hows it gonna be
Ok friends,
My car (i was driving) met with an accident the other day, the entire front got damaged - it all happened in the blink of an eye,,,the guy in the front (GMC) braked and i had no time to brake on time...i went and wham...the hook behing the GMC went staright into the radiator and the entire front portion got badly damaged -not a scratch to the GMC, my suzuki swift stod no chance.
Anyways what i want to know is the following:
Insured value (full insurance)with QIC is QR. 22,000.00
This is a used car i got a couple of months ago - 10 months to be precise.
(a)There is a 50:50 chance that it might get repaired. In this case how much will i have to shell out, on the fact that the accident was apparently my mistake (since i went and banged) and..on the postive side - its full insurance (own damage and third party)
(b) If the car is totalled off and cancelled, how much do you think i might get reimbursed from the insurance?
Any other information will be appreciated
thanks guys
DRIVE SAFE
If the insurance company decide to repair the car then you will pay only the deductible - something like QR 750 or Qr 1 000. If the car is totalled then the insurance will pay out the insured value minus the deductible. I doubt there is any concept of market value here and there certainly is no "blue book" so the insurance company sets the value themselves.