, despite it being an ordinary process in the insurance world. Following a road traffic accident, someone needs a replacement/credit hire vehicle while own car is unroadworthy and/or being repaired. Credit hire operators were established in
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As part of an accident management service, in the situation where the case appears in court, lawyers work the case from both ends and ensure payments for the settlement or claim are handled properly. Lawyers may also need to appear in court if changes are requested to the settlement. In determining
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Many accident management companies deal only with non-fault motorists but recently the industry has started to see the emergence of fresh customer-friendly firms which assist all drivers, regardless of fault, and help independent body shops to access more direct repair work. Today there are over 34
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Courtesy cars are like credit hire, but the difference is that credit hire services can be taken when someone gets into accident and vehicle become un-roadworthy. In that situation companies like CMC (claims management companies) or AMC (accident management companies) provide their services. They
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or other damages or mishaps that happen to a vehicle while on or off road. It is a cost-effective intermediary service which assists drivers in getting back on the road quickly and in managing the claims process alone. Whilst it is significantly more cost-effective for the innocent motorist, the
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The Credit Hire
Industry has an independent trade body called The Credit Hire Organisation (CHO). This trade body works with Credit Hire Organisations to represent the interests of non-fault drivers, of the credit hire organisations and of the industry as a whole.
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the 1980s to give innocent drivers replacement vehicles on credit after an accident. These companies can arrange the repair, provide replacement vehicles and recover the cost of the hire and other uninsured losses from the person at-faults' insurer.
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In the years that followed there were legal challenges by insurers on issues including costs, validity of claims and adherence to existing law. Now the rates insurers are willing to pay are set out in the
General Terms of Agreement issued by the
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The accident management industry came about in the 1980s to address the problem of innocent motorists having to pay upfront for a replacement car after a collision, and wait weeks or even months to be reimbursed by the at-fault party’s insurer.
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In 2008 the UK insurance industry paid out £18.4 million per day in private motor car claims, and more than one in six private drivers make a motoring claim each year, according to figures from the
Association of British Insurers.
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Examples of uninsured losses may include hire vehicle or alternative transport costs, vehicle recovery and storage fees, lost earnings, private medical treatment, policy excesses, phone calls and damage to personal belongings.
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The process is designed to help get motorists back in their own vehicles swiftly after a collision, using a repairer of their choice. The innocent driver is not usually required to pay any fees, or their insurance excess.
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as a “major societal phenomenon”, with their research showing nearly half a million people make a whiplash claim every year, leading to nearly £2 billion a year in
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Insurance companies arrange accident repairs to keep their costs down, but vehicle owners have the right to choose where they have their vehicle repaired.
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Many insurers have networks of “approved” repairers and will try to coerce motorists into using their network, but motorists are not obliged to do this.
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operators, who need to keep downtime to a minimum. An outsourced accident management service can save managers time and administration costs.
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claims based on ‘staged’ accidents represent 5% of whiplash claims, costing the insurance industry between £75-£110 million per year.
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policy. It assists motorists and businesses in non-fault collisions to recoup the out-of-pocket costs not covered by their insurance.
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In May 2010 the
Accident Management Association (AMA) and National Association of Credit Hire Operators (NACHO) merged to form
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Accident management companies obtain their work from a range of sources, including motorists, breakdown companies,
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UK credit repair turnover in 2008 was estimated at £300 million according to the
Accident Management Association.
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The service quickly proved popular with non-fault drivers, who were not getting this service from their insurer.
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Uninsured loss recovery (ULR) is a form of insurance which drivers may consider taking out in addition to their
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The reputation of the accident management industry has been damaged in recent years by the competitive
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service costs significantly more as a result - a cost borne by the insurer of the 'at-fault' driver.
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UK credit hire turnover in 2008 was estimated at £600-£650 million, with a further £300 million in
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all agree the choice is the consumer's and there are very few exceptions to this rule.
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The
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tactics adopted by some firms to capture motorists’ personal injury claims.
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million vehicles on
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The term encompasses a whole host of services; which may include 24-hour
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412:Tackling Whiplash, Prevention, Care, Compensation
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368:"AFTER THE CRASH - THE MENTAL BATTLE"
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181:Credit hire
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372:rms.gov.au
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299:References
271:fraudulent
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52:talk page
425:Category
395:Archived
340:Archived
291:and the
260:whiplash
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91:motorist
46:You may
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379:2015
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