News4 mins ago
motorcycle write off but still on higher purchase
12 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
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.thanks for your answers, my insurers, like a lot of people i've spoken to, wasnt offered and knew nothing about GAP insureance.
yes I had the bike from new, i think there's about £2000 left to pay.
will the insurers automatically pay my creditors or give me a lump sum so i can give the creditors a bit and buy a cheaper bike? because i was told i wont see a penny and it will all go to them?
yes I had the bike from new, i think there's about £2000 left to pay.
will the insurers automatically pay my creditors or give me a lump sum so i can give the creditors a bit and buy a cheaper bike? because i was told i wont see a penny and it will all go to them?
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