Wrote off vehicle, who pays?

[herewegogogox]

DH works with his best friend they share a work vehicle which they put in for 50/50 it was purchased February 2025. Go halves on all expenses etc but is registered in best friends name & stored at their house.

Best friend has crashed the van, his fault.
DH is injured so can’t work which = no money, this has been going on over 2 weeks! best friend is uninjured so still working

insurance company are only offering £6,000 for the van…. It was bought for £11,000….

Who pays to make up the difference to buy a decent van?

February 2024 sorry.

The person who crashed it

If he was injured in the crash he needs to claim against the insurance for loss of earnings

They agreed half of everything so pay half of the excess to buy new van

Has the van really depreciated that much in 7 months? Was it a brand new van? My experience with insurance payouts is that they're usually fair. They offer market value for the car/van to allow you to purchase a similar vehicle. Your DHs friend should do his research and submit examples of the same van, same year, same mileage to the insurance company. You don't have to accept the first offer from them. Your DH should also claim against the insurance for loss of earnings due to injury.

Well, in law, your dh hasn't actually lost anything.... He has been compensated for the value of the van at the time of the accident... The depreciation isn't the fault of the bf. Was a bad financial decision to buy a van which depreciated so quickly and it's a chance you take. If he doesn't agree with the valuation then he needs to dispute it with the insurers... This is not unusual and can sometimes be worth doing.

Best bet is to claim for personal injury from the bf's motor insurers...dh will get loss of earnings and compensation for his injury. It'll have no further impact on the bf's insurance.

Yes a dealership!

will go back to insurers with similar & haggle price I guess

i think what has annoyed me most is his best friend said my DH can “borrow” money from him to buy one again of the same price - FOR HIS ERROR!