The insurance certificate says market value.
Sorry for my late reply. Yes your answer was very helpful. I just a have another question relating to this incident.
I agreed a settlement with my insurance and a cheque for the amount was made sent to me. This however was done in error as the cheque should have been sent to the finance company with whom I have the HP agreement. I have decided to use some of the money to pay off the small loans I took to purhase a second hand car. The finance company is now persuing me for full payment of the claim even though I am still committed to paying my monthly installments.
Can the finance company threaten me a commence legal action against me if I don't pay the insurance settlement over to them?