Insurance
Motor Own Damage — Partial Repair Claim
Paying a garage directly for repairing a damaged vehicle under a comprehensive policy.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Outstanding Claims Reserve (Motor OD) | Liability (-) | 1,800.00 | - |
| Cash / Accounts Payable (Garage) | Asset/Liability (-) | - | 1,800.00 |
💡 Accountant's Note
Partial repairs are settled directly with authorized garages. The reserve set at FNOL is cleared when the repair invoice is received. Any shortfall or excess goes through claims development.
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