Evening guys.
My hubby was in an accident in his car & it has been written off. He has had an offer made by insurance company which hubby has accepted so he can replace his car (will have to be a cheaper one). Do we have to inform IP about this. Thanks
Tread with caution -- we have a poster in the last couple of weeks who has been asked to pay in an insurance payout ( having already bought the replacement car). So, get your IP to agree to the transaction.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I would inform the IP, but as you were allowed a car under the IVA I can't see why they would suddenly try to claim the settlement and decide not to allow you a car.
I was allowed to keep all the payout under a household policy when I was burgled a couple of years ago. My IP's attitude was that I was replacing things that I was allowed to keep under the IVA so why would they want the money.
Thanks for the replies. We don't have a car at present and hubby is relying on lifts & borrowing sons car it get to work. So this payout will just be for a replacement.
