UK Motor Insurance Policy Clauses - Depreciation

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Policy Exclusions - Depreciation

When your car is returned to you after repair, it should be as good as it was before the claim event happened. But if you tried to sell it and the mere fact it has been accident damaged is known to the potential buyer, you might not get the value you would have if the car was not the subject of accident damage.

This is more of a problem with higher value upmarket models. It has never been the intention of insurers to pay for a reduction in the value of a car that has been repaired properly following an accident. As an insurer was forced to pay out a few years ago on this very point, insurers now have this exclusion in the motor policy to make the position clear. They will not pay.

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"I started to turn and it was at this point I noticed a camel and an elephant tethered at the verge. This distraction caused me to lose concentration and hit a bollard."

Extracts taken from actual claim forms submitted to a number of UK car insurance companies

Next..... Car Insurance Exclusions - Replacement Cars

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