Once your vehicle has been recovered, Carpenters will value the vehicle and you’ll have the option to either keep the vehicle or sign it over to Ticker. For example:
Carpenters’ 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 Ticker keeps 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.