What does this mean? (re: insurance write off)

Over Clocker

Over Clocker

Over Clocker

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I've just received a prelimirary offer letter from the insurance company.

On it, it says:
Market Value £3000 less Salvage valued at £0 making a net figure of £ 3000.00.

The salvage of the car will remain in your possession after settlement. We suggest that you dispose of the salvage to your best advantage and replace the car as soon as possible, so you keep your losses to a minimum.

Should you have difficulty disposing of the salvage for the value shown, please contact us as we may be able to put you in touch with our own salvage agents to help you.
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So, what does that mean then??

Cheers,

Mal
 
I think it means none of your car could be salvaged, so they aren't deducting anything from their offer of £3000
 
Over Clocker said:
What am i supposed to do with a mangled car?!

It's SORN now, not driveable, and I've no where to keep it!
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Call a local salvage yard and ask them to take it away.

You might get £50 or whatever. Depends if there's any salvagable parts left intact.
 
Over Clocker said:
What am i supposed to do with a mangled car?!

It's SORN now, not driveable, and I've no where to keep it!
Click to expand...
Flog parts off it on the owners club then sell to scrappers :)
 
It means they are making you an offer of £3000 for your car, and you can keep the car. They deem your car to be worth in its present state, to them, £0. So, deducting the value of your car now from their offer means they will give you:

£3000
Your Car.

Give us full details of your car and we'll be able to tell you if its a decent offer. Zero salvage value is good - strip stuff of it like the wheels etc etc, then call a scrapyard who will at the very least offer to take the shell for free.
 
Cheers guys.

It's a 2000/X Ford Focus 1.8 Ghia, no extras, as standard.
67,000 miles
Condition prior to getting hit: poor paintwork on rear nearside door which would have been noticeable as it was quite bad.
Tax and MOT had 1 month left.

Cheers,

Mal
 
A scrap yard wont charge you to remove the car, dont let anyone kid you otherwise.

Free or they will pay you to remove it as i believe they get money back for the recycling etc.

The car i scrapped was a complete shell (i removed EVERYTHING) with an old engine in parts inside, completely worthless yet they still removed it for free.
 
Depending on damage there is good few hundred quid worth of ebay stuff left in typical Focus, anything from wheels with tyres to trim parts, seats and light clusters plus £30 to £75 from your local scrappie to tow what's left away (adverts in rags).
 
I assume it's being kept at a local salvage yeard? They will be charging the insurance company for storage, so it will need to be removed once the claim has been settled, else you will be liable for storage charges. Worst case you should be able to get a local scrap yard to collect it from where it is now.

£3k seems a very reasonable offer, you should have little difficulty finding a simmilar or better Focus for that money, if that's what you want.
 
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