Insurance issue, what do I do.

ChroniC

ChroniC

ChroniC

Soldato
Joined
18 Oct 2002
Posts
10,188
So I have a 2008 c class and I had a minor accident (rear ended someone). I apparently naively though that the insurance would fix my car (worth about 3500k).

Apparently this isn't true. They have told me to take the valuation right off or pay for it myself.
Is this common, I was speechless as I know they will low ball me.

I have been left with little no choice but to fix it myself or get the valuation cash..
They mentioned some method to Cat C it, to help pay towards to the cost, buying the car at some low value. This confuses me.

What should I do.. Suck it up and try and fix it, or just take the cash?
I think personally the damage to front bumper and bonnet is fairly minimal, I might be able to straight replace the parts from a donar car for about £750..

Anyone got any advice in this circumstance.
 
Is this the smartest option vs the price of fixing it myself.
I mean I was never trying to hope I could sell it soon but being a Cat C, selling it at all might be an issue.

Which value is worse, the cost of fixing it or the loss of value.
 
No that's exactly why I want to fix it. Until I pranged it, it was immaculate.. I've only just recently bought it, with just over 80k, newly refurbed wheels, perfect paintwork etc..

I'm gutted.
 
This is the massive issue I have at the moment...

I spoke to a crash repair centre. They said I could easily have change for under a grand.. Its a small bumper respray, and grill replacement.. Possibly the bonnet but he thinks that's just being pushed up by the grill..

Sooo, the question is, do I claim and write it off and buy it back. Use the excess cash to fix it, but then possibly take a hit from future quotes going up, (which they're likely to anyway), or take the hit on the nose and fix it myself..

I'm leaning towards the first, as I may actually end up with more money to offset the insurance increases anyway, plus I have protect NCD
 
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They have already claimed and rightly so. I broke his car, I just wrongly assumed that it might have less effect on renewals with only the other party being fixed... Like you say, a mark is a mark
 
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Update....

I went through the retain car / cat N process.
There scrap company valued the car at £3k.. Its close but if I go on autotrader you can't buy my model atm for anything less than £3.5k with higher mileage
Should I accept their valuation or reject it?

All in all they want £900 for scrap value and I'd get £2.1k back..
I've had a quote to fix of under 1k so I'd be in profit from having a crash by 1.1k which is utter madness, they should just fix it..

What do you think my next move should be.. Reject the claim and show them autotrader and that I want more? Or just take it and run?
 
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Rejected and showed in Autotrader that you cannot buy a car like mine for the price they offered, but they phoned and said they don't use autotrader and it's all down to some buyers guide that I'm not allowed to see or check through.. What a suprise.

Took the valuation as I'll still be in profit... Who would have thought after having a minor ding I'd have a grand in the bank. :rolleyes:

Probably keep it all anyway to offset the insurance premiums, so no money made, just lazy ***** who over charge and didn't want to fix my car..

Almost tempted to go 3rd party in future.
 
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