Once your vehicle has been recovered, our claims partner will value the vehicle and you’ll have the option to either keep the vehicle or sign it over to us.
For example:
The valuation is £5,000 pre-incident, and £500 post-incident (because it’s a damaged vehicle).
If you keep the vehicle you’ll get: £5,000, minus £500, minus your excess
If we keep the vehicle you’ll get: £5,000, minus your excess
If the claim is settled as not your fault, you won’t have to pay your excess or we’ll issue a refund if you’ve already paid it.
Once you have received your settlement figure, we allow up to 30 days for you to add a new vehicle to the policy.