firsttimeted
Registered User
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I was involved in a car crash and other person admitted liability. Do I have to accept them paying for cost of repair or can i insist on cash for value of damage?
I was involved in a car crash and other person admitted liability. Do I have to accept them paying for cost of repair or can i insist on cash for value of damage?
A lot of insurers look to reduce the pay-out for cash in lieu settlements by say 10-20%, because of the possibility of someone doing what peteb suggests.
Insurance is there to put people back into the position there were in prior to the incident - it isn't for people to make a profit.