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Diamond car insurance, not happy!

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Comments

  • takman
    takman Posts: 3,876 Forumite
    1,000 Posts Combo Breaker
    They cant use the 1895.88 to buy a new car. That is the cost of the annual motor policy (being paid in instalments) which needs to be deducted off the total loss settlement.

    They already committed to paying the insurance policy for the entire year. So by the end of the policy they would have paid the £1895.88 anyway. So if they use that amount not to buy another car they will be no worse off.
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    your no worse off, you've paid off the insurance policy anyway. The fact your paying monthly is in itself not money saving due to the interest rate charges.


    You could always buy another car and port the insurance over to the new car
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
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