Repair accident damage or receive a cash settlement?

Repair :You take your damaged vehicle to a car repair shop . The car insurance covers the actual repair costs, including VAT .Payment (fictitious settlement) :You do not have the damaged vehicle repaired and receive the net repair amount from the vehicle report or car cost estimate .

Repair vs. payout – what does that mean?

Repair :You take your damaged vehicle to a car repair shop . The car insurance covers the actual repair costs, including VAT .Payment (fictitious settlement) :You do not have the damaged vehicle repaired and receive the net repair amount from the vehicle report or car cost estimate .

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