This year Roy has paid his fortnightly $$25$ Comprehensive car insurance premiums, got an accident for which he was at fault that cost $$15,000$ in repairs to his vehicle and $$7,000$ for the other party's vehicle and had no excess. The other driver had no insurance. $[$Note that most insurance companies would pay directly the garage rather than giving the money to the insured$]$

Which of the following statements is correct?