Payout When Car Is A Write Off

[bednobs]

hi, i'm in the above position for the first time ever. I have not had a offer from the insurance company yet.
how close to how much the car is actually worth do they usually offer? (my estimate taken from parkers guide, and autotrader)

[tonyav]

Try this one out, bednobs.
https://www.regit.cars/free-car-valuation/what-is-the-book-value-of-a-car

[Zacs-Master]

The best way to find out the value of your car is simply to search on Autotrader for the same make / model / engine size / mileage / similar extras. It’s easy as you can narrow Down a search to all those things.

[ladybirder]

Zacs isn't that price what someone is asking for it though, not necessarily its proper value?

[tonyav]

It will be trade values, ladybirder. Unless it is a classic car and the owner and the insurance company have agreed a value when the policy is taken out.

[TonyV]

Just pics of Renault 5 turbo.

https://www.evo.co.uk/renault/9499/renault-5-gt-turbo

[Zacs-Master]

It will be the cost which bednobs’ husband has to pay for a new or replacement 2nd hand one. Which I believe is the whole point of the post.

[tonyav]

https://financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html

[Maydup]

Whatever you are offered from the Insurance Co, you must reject it as inadeqate and you will be made a second better offer.

[TonyV]

Totally agree Maydup

[bednobs]

thanks all. And thanks tony, but its not on that either!

[wiltsman]

Be prepared for a long hard slog in getting anywhere near the correct value for your written off car. Well, you will if your insurance company is Churchill. In the end I had to go through the ombudsman, and that wasn't exactly straightforward! My advice is, don't let your insurance company grind you down.

[Baldric]

My motor was written off 15th Sept, had a loan car delivered within 36 hrs and a new car on the road 1st Oct, LV Rocks ;o)

[EDDIE51]

Remember to claim for transport while your car is being repaired.I was in the same position , I complained and got an extra £600 for car hire. ( I then bought another car for £100 which I used until my car was repaired , I then sold the 'spare car' for £350)
They normally offer 'book price' from 'Glasses Guide'.

[Deskdiary]

As has been said previously, go onto Autotrader to find the model nearest yours, with the nearest mileage and closest condition. If you can find than one so much the better. Only obtain comparisons from private sellers - it's pointless getting comparisons from dealers because their price includes a profit margin and your insurance will not cover this element.

The measure used is the current market value at the time of the loss, in other words the true measure of indemnity is to place you in the same position post-loss as you were in pre-loss, but this is difficult with cars because no two are the same.

The value you told the insurance company when you took out the policy is irrelevant - you are not insured for this amount, plus most people think their car is worth more than it actually is.

[bednobs]

they offered him 8k, but he turned it down. They then said to hime his car was extermely hard to value, and he told them he couldnt replace it or under 11k, so they said ok and gave him 11k

[Peter Pedant]

// Remember to claim for transport while your car is being repaired//

nightmare - I had TWO cars arrive at my non-driving address and not at the address of my driver

oh we will take them both home again - both cheerfully said. [fee for no service is apparently what everyone seeks after in this game]

I was on the phone at the time - at the lady at SpazzCity - who said - well they're not meant to do THAT!

one went thro my drawers whilst I was at it !

oh and they lost my injured car
I rang them and said - you know it is still at "Robbers and Fencers" - and she went sort of like 'yeah' when it was obvious she was clueless....