GazzaP
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| posted on 10/6/05 at 11:14 AM |
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insurance pay out
Hi there
i have just been informed by the bodyshop that the insurance company is going to declare my car as a total loss do the insurance company pay what it
is insured for or just trade price.
its a saxo vtr 99v in good pre accident condition completly standard.
thanks
Gary
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flak monkey
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| posted on 10/6/05 at 11:17 AM |
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I think they only pay the minimum value for it. Most insurance companies do...
Sera
http://www.motosera.com
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DavidM
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| posted on 10/6/05 at 11:53 AM |
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I think it is worthwhile not accepting their first offer and trying to argue for more, as they will always try to pay out the minimum they can get
away with.
David
Proportion is Everything
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barrie sharp
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| posted on 10/6/05 at 12:14 PM |
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u2u mark allanson he'll know
the cars looking good" a blind man would be pleased to see it"
''stop press'' the blind mans seen it said "it felt ok"
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mookaloid
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| posted on 10/6/05 at 12:26 PM |
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You can argue that should be able to buy a similar car as the one you had for the money they pay out.
This, I believe is the 'acid test' which is used in a dispute.
So have a look around at similar cars for sale in the area to see what money you might have to argue for.
HTH
Mark
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andyps
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| posted on 10/6/05 at 12:35 PM |
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Mine paid out the price they reckoned cars were actually selling for - a bit less than I was hoping for, but I bought the salvage back off them for a
very good price so the overall deal was OK in my view. The payout was midway between the Parkers guide for a dealer and private sale price.
Andy
An expert is someone who knows more and more about less and less
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ned
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| posted on 10/6/05 at 02:28 PM |
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i remember my dad once argued the payout amount with an insurance company. he scoured for sale ads, making copies of adverts to send to the insurance
company to prove a repacement was of higher value than they were offering him. this was a few years ago, don't know if the system has
changed..
Ned.
beware, I've got yellow skin
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Danozeman
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| posted on 10/6/05 at 02:32 PM |
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The system is still the same ned. I know a bloke thats just had that. They offered him trade in price for it so he got some ad's of the most
expensive ones he could find and thats what they payed in the end.
Dan
Built the purple peril!! Let the modifications begin!!
http://www.eastangliankitcars.co.uk
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DarrenW
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| posted on 10/6/05 at 02:36 PM |
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i did the same a couple of years back. Autotrader website is good reference tool.
Trade value doesnt totally take into account condition, mileage, history etc so its worth doing your homework.
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GazzaP
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| posted on 10/6/05 at 04:02 PM |
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Thanks very much for the reply's there a great help been looking through auto trader on line and they seem a good range of prices so i'll
give that a shot.
thanks
Gary
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viatron
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| posted on 10/6/05 at 05:20 PM |
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Just been through this myself and settled last week. What you are paid is the "Replacemnt Value" ie what it would cost to go and buy a
replacment in the same condition of a similar spec. Never accept the first offer!! I got an extra £800 just by playing it cool and waiting a couple of
extra days. Remember that you are not obliged to reveal what you paid for the vehicle, i was paid out more than i paid for it 12 months
ago...legitimately, they asked what i paid and i said i couldnt remember, they never asked again.
Mac
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