insurance payout?
07 March 2004, 05:04 PM
#1
insurance payout?
hi all.
my car was involved in an accident last week, if my car was to be a right off how much would i get.
93 wrx import, 70k miles, above average condition. i paid £4.700 for it in december. the driver who hit me has accepted all responsability in a police statement.
any ideas?
thanks, shawn r.
my car was involved in an accident last week, if my car was to be a right off how much would i get.
93 wrx import, 70k miles, above average condition. i paid £4.700 for it in december. the driver who hit me has accepted all responsability in a police statement.
any ideas?
thanks, shawn r.
07 March 2004, 07:22 PM
#2
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I had a recent write-off and what happened was that the insurance approved engineer for Tesco assessed the value of the car using autotrader.co.uk.
He did a national search for my cars characteristics, such as mileage, year etc and made adjustments for alarms trackers etc.
He then rang me to discuss the offer of a value.
He offered me a £1000 lower than I wanted but because I had done the same homework on autotrader, I knew that a similar vehicle to my own would have been a £1000 more so I convinced him.
He went away to do some more research and finally agreed that mine was a fair price.
So basically do your homework and haggle hard. Think of all he extras you have on the car [so long as they are covered by the insurance] like expensive stereos, speaker, trackers, cat1 alarms, alloys, exhaust etc.
Good look
He did a national search for my cars characteristics, such as mileage, year etc and made adjustments for alarms trackers etc.
He then rang me to discuss the offer of a value.
He offered me a £1000 lower than I wanted but because I had done the same homework on autotrader, I knew that a similar vehicle to my own would have been a £1000 more so I convinced him.
He went away to do some more research and finally agreed that mine was a fair price.
So basically do your homework and haggle hard. Think of all he extras you have on the car [so long as they are covered by the insurance] like expensive stereos, speaker, trackers, cat1 alarms, alloys, exhaust etc.
Good look
08 March 2004, 01:44 PM
#5
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If you bought the car as recently as December you should aim for the same value as the price you paid ( use your purchase documentation as evidence ). Unles you have spent a significant amount on the car since then you wont get any more, even if you've replaced things like tyres & exhaust etc as they are classed as "consumables". Dump valves & the like wont add to the value.....
Good luck though
Good luck though
08 March 2004, 10:49 PM
#7
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if you don't mind the hassle, try to get a good price and keep the car, then break it if it's not salvageable. Selling bits shouldn't be a problem.....
*Edit - dodgy spelling
*Edit - dodgy spelling
Last edited by BedHog; 08 March 2004 at 10:50 PM.
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