ChatterBank2 mins ago
Motorcycle write off but still on higher purchase
7 Answers
HELP!!!
Ive recently had a motorcycle accident and i have just been told by the garage that its going to be written off, the thing is I bought it in late 08 on higher purchase and still have roughly £2200 left to pay.
Will the insurers pay off the outstanding amount or give me a lump sum lower than what i owe... i dont want to pay for something i no longer have.
kind regards. Katie x
Ive recently had a motorcycle accident and i have just been told by the garage that its going to be written off, the thing is I bought it in late 08 on higher purchase and still have roughly £2200 left to pay.
Will the insurers pay off the outstanding amount or give me a lump sum lower than what i owe... i dont want to pay for something i no longer have.
kind regards. Katie x
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yes i have fully comp
so say for instance i owe £2000 to the creditors, and the insurers offer me £1500, will the insurers give me that 1500 or will it go automatically to my creditors without me seeing a penny, then still having to pay the outstanding 500?
because, if they give me the 2000 then i was thinking i could buy a cheaper bike for cash and put the rest towards the outstanding amount that i owe
but i was told that it goes straight to the creditors, leaving me to pay an outstanding amount (obviosly they're not going to pay the full amount) and also leaving me with no transport
so say for instance i owe £2000 to the creditors, and the insurers offer me £1500, will the insurers give me that 1500 or will it go automatically to my creditors without me seeing a penny, then still having to pay the outstanding 500?
because, if they give me the 2000 then i was thinking i could buy a cheaper bike for cash and put the rest towards the outstanding amount that i owe
but i was told that it goes straight to the creditors, leaving me to pay an outstanding amount (obviosly they're not going to pay the full amount) and also leaving me with no transport
-- answer removed --