Gap but no gap insurance

Fms81

I was involved in a car accident recently and my car is likely to be written off. If this is the case then I will owe more on finance that they will offer me for the car. No, I didn't take out gap insurance as I believed that I could only take this out at the time of purchase. Is there any way I can try to claim some of the difference from the insurers of the party at fault?

spacey2012

They are required to pay the true value of the loss as per market rate.
You will be getting an average based upon similar cars for sale.

Any other loss is insured and a separate matter.

Fms81

Thanks.

When you say any other loss is insured and a separate matter, are you suggesting that it may be possible for me to claim for my financial loss ( I.e. The gap) separately?

InsideInsurance

The fact you had a finance deal on the car is not the responsibility of the third party. You agreed to pay over the odds for the car as you couldnt afford to pay for it in full up front. Any shortfall you have would be covered by GAP insurance if you had it, if you dont you will have to pay it yourself.

Evidently try and argue up the valuation of your vehicle will lesson any gap that exists