Research by GAP Insurance provider, ALA Insurance has revealed that the average car owner is offered £286 below market value on claims where their car has been written off. Prompted by the news that Direct Line have been instructed to review unfair settlements from the past five years, ALA analysed over 3,748 claims to show which car makes, specifically receive the lowest payout based on market … [Read more...]
Newslines 6 April
Welsh government is very unlikely to see £7.35m it spent on an ill-fated Circuit of Wales racetrack project, it has told the BBC. Officials say there is "little chance" of getting it back from the insolvent company behind the £433M Circuit of Wales after the project fell apart in 2017 when the Welsh government rejected a request to guarantee almost half its funding after it discovered there were … [Read more...]
Write-offs are worrying more drivers
Almost one in three (32%) UK drivers have had a car written off by an insurance company (men 35% and women 30%) and 8% twice or more. London drivers are the most likely to have written off a car, with almost half (48%) having had a car written off by an insurance company. This is almost twice as high as other regions including Wales (23%) and the West Midlands (24%). In the Opinium survey of … [Read more...]