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How are car insurance write-off pay-outs calculated?
My car was written-off a few weeks ago. The other person has admitted liability and their insurer has agreed to payout. Can you tell me how they will calculate the pay-out price?
Asked on 24 September 2020 by Ian Major
Answered by
Honest John
You are entitled to the market value of your vehicle at the point of loss. This should be a "retail" figure adjusted for specification, options, mileage, service history and condition.
Tags:
insurance claims
insurance
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