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What happens if the car is accident damaged, to the point of being written off by the insurance company? Am I liable for any shortfall in value?

Frequently Asked Questions

What happens if the car is accident damaged, to the point of being written off by the insurance company? Am I liable for any shortfall in value?

Your insurance company usually negotiates with the supplier or leasing company directly. Different companies have varying policies.

However, you maybe liable for any value between the insurance payout, the finance and/or the vehicle value. Rentals are also payable until the vehicle is settled.

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