SCJP

Gents,

I had a little spin in my car a couple of weeks ago, causing a fair bit of damage to the poor old girl. I have an agreed valuation of £8k on her, however it looks like the repair bill will be dangerously close to this sum.

Does anyone know (with some certainty) at what level the insurers will throw in the towel & tell me to sod off with £8K?

She's worth a fair bit now so I'm kicking myself for simply renewing the policy earlier this year, instead of going through the revaluation rigamarole.:crazy:

Tinytom

You can always get the insurers to have a look at at. You dont have to claim if you dont like thier offer.

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SCJP

Yep, that's one option, there are a few, but also a few variables, hence I'm trying to get as much info as possible.

leeston

nine pack may be the best to speak to on this, he used to be an insurance motor engineer

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Nine Pack

With pre agreed value policies (assuming that the vehicle had a full appraisal by the insurers engineers at policy inception, as opposed to you just being asked over the phone what you thought it was worth. They are not the same thing so please be sure on this), the vehicle can still just as easily be declared beyond economical repair, (total loss). Depending on the catagory of total loss that is applied, you could opt to retain the salvage (which will reduce the claim payout slightly) & have the repairs carried out yourself by your own choice of repairer. This would apply if the vehicle is declared cat C or D. If you do this, you must do so being aware that the car's future value is seriously reduced as it will be recorded as an insurance total loss on the MIAFTR register (Motor Insurers Anti Fraud & Theft Register) which links up to all the HPi checks that consumers can access for a fee. Your insurer is bound by law to register the vehicle on MIAFTR.

It may be that the vehicle can then only be insured for market value, which would take into account the previous total loss so check this out too.

My advice here, let the car go if they do total loss it, whatever catagory. From experience, the car will never be the same again, and you may feel resentful about the future value of the car. I have seen so many people try to repair a classic after a T/loss & they are NEVER happy with the repairs as in general they were familiar with every square inch of the car & know that it is no longer the unblemished gem it used to be. I've seen people take a t/loss settlement, less the salvage value so they can retain the car, only to then find that they are not happy with the repairs they have arranged, and they go back to thier insurer cap in hand asking for the full t/loss valuation. Sadly, by this time, it's too late & they are then stuck with a car that is almost impossible to sell due to it's condition and accident history.

Let it go my friend. Thank it for the good times, kiss it on the bonnet & wave goodbye.

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leeston

wow Paul. I began my life in insurance dealing with Motor claims in an office. On all similar cases as this we relied on you guys for assistance. I fully understand what you have put above had forgotten half of it. Thanks for the lesson.

Agree with Paul here. I recall many people taking the salvage back themselves only to find they were not happy with the repairs. At this stage the insurers have washed their hands of it and wont want to know.

Bite the bullet mate and buy a new car instead - and drive it sensibly!

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Robsta

You and your driving.......:confused:

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Robsta

TH&S

Cheapest way to buy a 996? Get a Cat D one...

Easiest way to lose money on a 996 (barring driving a new one off the forecourt)? Get a Cat D one...

Cat Ds are only good if you can pick them up for peanuts and have them fixed for a similar amount / you don't plan to sell. As said above you will tend to have problems with them which will just frustrate you...

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D: 220 | B: 110 | S: 170 | Target: 550

SCJP

Some interesting feedback, thanks chaps.
Yep, & I can't even pin the blame on a bloody trucker....

After a chat with my garage last week, I've already made the decision to accept the write off if that's what the insurers decide, however the old girl wasn't perfect when I acquired her so I am likely to be happy with any repairs, but I will not be buying her back from the insurers.

I just want to try & establish the repair cost at which she'll be written off.

13stonetarget

Sounds like great advice to me.

Robsta

lol....:love:

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SCJP

Rather than have her written off I'm taking cash in lieu of repairs.

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Nine Pack

From the looks of it, the car may not have suffered any structural damage anyway (the shut lines on the bonnet seem to have the normal gaps for that model, i.e huge) & there's plenty of vette specialists in the UK that could repair it. It may even improve the car's appearance as the front would need blending in, getting rid of the stone chips.

Now in future, if there's even a hint of moisture in the air, leave it on the drive. Those things can swap ends even when the engine is turned off & the car's parked!

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SCJP

She's safely tucked away at a specialists in the east country now, waiting her turn for some TLC.

There was some very minor 'structural' damage to the suspension, but most of it is aesthetic, which accounts for the bulk the of the repair cost.