Car insurance claim help.
Mattc
Posts: 2 Newbie
Hi, my car was recently written off, 3rd Party has admitted liability and all is going well that end.
My issue is as the car was on PCP the settlement figure was £22k, the insurance company valued my car at £29k so I have £7k equity in the car.
They are refusing to pay me the anything and have only agreed to settle the finance, even though they valued the car £7k more then settlement figure.
Am I entitled to try and claim this money?
Many thanks Matt.
My issue is as the car was on PCP the settlement figure was £22k, the insurance company valued my car at £29k so I have £7k equity in the car.
They are refusing to pay me the anything and have only agreed to settle the finance, even though they valued the car £7k more then settlement figure.
Am I entitled to try and claim this money?
Many thanks Matt.
0
Comments
-
Of course.
Which insurer agreed the settlement? (IE yours or the third party)
(It may be they paid the £29k direct to the PCP company who will in turn pass on to you the balance after the outstanding debt is settled??)0 -
The 3rd party have settled the 23k with Mercedes finance, and the 3rd party said that’s all they will pay and I’m not entitled to receive the rest as the car was on finance?
They won’t let me have the positive Equity From the car, so basically they’ve saved themselves a few grand.
What can I do?0
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