Flooded car

Have you done your own valuations through Glass, Parkers or the CAP index (Autotrader uses this)?

When I made a claim for my car, they initially valued it much lower than what I had paid for the car 4 months prior and all they did was go on AT and look at the lowest priced car around. I had to fight to tell them that my car was a higher trim level and with more equipment than the ones they were looking at. I then showed them other more comparable cars despite it being very hard finding an equivalent.

In the end I got valuations done at the above three places and the prices they were quoting were more in line with what my car was actually worth so I took an average of those and told them to give me that. You could probably do the same and then add the price of your mods on top.

If they don't agree, threaten that you'll get the financial ombudsman involved. According to their guide, their valuation should reflect the market value of the car, not the value of you buying privately and then haggling money off.
 
No idea on repair cost as it would be illegal to do so due to sewage damage health and safety etc.

I composed an email with listings last night and sent them off showing 360 manuals and this morning I have received an email asking for a copy of the service history (tip top of course) which I thought they would have done before but seems now they are looking for imperfections as a reason to lower the payout maybe ?
 
ay that would be my guess :( they have departments set up to look for discrepancies and such, just watch Michael Moore's "sicko"....though prepare to feel angry and depressed after :p

crossing my fingers for ya! :)
 
Skywalker said:
Nothing as anything on there has pretty much sold , The only one on autotrader which is a manual and a 360 was an imported gs . They are using pistonheads too and as the link above shows that's what they are starting at as the lower priced ones have sold.

The insurance company also told me the value of these cars are going up as well .
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Find a dealer with a Glass guide, get the retail book price as close to the day of the flood as possible, and work from retail prices for the car plus the parts.
If book price on the day is £18k and the parts are £4k, and you haven't under valued the car or parts on the policy then £22k is the price. What is stated in the policy is important, but guide price on the day is nearly always the expected outcome in any kind of escalated dispute.
 
They have said about glasses guide etc but they have said they go on market value which is higher. Which if I am going by a X 360 on 20'000 miles is worth more than what any dealer book is saying I bet.
 
I've never had to do this myself, but if I were in your shoes now I'd arrange a suitable time for someone from their end to call you with supporting evidence of their settlement offer (and you would have the chance to query it over the phone with them there and then). By the sounds of it, I think you've only spoken to the monkey not the organ grinder?
 
I have spoken to the broker and she has spoken with her boss (owner) and he agreed with the value although at that time he probably was not aware they where comparing with 300/330 SST models
 
It would seem the last phone call and emails I have been sending since last night are to the owner of the broker so fingers crossed
 
The broker aren't the ones giving a value thought, the underwriters are? (Unless I'm mistaken).

I'd be wanting a call with the underwriter personally.
 
not have a few friends with evo xs that could throw a few for sale ads up to skew things in your favour?
 
233 said:
not have a few friends with evo xs that could throw a few for sale ads up to skew things in your favour?
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Lol. I'd be happy to put my X up for a ridiculous figure. Maybe someone will buy it so I can get an R8 :p
 
Ive been getting a little help from an insurance guy so its putting my mind at rest about

* using a different model as they have, the offer should be retail price at a reputable dealer on an equivalent car

* reducing payment as I could haggle at dealer - haggling at dealers does not come into the equation
 
Skywalker said:
Ive been getting a little help from an insurance guy so its putting my mind at rest about

* using a different model as they have, the offer should be retail price at a reputable dealer on an equivalent car

* reducing payment as I could haggle at dealer - haggling at dealers does not come into the equation
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Excellent - keep at it. You need to be back in the position you were in before the write-off. This means no worse off than you were before, but not necessarily any better off.

Since there aren't any 360's available with your mileage and condition, I would be telling your insurer that the only way you can be placed back into the condition you were in pre-crash is for them to pay more to cover the loss in value of the car.

E.g you can buy a 360 for 22k, plus 5k mods = 27k.
They should be offering 29k so you have some extra to cover the loss in value in my opinion.

Offer them a settlement figure of 29k and see what they say.
 
Putting in to pistonheads
mileage under 25'000
manual
360
Trade

3 come up with the cheapest one being an

RS with 13'000 miles on it and has modifications including exhaust , suspension and induction like mine but is £25'990


Standard 360 same colour but only 9'000 miles and 2011 plate £28'995 standard

Standard 360 same colour but 16'000 miles and 2012 plate for £29'995
 
Insurance company telling me £18'000 is tops including mods .

I have asked for copies of the adverts only from the comparables from dealers as per guidance from FOS not private sellers and I am still waiting for these as I know they based it against private sellers and sst's etc etc.

Now they are saying they are not using comparables from SST models and they have found 3 360's with mileage close to mine but only adjust from a car with 35k to mine with £400 :eek: an evo on 20k or one with 35k and only £400 difference I think they are smoking some strong strong stuff !!
 
I've found a 360gsr on double my mileage at 17k or one on my mileage but only a GS at 21k. Surly this shows mileage on these rare cars gaining value can only mean double mileage depreciates the value more than £400
 
I feel sorry for you Skywalker it is such a ****** situation to be in. We are forced to deal with these companies by the government and then they are able to run you around for weeks screwing you over. Just keep on fighting them hopefully they will give you a fair pay out eventually.
 
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