Adding Extra Payments Into Your Vehicle Insurance Policy
A surplus payment is the fixed payment you must pay each time your car is repaired through your car insurance rule. Typically upon picking up the automobile the payment is made right to the accident repair shop. After the accident, your insurance provider will decide if the damage to the vehicle should be fixed or if the car should be written off. If they decide the damage is too expensive to fix, then the insurance company will subtract your policy’s deductible from any settlement they pay you.
If the accident was the other drivers fault, and this is accepted by the third party’s insurer, you’ll be able to reclaim your excess payment from the other person’s insurance company. But what if the other motorist isn’t covered?
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