Fiat Panda 100hp
My girlfriend has just written off her car. She payed £1500 for it and she put that it is worth £1500 on the insurance, its fully comp etc.
She has had the car about 2 weeks if that same with insurance, the insurance costs £1200 and is paying it monthly.
She crashed into a van and it was her fault the van will also be claiming.
I have told her that the insurance company will wont the remaining money that is outstanding for the year and this will come out of what the car is worth so I said she will probaly get around £200 back, but I dont know if I am correct. She also thinks the car is worth than what she paid, she thinks its around 2k. (I dont think it is) and she thinks that when the car gets looked out tomorrow to see how much its worth etc it will come back more than 1.5k and that she will get more back because of this.
I said that is doesnt matter as she said its worth 1.5k on the insurance and cant be more than that.
Its complicated I know, but how does she stand?
Thanks chaps and ladies.
She has had the car about 2 weeks if that same with insurance, the insurance costs £1200 and is paying it monthly.
She crashed into a van and it was her fault the van will also be claiming.
I have told her that the insurance company will wont the remaining money that is outstanding for the year and this will come out of what the car is worth so I said she will probaly get around £200 back, but I dont know if I am correct. She also thinks the car is worth than what she paid, she thinks its around 2k. (I dont think it is) and she thinks that when the car gets looked out tomorrow to see how much its worth etc it will come back more than 1.5k and that she will get more back because of this.
I said that is doesnt matter as she said its worth 1.5k on the insurance and cant be more than that.
Its complicated I know, but how does she stand?
Thanks chaps and ladies.