What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
My car was written off but has been valued at £2000 less than I paid for it - can I claim back the loss?
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?
Asked on 20 February 2018 by David McDonald
Answered by
Honest John
You are entitled to be put back into the situation you were in prior to the loss occurring, but also bear in mind you may have paid too much for the vehicle. The argument is "the market value of your car has been verified by being sold for the figure you purchased it for". It depends on how you are claiming as well, via your own insurer, accident management company, or the other party directly. You can dispute the value.
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 daughter has fully comp insurance on her car, a 2003 Peugeot 206. Although old, it was in excellent all-round pre-accident condition. She was at fault in a minor shunt and although her car is driveable,...
I was recently involved in an accident whereby the insurance company has written off my car. They have valued my car at £2285 and the repairs at £3400.
If I want to buy the same car with similar mileage...
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...
.jpg)
