What is the Claim Payout Limit on Car Insurance in the UK, generally?

tempus_fugit

I can't see any limit mentioned. It says that there is no requirement for cover above £1m to be given, so effectively the minimum cover for property damage is £1m. Aretnap is right as far as I can see.

maddogb

tempus_fugit wrote: »

I can't see any limit mentioned. It says that there is no requirement for cover above £1m to be given, so effectively the minimum cover for property damage is £1m. Aretnap is right as far as I can see.

think it's all down to perspective, yes it's the minimum cover but it's also the maximum that can be recovered if the insurers stick with minimum (statutory) requirements.

tempus_fugit

maddogb wrote: »

think it's all down to perspective, yes it's the minimum cover but it's also the maximum that can be recovered if the insurers stick with minimum (statutory) requirements.

Not so much perspective as mixing up the terms "limit" and "minimum". Yes, the £1m is a "limit" on those policies are restricted to that cover, but policies can have more than that as their limit. Therefore, the "limit" on third party property claims that a policy can have mustbe at least £1m, ie that is the "minimum" limit. (Bloody hell I'm beginning to sound like Sir Humphrey Appleby. )

alchemist.1

Watch out for a high policy excess (in the thousands on some policies) and some of them even applicable to third party claims.