What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
My stepson's car was written off - but he won't be offered enough money to cover the outstanding loan?
My stepson had a fairly low speed accident on a roundabout, where the third-party hit him on the nearside front, while in the wrong lane for his chosen exit. The accident was not his fault and his insurance company wants to write the vehicle off. He has finance on the vehicle and likely as not won't be offered sufficient to cover the outstanding loan. What can he do to prevent being out of pocket? If his garage can repair the car safely and reasonably, is he entitled to choose this as an option?
Asked on 24 October 2018 by Mark Hoare
Answered by
Honest John
Always work from the facts. Establish the market value and establish the cost of repair. If the cost of repair is less than the market value, insist on it being repaired. Do not accept the vehicle being a total loss, no matter what they say. Your contract advises that they indemnify you up to the market value. If the repair cost is more than the market value and if your son owes more than the car is worth, then unfortunately, that is down to him, unless he has GAP insurance. If buying a car on finance, and having more than 50% as finance, it's useful to consider GAP policy.
We give you the low down on how to save on insurance, little-known tricks and tips, what insurance groups mean and how to use insurance aggregators to beat insurers.
Insurance group finder and how to save on insuranceSimilar questions
My friend had a car accident while negotiating a roundabout. The other driver admitted liability. The car has been written off and is financed via the dealership (Toyota). They have been told to carry...
I was involved in a no fault claim and my car is a write off. The valuation is £2000 less than what the window price was just three weeks ago when I purchased it. Can I claim back the loss?
A friend was involved in an accident involving a motorcyclist. When driving slowly in the outside lane, a motorcyclist filtering on the nearside of the car hit the side of his car fell off into the road....
.jpg)
