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Can I opt for the cash?
LLUBNRUT
Posts: 6 Forumite
Hi,
Recently had an accident with my caravan and am claiming.
Do I have to have it repaired or can I ask the insurance to send me the cash equivalent of the repair quotes for me to choose what I want to do?
Thankyou
Recently had an accident with my caravan and am claiming.
Do I have to have it repaired or can I ask the insurance to send me the cash equivalent of the repair quotes for me to choose what I want to do?
Thankyou
0
Comments
-
You can have Cash in Lieu, assuming it isnt a total loss.
Often cash settlements are given at their preferred supplier rates and net of VAT and so will be lower than any quote you've received. Often they will give a second settlement for the VAT if you subsequently produce a VAT invoice to show the work was done up to a maximum of the VAT amount that their preferred supplier would have charged0 -
Will they need to see proof its been repaired to continue cover?Censorship Reigns Supreme in Troll City...0
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