Admiral writing off a 3 month old car
Discussion
Quick question.
A friend of mine has a 3 month old Evoque. She is insured with Admiral.
While it was parked on the road, it was driven into and written off. The accident was witnessed, so it's a no contest 3rd party claim.
The 3rd party is ALSO insured with Admiral.
I know many insurance companies have a "new for new" policy if you write off your car in the first X months, usually 6 or 12 months. I also know that Admiral are one of the worst insurance companies and don't offer a "new for new" clause in their fully comp policies.
I understand that if my friend had written off the car herself, she would be getting market value on a first party claim.
Does the dynamics of this change as it's a third party claim?
The Evoque is financed and she doesn't have gap insurance. As it is a 3rd party claim I would hope that at very least, the finance owed on the car would be settled, or they get her a new car. Isn't that the point on non-fault claims, to put you back into the position you were before?
A friend of mine has a 3 month old Evoque. She is insured with Admiral.
While it was parked on the road, it was driven into and written off. The accident was witnessed, so it's a no contest 3rd party claim.
The 3rd party is ALSO insured with Admiral.
I know many insurance companies have a "new for new" policy if you write off your car in the first X months, usually 6 or 12 months. I also know that Admiral are one of the worst insurance companies and don't offer a "new for new" clause in their fully comp policies.
I understand that if my friend had written off the car herself, she would be getting market value on a first party claim.
Does the dynamics of this change as it's a third party claim?
The Evoque is financed and she doesn't have gap insurance. As it is a 3rd party claim I would hope that at very least, the finance owed on the car would be settled, or they get her a new car. Isn't that the point on non-fault claims, to put you back into the position you were before?
Iva Barchetta said:
I'd like to go down the avenue of knowing what the damage is to such an expensive car to write it off.
How much is an Evoque 30 ?...40K ?
Market value looks to be about 34k. They were going to repair it, but apparently they've found more damage and have decided to write it off. How much is an Evoque 30 ?...40K ?
They took the OSR wheel clean off, so I suspect they've found all the chassis mountings at the back are twisted.
Thanks for all the advice guys, good to know!
Thanks to a large deposit the total amount owed on the finance is well below the market value so there won't be any shortfall for finance, but it looks like she will be out of pocket, and that's a real shame for something not her fault.
I'll advise her to push for a repair, and get a second quote from another garage. It must be borderline write off.
Thanks to a large deposit the total amount owed on the finance is well below the market value so there won't be any shortfall for finance, but it looks like she will be out of pocket, and that's a real shame for something not her fault.
I'll advise her to push for a repair, and get a second quote from another garage. It must be borderline write off.
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