Car insurance claim

Bigcheeze

If making a claim on your own insurance for damage, is it an option for me to sell the car as is with the damage and take payment directly from the insurance company for the damages.

The insurance company have assessed the car and are happy with the estimate.

Going to be selling the car either way.

MidlandsM

Bigcheeze wrote: »

If making a claim on your own insurance for damage, is it an option for me to sell the car as is with the damage and take payment directly from the insurance company for the damages.

The insurance company have assessed the car and are happy with the estimate.

Going to be selling the car either way.

so, are you going to just pocket the money, and flog on the car unrepaired?

Cleveland Hot Pocket

MidlandsM wrote: »

so, are you going to just pocket the money, and flog on the car unrepaired?

Perfectly allowable of course, once it is listed as such.

MugMugs

Some Insurers insist on repairing their own clients vehicles.

If you're a third party they generally don't care what you do with the money.

djimi

MidlandsM wrote: »

so, are you going to just pocket the money, and flog on the car unrepaired?

You say that like is a bad thing?

The car will be worth less damaged, so the money for the repair should balance it out. Saves the OP the time and hassle of actually getting it repaired before it gets sold.

Bigcheeze

djimi wrote: »

You say that like is a bad thing?

The car will be worth less damaged, so the money for the repair should balance it out. Saves the OP the time and hassle of actually getting it repaired before it gets sold.

Exactly. Would rather not have hassle of getting it repaired and then trying to get a decent price for it.

Seems easier to take what I can get for it and the insurance payment.

Car probably worth 4.5k undamaged. Damage just under 2k but looks minimal and car driving perfectly. Crash was more of a swipe than an impact.

Bigcheeze

MugMugs wrote: »

Some Insurers insist on repairing their own clients vehicles.

After inspecting they said it's ok to go and get it repaired so aren't insisting on their own repair centre. Policy doc doesn't say anything.

MugMugs

Bigcheeze wrote: »

After inspecting they said it's ok to go and get it repaired

Have they given you a cheque for the full amount ?

Bigcheeze

MugMugs wrote: »

Have they given you a cheque for the full amount ?

No haven't asked them yet.

Guess I'll just have to tell them I want to sell it and see what they say.

MugMugs

In that case I wouldn't be counting chickens just yet. They could very well be expecting to pay the garage directly,

MidlandsM

djimi wrote: »

You say that like is a bad thing?
.

it is a bad thing, when it comes home to roost with mine and your insurance premium increases. More Claims = premium increases, accross the board.

MugMugs wrote: »

In that case I wouldn't be counting chickens just yet. They could very well be expecting to pay the garage directly,

+1

thats why they have their own repair centres, so they can control costs, and control everything. Be under no illusion, insurer's are like they casinos in LV, the house always wins...

Bigcheeze

MidlandsM wrote: »

it is a bad thing, when it comes home to roost with mine and your insurance premium increases. More Claims = premium increases, accross the board.



+1

thats why they have their own repair centres, so they can control costs, and control everything. Be under no illusion, insurer's are like they casinos in LV, the house always wins...

On your first, frankly bizarre point, if I can't take payment the car will be repaired so the claim happens either way.

On the second point, the insurance company's assessor has already inspected the car and seen the estimate and approved it.

zl1whqvjs75cdy

MidlandsM wrote: »

it is a bad thing, when it comes home to roost with mine and your insurance premium increases. More Claims = premium increases, accross the board.

So he shouldn't have claimed at all? His car was damaged he is perfectly entitled to claim.

djimi

MidlandsM wrote: »

it is a bad thing, when it comes home to roost with mine and your insurance premium increases. More Claims = premium increases, accross the board.

Have you a problem with all insurance claims then? Because this one is perfectly valid and is precisely the reason why we all pay for insurance. Car was damaged, OP claimed and will get value of damage from insurance company. Whether they choose to give that money to a repair shop, or sell the car damaged for a lower value, does not matter one iota to the insurer.

MidlandsM

Bigcheeze wrote: »

On your first, frankly bizarre point, if I can't take payment the car will be repaired so the claim happens either way.

On the second point, the insurance company's assessor has already inspected the car and seen the estimate and approved it.

if you deem my point "bizzare", you need to educate yourself on how the insurance industry works, and how premia is set.

donkeyoaty0099 wrote: »

So he shouldn't have claimed at all? His car was damaged he is perfectly entitled to claim.

sure, he entitled - but it strikes me as underhanded.....

djimi wrote: »

Have you a problem with all insurance claims then? .

no, just underhanded one's - where it add's to the tally of claims paid out by the industry over the year, and then you and I get premium increases.

Bigcheeze

MidlandsM wrote: »

if you deem my point "bizzare", you need to educate yourself on how the insurance industry works, and how premia is set.



sure, he entitled - but it strikes me as underhanded.....



no, just underhanded one's - where it add's to the tally of claims paid out by the industry over the year, and then you and I get premium increases.

Clearly you either haven't read or understood any of my posts.

djimi

MidlandsM wrote: »

sure, he entitled - but it strikes me as underhanded.....

no, just underhanded one's - where it add's to the tally of claims paid out by the industry over the year, and then you and I get premium increases.

There is absolutely nothing underhanded about it. The OP has been financially reimbured to put them back where they were before the incident. Which is the very point of why we pay for insurance.

What the OP does with the money that they recieve (ie give it to a repair shop or pocket it and drive a damaged car) does not make any difference whatsoever to the insurance company.

magentis

Surely its up to the op if he gets HIS car repaired or not?

MidlandsM

djimi wrote: »

There is absolutely nothing underhanded about it. The OP has been financially reimbured to put them back where they were before the incident. Which is the very point of why we pay for insurance.

What the OP does with the money that they recieve (ie give it to a repair shop or pocket it and drive a damaged car) does not make any difference whatsoever to the insurance company.

I never said it did.

But I'am allowed (last time I checked) to have an opinion?

magentis

MidlandsM wrote: »

if you deem my point "bizzare", you need to educate yourself on how the insurance industry works, and how premia is set.



sure, he entitled - but it strikes me as underhanded.....



no, just underhanded one's - where it add's to the tally of claims paid out by the industry over the year, and then you and I get premium increases.

So by your logic if an artic slams into the back of your car tomorrow you better not claim or it will effect my premium.

MidlandsM

magentis wrote: »

So by your logic if an artic slams into the back of your car tomorrow you better not claim or it will effect my premium.

no ...... and thats an idiotic analogy from you. Is that the best you can offer?

magentis

No......you wouldnt be claiming?

magentis

Nothing idiotic quite frankly,the op is more than entitled to make a claim from an insurer if his property was damaged.

Valetta

If the car was deemed a write-off, he would be effectively selling it to the insurance company for scrap value.

What is he supposed to do then- refuse the settlement as he cannot get it repaired?

There is absolutely nothing wrong with accepting the payout and not having the car repaired, and it makes no difference to anyones' premium, nor is it underhand in any way.

djimi

MidlandsM wrote: »

I never said it did.

But I'am allowed (last time I checked) to have an opinion?

You can have any opinion you like you but I have absolutely no idea what you are basing that opinion on? Your postion that it drives up insurance premiums doesnt really make a lot of sense considering its a perfectly valid claim, so unless you have an issue with all insurance claims, valid or otherwise?

Del2005

Bigcheeze wrote: »

the insurance company's assessor has already inspected the car and seen the estimate and approved it.

The assessor has approved the estimate. On a €4.5k car with a €2k repair the company will most likely right it off.

djimi

Del2005 wrote: »

The assessor has approved the estimate. On a €4.5k car with a €2k repair the company will most likely right it off.

For 45% of the value of the car? Seems very unlikely that it will be written off.