Been In An Accident? Balgores Can Get Your Vehicle Back On The Road Again
Insurance Claim Excess
When you bought your motor insurance policy you may have agreed with your insurer to pay ‘excess’ in order to reduce the cost of the premium or because of your driving record. Excess therefore applies to the part of the claim for which you are uninsured and is payable on collection of your vehicle.
The final account to the insurer is reduced by the appropriate amount, but you may be able to recover the excess equivalent from the party responsible for the accident or their insurer. Balgores can advise on this.
VAT Guidence
If you or the owner of the vehicle are registered for VAT purposes and the vehicle is used for business purposes, the VAT content of the repair bill must be paid by you, not your insurer, when you collect your vehicle. The VAT can then be set against your output tax and recovered in the normal way through your VAT return. If you are not registered for VAT or if the vehicle is not used for business, your insurer will accept responsibility for the full amount, less any contributions such as excess and betterment.
Some Of Our Approvals
