Quote:
Originally Posted by NISFAN
For example if you bought a £30k car new, after a year lets say book value was £20k and you wrote it off. If you accepted £18k pay out from your main insurance company, ala WON'T pay you out £12k to get you back to £30k, they only give you the £10k difference you should have got.
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This is interesting - so who actually does the valuation on the car's worth and do they all agree on it? So if insurance company does valuation x, but GAP people reckon it's y, and the finance company reckon it was z - are we essentially stuck between 3 very hard places trying to squeeze through?
You'd hope, given everything is covered - driving insurance, gap insurance, finance - they'd just talk to eachother and figure it all out.