A friend of mine has had her car stolen, a Fiat 500. I'm not sure of the full details as she lives in London, but she's only had it a couple of months and it's around two years old and was bought on finance.
She's worried that the insurance won't cover the outstanding balance, but I have it in the back of my mind that I once read somewhere that finance companies have an agreement with the insurance industry where the latter will cough up the full amount owing irrespective of the car's value.
Have I got that right, or not?
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Insurance Question new
Insurance Question new