Quick question regarding insurance payout

[dinku]

My insurance has agreed to pay the finance company for my stolen bike. And I am told that the payment has gone for approval by the manager in the insurance company.

The question is- is it all done or should I expect more issues???

Thanks

 

[JJH]

Depends. Issues relating to what? There is a lot you have left out of your question. Was the bike recoverd? and so on. Straight answer to your question. Are you expecting any issues? JJH

 

[dinku]

As I mentioned. The initial process is over. Bike is unrecoverable. So payment has been agreed. But as it's a big amount it's gone to a manager for approval.

So at this stage is it plain sailing??

Anybody with any experience.


http://www.ukgser.com/forums/showthread.php/444946-STOLEN?highlight=Stolen

http://www.ukgser.com/forums/showthread.php/445566-What-does-it-mean?highlight=Dinku

 

[oldnfat]

Probably just a formality.

 

[Tractors are go]

Probably just an internal formality, staffing levels are often only authorised up to cetain amounts, as it will be in full and final settlement, and there is finance involved, they will be checking that they have not missed/over paid anything.

Sent from my GT-N7105 using Tapatalk

 

[Jonno58]

Depends if the Finance Company Settlement required is greater than the value of the Insurance Payout. If that's the case the Finance Company will ask you for the difference so before you accept the first offer from the Insurance Company (if it's less than the bike cost you) establish that. If you have GAP Insurance that will cover you. Hope all goes suitably for you.

My insurance has agreed to pay the finance company for my stolen bike. And I am told that the payment has gone for approval by the manager in the insurance company.

The question is- is it all done or should I expect more issues???

Thanks