Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Write off??

  • 10-06-2010 1:46pm
    #1
    MacAva
    Registered Users, Registered Users 2 Posts: 77 ✭✭


    Hi,

    What happens if a car is economically written off??
    (Costs more than the value of the car to repair)

    Thanks


Comments

  • #2
    Anan1
    Registered Users, Registered Users 2 Posts: 22,815 ✭✭✭✭Anan1


    The ins co pay you the pre-accident market value and assume ownership of the car.


  • #3
    MacAva
    Registered Users, Registered Users 2 Posts: 77 ✭✭MacAva


    But the car is worth a lot more to me than its worth!!

    The mileage is very low and nct till next year!


  • #4
    SV
    Closed Accounts Posts: 9,534 ✭✭✭SV


    MacAva wrote: »
    But the car is worth a lot more to me than its worth!!

    The mileage is very low and nct till next year!

    you could always choose not to claim on the insurance and simply take the car..

    couldn't you?


  • #5
    Anan1
    Registered Users, Registered Users 2 Posts: 22,815 ✭✭✭✭Anan1


    SV wrote: »
    you could always choose not to claim on the insurance and simply take the car..

    couldn't you?
    I think you can arrange to buy the salvage from the ins co.


  • #6
    MacAva
    Registered Users, Registered Users 2 Posts: 77 ✭✭MacAva


    I just want my car repaired and back to the way it was. I dont want it taken from me and given money for a car that will never replace my own. Its old but its been well looked after.


  • Advertisement
  • #7
    djimi
    Registered Users, Registered Users 2 Posts: 13,237 ✭✭✭✭djimi


    MacAva wrote: »
    I just want my car repaired and back to the way it was. I dont want it taken from me and given money for a car that will never replace my own. Its old but its been well looked after.

    How substantial is the damage and how much are you talking to get it repaired compared to how much its worth?


  • #8
    Anan1
    Registered Users, Registered Users 2 Posts: 22,815 ✭✭✭✭Anan1


    MacAva wrote: »
    I just want my car repaired and back to the way it was. I dont want it taken from me and given money for a car that will never replace my own. Its old but its been well looked after.
    I'm afraid they're under no obligation to do that. You could buy the salvage and use the insurance payout to have the car repaired, though.


  • #9
    MacAva
    Registered Users, Registered Users 2 Posts: 77 ✭✭MacAva


    Im not sure... I'm waiting on those details. Its a 99 and damage could be worth 1000+ because of where it is damaged.

    But as i said, its in great nic! Could be a brand new car based on the interior alone and has less than 30,000 miles!!! The last thing I want is to take cash for it! I also put money into it.... new timing belt, new tyres, service, nct, etc etc and is worth a lot more to me than what its really worth. The accident was not my fault and I would be gutted if because of this accident I would have to give my car away for some cash .


  • #10
    Anan1
    Registered Users, Registered Users 2 Posts: 22,815 ✭✭✭✭Anan1


    I'd see what they offer first.


  • #11
    MacAva
    Registered Users, Registered Users 2 Posts: 77 ✭✭MacAva


    Ye well chances are theyll value it at approx 1500. For that money I wont get a car nearly as good as my own!!!


  • Advertisement
  • #12
    L-M
    Registered Users, Registered Users 2 Posts: 23,694 ✭✭✭✭L-M


    That's the thing with insurance and old cars, if I (god forbid) crashed the BMW in the morning I'd probably get feck all for it... Your choices are outlined above I'm afraid, if it's worth that much to you, take the money, buy the "salvage" and repair it.


  • #13
    MacAva
    Registered Users, Registered Users 2 Posts: 77 ✭✭MacAva


    What's involved with buying the 'salvage'????


  • #14
    L-M
    Registered Users, Registered Users 2 Posts: 23,694 ✭✭✭✭L-M


    MacAva wrote: »
    What's involved with buying the 'salvage'????

    Talk to your insurance company! Make sure you can buy it for one!


  • #15
    MacAva
    Registered Users, Registered Users 2 Posts: 77 ✭✭MacAva


    Can they not pay a smaller sum out to me and I can repair it cheaper??
    What happens with the insurance then?? Am I still insured?


  • #16
    L-M
    Registered Users, Registered Users 2 Posts: 23,694 ✭✭✭✭L-M


    MacAva wrote: »
    Can they not pay a smaller sum out to me and I can repair it cheaper??
    What happens with the insurance then?? Am I still insured?

    Afaik the insurance year ends and you need to take out a new policy.

    To be very honest, they'll be able to answer all your questions better than us! Just write down all your questions and answer to them so you don't forget!


Advertisement