My car was written off but has been valued at £2000 less than I paid for it - can I claim back the loss?

I was involved in a no fault claim and my car is a write off. The valuation is £2000 less than what the window price was just three weeks ago when I purchased it. Can I claim back the loss?

Asked on 20 February 2018 by David McDonald

Answered by Tim Kelly
You are entitled to be put back into the situation you were in prior to the loss occurring, but also bear in mind you may have paid too much for the vehicle. The argument is "the market value of your car has been verified by being sold for the figure you purchased it for". It depends on how you are claiming as well, via your own insurer, accident management company, or the other party directly. You can dispute the value.
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