Back stabber

Someone ran in to the back of my 11 year old Toyota Corolla, and put it ‘beyond economical repair’. I’ve had the car from new in 1998. The insurance company want to offer me book value, but my argument is that as I’m being forced in effect to trade it in, it’s worth £2,000. Any thoughts or suggestions about this please?

Asked on 19 September 2009 by

Answered by Honest John
As long as your insurer does not write the car off and as long as it
remains MoT’d, taxed AND insured, you can trade it in under scrappage. If they write it off and give you a pittance you cannot use the argument you could have traded it in unless you had already done the scrappage deal. Maybe the Financial Ombudsman will make a decision on this to make the situation crystal clear and set a precedent.

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