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L+V policy on written off cars

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Old 23 January 2004, 01:12 PM
  #1  
logix651
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Hi All

Does any of you know the policy if you written off a car under 1 yrs old? from L+V
Some say if it costs more than "50% of your market value "of the car to repair, they will replace it with a new one.

Then some say if it "costs more than the market value" of your car they will replace or repair.

Do they have to replace it or can I get the cheque/money instead and pay off my finance company?



Regards


James
Old 25 January 2004, 12:26 PM
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amaclean
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Yes you are right - LV will give a shiny new Scooby if you wreck your new one in the 1st year of ownership if the damage is over 50% of value.

Any amount owing on finance will be paid direct repeat direct to the loan sharks.

Remember that the national speed limit is 60mph but that as a special privilege it is upped to 70mph for morways/dual carriageways
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