Car written off, insurance valuation?
Discussion
After some old bit pulled out on me Monday morning and wrecking the whole left side of my bmw and thus being written off,I had a phone call giving me a valuation earlier and they have actually offered me slightly more than I payed for it so I'm reasonably happy but people have told me that I should never accept the first value they offer?
Is this true or just a old wives tale?
Is this true or just a old wives tale?
Depends...
I had someone hit my Manta many years ago and the repair estimate was £1050 I asked for a cash settlement thinking we'd end up around £900.
He started at £1350 so I snapped his hand off before he took a closer look at the paperwork.
Take a quick look on A Trader and see what comparable cars are fetching you should be able to go out and buy a replacement this week not have to wait 6 months and travel 100 miles to find one.
I had someone hit my Manta many years ago and the repair estimate was £1050 I asked for a cash settlement thinking we'd end up around £900.
He started at £1350 so I snapped his hand off before he took a closer look at the paperwork.
Take a quick look on A Trader and see what comparable cars are fetching you should be able to go out and buy a replacement this week not have to wait 6 months and travel 100 miles to find one.
I absolutely agree never take the first offer. There's no way they make their best offer first. Write and say its an outrage your car was one of the best examples around and was worth comfortably (30% bigger figure). Then take the second offer. After that you'd spend ages arguing for pennies
bencollins4 said:
Worth a try asking for more but you may well be wasting your time, especially if they delve a bit deeper and ask for a purchase receipt.......
It doesn't matter what you paid, you're claiming what its worth. And you're under no obligation to retain a purchase receipt.jonsmart said:
Can I take into account that fact that in the past few months its had a new cooling system and 2 weeks ago has new discs and pads and calipers and then a new battery last week?
Or is that just one of those things?
Yes, I know of a case where recent work was added at invoice cost.Or is that just one of those things?
Went through the same experience last week.
Push, push and push again. They'll tell you they go by Glass' guides which reflects the market accurately. It does not. I asked the guy on the phone if he had internet access and to find me a car of the same spec for the money they were offering.
They'll tell you lots of nonsense about limits and "small amounts of leeway", but it's just that. Nonsense. He broke his "limit" twice during out 30 minute conversation.
Push, push and push again. They'll tell you they go by Glass' guides which reflects the market accurately. It does not. I asked the guy on the phone if he had internet access and to find me a car of the same spec for the money they were offering.
They'll tell you lots of nonsense about limits and "small amounts of leeway", but it's just that. Nonsense. He broke his "limit" twice during out 30 minute conversation.
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