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insurance write off question

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  • 29-10-2009 1:17pm
    #1
    Moe7
    Registered Users Posts: 68 ✭✭


    Hi guys,

    My wife rammed my 01 celica into another car at an intersection, she was at fault, guards summoned to the scene etc.. Just heard from the garage that the insurance inspector has deemed the car a non economic repair ie a write off. It's my first time making a claim let alone dealing with a write off, my insurance policy is comprehensive.

    I've read previous posts on boards.ie about calling up dealers to determine the car's market value, my car had only 47k on it, leather, sunroof, toyota 17 inch alloys, climate control, basically fully loaded and a full toyota service history. I'm mentioning these things cause come selling time i was going to use all this to show that it was a tad above the standard celicas and jap imports on carzone. I'm worried these guys are going to rip me off on the estimate.

    Any advice or tips on how to approach the situation and bargain for good compensation? Any help would be appreciated, thanks guys.

    Moe


Comments

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    #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,661 Mod ✭✭✭✭Henry Ford III


    You'll be offered a trade price based on an average car. It's up to you to try and negotiate anything higher.

    The car is 8 years old however, and nice and all as extras and fsh are, they don't add an awful lot in terms of the value.

    Best of luck with the negotiations.


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    #3
    niceirishfella
    Closed Accounts Posts: 5,538 ✭✭✭niceirishfella


    +1

    The key to this is haggle hard and don't be pushed around by your insurance co.


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    #4
    Anan1
    Registered Users Posts: 22,818 ✭✭✭✭Anan1


    I had a similar situation last year with FBD, their opening offer was €7k and we settled later that day on €10k. Be prepared, be persuasive, and be friendly.


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    #5
    no1beemerfan
    Closed Accounts Posts: 1,714 ✭✭✭no1beemerfan


    One thing to bear in mind is how much you had the car insured for....ie when you took the policy out how much did you tell them the car is worth?

    They won't pay out more than this!


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    #6
    robtri
    Registered Users Posts: 5,473 ✭✭✭robtri


    Anan1 wrote: »
    I had a similar situation last year with FBD, their opening offer was €7k and we settled later that day on €10k. Be prepared, be persuasive, and be friendly.

    Absolutely.... be Friendly.. best piece of advice here when negoiating... you want the claims handler to like you


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    #7
    Moe7
    Registered Users Posts: 68 ✭✭Moe7


    Thanks for all the replies, car was initially insured for 10k , thats not what i'm looking for but i dont want them to offer me 6 either, hopefully we'll see eye to eye, and thanks for the being nice tip, will be an angel


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    #8
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,661 Mod ✭✭✭✭Henry Ford III


    A quick look reveals 01 Celicas ranging in asking price from €6-€11k.


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    #9
    Moe7
    Registered Users Posts: 68 ✭✭Moe7


    Henry Ford III wrote: »
    A quick look reveals 01 Celicas ranging in asking price from €6-€11k.

    I think anyone asking for than 9 is in lala land, all i'm saying is my car would be in the higher price bracket, i hope these guys dont offer me 6-7k cause i believe i would of got more for it


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