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[stuart30]

My Estate has now been declared uneconomical to repair as the quote to ""bodge it"" was £1400.....im waiting to hear from insurance company either today or tomorrow with an offer,i know the first offer will be ridiculously low as they normally are but im wondering what would be a fair settlement firstly as a standard full pay out and they take the car away and secondly a payout after ive bought the car back.
Car is a 1997 2.5 GLS Tourer with 116,000 miles....Before the ""ooppss to close too that wall"" incident the car was in very good condition as per pic below.
Any thoughts would be welcome on a settlement figure.

Before..........




After......

[Marks DTM Calib]

Well I would be looking for 1400 quid as a settlement....

[DaveL]

I think the offer is very good.
 8-)
DaveL

[stuart30]

Well I would be looking for 1400 quid as a settlement....

Blimey that much....do you think thats a realistic figure,not dealt with insurance claims before so not sure how far i should push things. :-/

[Danny]

they'll take excess off that too wont they?

[stuart30]

they'll take excess off that too wont they?

Im sure they will deduct the excess before offer....excess is only £100 so shouldnt make much difference.

[Marks DTM Calib]

You have no voluntary excess then.....

The starter for ten will be a trade in price.....you want a replacement price....

[stuart30]

You have no voluntary excess then.....

The starter for ten will be a trade in price.....you want a replacement price....

No just the ""no choice"" excess.

One thing ive just realised that could throw a spanner in the works i cant find my V5 at the moment....its not where i expected it too be,can they still go ahead with the claim without it..Id have thought they could search DVLA database to verify its registered too me..?  

[Danny]

depending on the insurance company, they often dont release the payment until the V5 has been "surrendered"

[stuart30]

depending on the insurance company, they often dont release the payment until the V5 has been "surrendered"

Bugger....had it somewhere safe,just cant lay my hands on it at the moment.

Time to bite the bullet and call the insurance company and ask the question..........

[Admin]

As Mark says, they offer a value based on Glass's and CAP's trade value of the car. Always makes me laugh when they do that.... Expect an offer of £550-£600

Remind them at that point that you are not looking to trade in your car nor are you a trader,you are now in a postion where you have to look at replacing your car, so their valuation model is not applicable!

They will then say, "so what do you reckon is a fair valuation?"

I would go with £1,400. You won't get it, but in all commercial negotiations you always pitch in higher to give yourself room.

They will request information to back up your valuation. When they do, start looking on Autotrader.

If you need any more assistance, let me know. Unfortunately both myself and Mark have had to do this recently...  

[stuart30]

Just off the phone and i have two options....either accept £1050 after excess (£100) and give them the car or keep the car and a cheque for £800.

Ive said the car is worth more than the £1150 offered but the car said he was looking on auto trader as we chatted (nice bloke actually) and he said that there was plenty around my age and slightly newer making £1100/£1200 and if i wanted to refuse offer id need to send insurance company proof that id have too pay more than the current offer to replace my car like for like.

So guys what shall i do....take a grand and let them have the car or £800 and keep it,if i keep it it needs a new MOT before its allowed back on the road and will have Cat C stamped on log book.

COME ON YOU GUYS WHAT SHALL I DO.......

[tunnie]

Take the £800, and break the car. Easily get the £200 back when the car is sold in bits  

[bob.dent]

Just off the phone and i have two options....either accept £1050 after excess (£100) and give them the car or keep the car and a cheque for £800.

Ive said the car is worth more than the £1150 offered but the car said he was looking on auto trader as we chatted (nice bloke actually) and he said that there was plenty around my age and slightly newer making £1100/£1200 and if i wanted to refuse offer id need to send insurance company proof that id have too pay more than the current offer to replace my car like for like.

So guys what shall i do....take a grand and let them have the car or £800 and keep it,if i keep it it needs a new MOT before its allowed back on the road and will have Cat C stamped on log book.

COME ON YOU GUYS WHAT SHALL I DO.......

If you keep the car and take the cheque, you're going to be spending it all (and more) on sorting out the damage. I'd be tempted to take the £1050 and get a newer model even though you'll probably have to stump up a bit more cash.

[Craig_R]

Easy Take the £800 and keep the car.


Repair it yourself or strip the car and sell the bits


Craig