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Require insurance companies to replace car like for like, rather than value.

Submitted on Monday 21st March 2022

Rejected on Friday 25th March 2022

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

Require insurance companies to replace car like for like, rather than value.

Petition Details

The most important thing with your car is reliability. You car might only be worth 3 grand, but when it's your car and you know there are no faults with it, that car can't be replaced. Require insurance companies to provide you with like for like with a guarantee that all is in good working order.

Additional Information

Had an accident. The value I would get for car is £3.5 grand. I could buy the same car with this if I could travel 150 miles, but no guarantees that it was near the condition ours was in and wouldn't end up costing us a fortune in repairs. To buy a car that was the same as the one we had (which was 3 years old at purchase, 50k miles, £7.5k) would now cost £13500. Whichever way this is looked at, we will be losing out significantly, and this isn't right when in a no fault accident.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. The terms of insurance policies are a contractual matter between the insurer and the consumer.

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