VX Rearended - Maybe written off

laissez-faire said:
It does wind me up when people profit from accidents and I have to pay £600 a year to insure a diesel Focus.
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I'd take a rear end accident in return for 2 months in a brand new Boxster, and an £8000 cheque to pay for a £700 repair bill.

Bargain.
 
[TW]Fox said:
I'd take a rear end accident in return for 2 months in a brand new Boxster, and an £8000 cheque to pay for a £700 repair bill.

Bargain.
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Yes, I am not sure what you mean by this. My point is that Muncher has done incredibly well out of this 'accident' at the expense of the third party (or his insurers). I don't think it is morally right to claim more than the actual loss incurred. It just sends all premiums sky high.
 
laissez-faire said:
Yes, I am not sure what you mean by this. My point is that Muncher has done incredibly well out of this 'accident' at the expense of the third party (or his insurers). I don't think it is morally right to claim more than the actual loss incurred. It just sends all premiums sky high.
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If you were in his position are you saying that you would refuse the payout on grounds of morality or write a cheque for £8000 and send it back to the insurance company?
 
laissez-faire said:
Yes, I am not sure what you mean by this. My point is that Muncher has done incredibly well out of this 'accident' at the expense of the third party (or his insurers). I don't think it is morally right to claim more than the actual loss incurred. It just sends all premiums sky high.
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It's not his fault they wrote his car off. They wrote it off so that in turns means they were willing to pay up... :) Muncher isn't the bad guy here.

It's just the inconvenience of it all. It means his car has been devalued substantially more than what it was pre-accident. He would probably have serious issues selling it privately now in fact.
 
NathanE said:
It's just the inconvenience of it all. It means his car has been devalued substantially more than what it was pre-accident. He would probably have serious issues selling it privately now in fact.
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Very true, I wouldn't want to be selling a CAT D car (i assume thats what this is)
 
Hang on a minute. You are forgetting it's "only £700" because of Muncher using his noggin. He is doing most of the work himself and competitively sourcing spares.

Good on you mate.
 
Muncher said:
Just got the settlement cheque through :)

Settled at £8,765 and keeping the car.
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I'm confused, and 230am isn't the time to be doing mathmatics, but doesn't this mean that you in fact didn't get what you wanted for the car?
Muncher said:
Market value approx £12k+ and as I was hit my a third party I will be offered the salvage back @ approx 20% of the payout amount.
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surely this means you should've got the car and £9600 pounds and not £8765?
By my sums it means they in fact gave you £10956.25- the offer of salvage @ 20% of the payout amount.

Or there is the distinct possibility my maths skills are broken. :D
 
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