Agreeing a value with my insurance after a write off

_Jimlad_

_Jimlad_

_Jimlad_

Soldato
Joined
5 Jun 2005
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20,903
Location
Southampton
Hi guys, just wondered if anyone had any pearls of wisdom regarding Agreeing a value with my insurance after a write off.

There have offered me a 3rd of what the going rate is for my motor from what i can gather by looking for similar cars on auto trader (private sales only)

Im gonna study my insurance documents and respond when i get home, but i take it this is the normal and a degree of haggling goes on?

anyone got any advise or experience in this?
 
Print off some adverts for some cars that match yours as closely as possible in terms of spec, colour, mileage etc. etc. phone the insurance company and inform them you'll put them in the post to them.

Is your cars value down to it being a particularly good example of whatever it is? If this is the case, why was it not insured for an agreed value?
 
i did list the value, but the terms state they always give a market value. I just called my claims handler and she said the same thing about sending evidence in, which i have started gathering from auto trader and various other sites.

my car was in good condition, but im not seeking extra money on that, im just after a fair price for it, and i understand that will be below my selling price, but not as little as a 3rd!
 
If it will cost £1800 to replace then push for £1800, minus your excess of course, if you're claiming on your own insurance.

I suspect you will end up with an average of the adverts you supply them, depending on the insurance company.
 
Hmm not knowing any more details other than the model and year the cheapest 1999 CRV on pistonheads is just shy of £2k.

I would say, unless yours is a dog, that they are taking the p....
 
£650 for a CRV is frankly disgusting unless it was an MOT failure wreck. Whilst I appreciate the job for the insurer is to pay out as little as possible such an offer is insulting.

It is worth considerably more - simply point out to them that a 1999 CRV costs a heck of a lot more than £650, but if they can find you one for sale for £650 matching the condition and specification of yours, you will happily accept.
 
[TW]Fox;16569910 said:
It is worth considerably more - simply point out to them that a 1999 CRV costs a heck of a lot more than £650, but if they can find you one for sale for £650 matching the condition and specification of yours, you will happily accept.
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They could probably find one matching the current condition - ie. broken :p
 
cheers guys, mine had 11 months mot, and £400 of work done this year, it was mint. not a single ding or dent. i have just sent off tones of examples
 
how does it work though? surely its not like a tv quiz and i keep saying higher and higher... i guess we reach a point and then what?
 
Just point them towards 3 different ads showing the prices. I'd get several that are a bit higher than you want to prove the point.

Then accept an offer near to the ad prices :)
 
yeah i have printed and posted 13 examples ranging from 1600 - 2300.

what i mean is, surely at some point we hit stalemate
 
They are trying it on. It's obvious that some people would just accept the offer. However this will put you in a much worse position than before as you would be at least £1k short of a replacement.

Is this your insurer or a third party? Stand your ground they really haven't got a leg to stand on.
 
_Jimlad_ said:
what i mean is, surely at some point we hit stalemate
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Court.

If you are being at all reasonable though they won't.

Also why offer up private sale prices? If you take private sale money, buy a new one, and it turns out to be a lemon will the insurance company help you fix the problems?

No would be the answer.

Push for the price from trade, at least you get some protection if the gearbox drops off as you drive it away.
 
Telescopi said:
Push for the price from trade, at least you get some protection if the gearbox drops off as you drive it away.
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Agree with this, for this purpose only trade examples should be used as that is how you can be expected to replace it. Which actually works in your favour :)
 
to be fair guys, most insurance companies pay a 'market value' and not a trade value, i have not read all my T&C's yet, but i do recall that being stated, and from what i find on the web, it is an overall market value, not what garages are selling for.
 
_Jimlad_ said:
how does it work though? surely its not like a tv quiz and i keep saying higher and higher... i guess we reach a point and then what?
Click to expand...

I went through this a few years ago and I rejected the first two offers from my insurance company (Elephant) before excepting the third offer which was £300 less than what I was asking for (got £4700 wanted £5000) took about 6-7 weeks all in to get it all settled which feels like forever when you don't have a car
 
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