Insurance Claim - Car Valuation

The Sparrow

Some guy reversed into me last week and pretty much destroyed the driver door of my car. He admitted liability and his insurance company came out to see the car today.

The car is 14 years old this year so the guy said that won't pay any higher than the value of the car. I understand where he is coming from but it's really annoying from my point of view. The car was running fine and now it looks like I'm going to have to take about a grand when the damage was probably more than that and pay for a new car which will cost me much more again so I'm going to be out of pocket when all I want is to have my car repaired.

Just wondering if anyone has any advice or if there is anything I can do? I understand that from their point of view it makes sense but from my point of view it seems unfair as the value to me of the car is much higher as without it I'll have to replace it and will be out of pocket.

Any advice would be greatly appreciated.

cml387

1. Take the money
2. Get a second hand door from a scrappy and get resprayed.
3 Quid's in

Triangle

I understand the feeling - had my motorbike robbed and Insurance company paid the face value of it.
Their view didn't include the new tyres/Chain or additional parts.
And this is with me working for them!!!

The maximum they pay will be the insured value (what you told them it was worth)

Can you get a second hand door for your car - might not exactly match the paint job but even a new one probably wouldn't match. Might leave you with a bit of change to cover the trouble it caused.

^or what he just said

MugMugs

Were you in the vehicle in the time.

If you're not injured then I would in no way condone claiming for an injury that doesn't exist however, some insurers can sometimes be grateful that there will be no personal injury claim coming.....

What cml387 has said though is you best bet though.

The Sparrow

MugMugs wrote: »

Were you in the vehicle in the time.

If you're not injured then I would in no way condone claiming for an injury that doesn't exist however, some insurers can sometimes be grateful that there will be no personal injury claim coming.....

What cml387 has said though is you best bet though.

I was in the car but I'm grand. Also told the insurance guy this morning that I was grand so that's not a runner. Probably wouldn't feel comfortable with it anyway. Interesting idea though...

If they pay me the value of the car, will they not want the car so they can sell it for scrap?

bazz26

They can subtract the scrapage value of the car from the settlement figure afaik. So basically you would be buying back the car at scrapage value from them.

MugMugs

The Sparrow wrote: »

I was in the car but I'm grand. Also told the insurance guy this morning that I was grand so that's not a runner. Probably wouldn't feel comfortable with it anyway. Interesting idea though...

If they pay me the value of the car, will they not want the car so they can sell it for scrap?

They'll own the car once they pay you for it but you can buy it back off them.

If it's such a low settlement then the salvage owed will probably be little to none.

Negotiate you keeping the motor when you're negotiating the settlement.

Barr

Insurance companies rarely ever take ownership of the car if it’s an economic write off.

You will get a salvage offer for the car . It will be up to you whether to take it or not.

You could be quids in if the salvage value is low as you can keep the car + take the pre accident value for the car in settlement.