Help - Looking at taking a loss
Discussion
UPDATE:
So the third party insurers have sent out their own engineer to look at the damage to the car and have now written it off. This is good and bad. Good in that I didn't want the car back with that damage, bad as they have given me two scenarios:
1. £14k for the car
2. £10k Cash and the car back
Neither one is acceptable to me. Certainly not option 2!
So I am back where we started at the beginning of this thread. I've had another look today at replacing the vehicle and it will cost me 16k-17k to get a replacement like for like car matching age, spec, condition & mileage. This is what I feel I am due.
£14k gets me a car that is generally older, more miles and less spec. This is not like for like.
I've spoken to my accident management company and have put together an email showing examples currently for sale and asking them to source me a like for like replacement or increase their offer. Is there anything else I should be doing?
Any help duly appreciated.
So the third party insurers have sent out their own engineer to look at the damage to the car and have now written it off. This is good and bad. Good in that I didn't want the car back with that damage, bad as they have given me two scenarios:
1. £14k for the car
2. £10k Cash and the car back
Neither one is acceptable to me. Certainly not option 2!
So I am back where we started at the beginning of this thread. I've had another look today at replacing the vehicle and it will cost me 16k-17k to get a replacement like for like car matching age, spec, condition & mileage. This is what I feel I am due.
£14k gets me a car that is generally older, more miles and less spec. This is not like for like.
I've spoken to my accident management company and have put together an email showing examples currently for sale and asking them to source me a like for like replacement or increase their offer. Is there anything else I should be doing?
Any help duly appreciated.
jonamv8 said:
Cheers.
Just put an email over to them with examples to match my age, spec, mileage etc at 16k+ and what I could get for £14k, which were nothing like my old car. Had to use eBay and Pistonheads classifieds as Autotrader has been offline all morning. Frustrating
put the shoe on the other foot.Just put an email over to them with examples to match my age, spec, mileage etc at 16k+ and what I could get for £14k, which were nothing like my old car. Had to use eBay and Pistonheads classifieds as Autotrader has been offline all morning. Frustrating
could they provide an example of a car at £14k?
I have been in this situation with a motorbike theft, and a laptop claim; both times I had them looking for examples.
So I have heard back and now they are claiming that my car had previous accident damage! This car was immaculate apart from some wheel scuffing and certainly wasn't CAT C CAT D etc so how would any damage that was unnoticeable affect value??
See their response:
"Please refer back to engineers report. They inspected the vehicle and noticed that vehicle has signs of repair following a previous accident.
The independent motor engineer placed a value of £14,400 which we initially felt was high given the example I sent yesterday showing a less value.
Your client has then sent an advert from a main dealer website showing a slightly better spec vehicle. Whilst we felt this did not justify an increase on its own, we decided to raise the PAV anyway to match your independent engineers report. We did this without deducting any further salvage amount.
We will have no further offers to make in relation to increasing the PAV. "
I have not seen the example they claim to have sent.
Also I sent them examples of about 10 vehicles, not just a main dealer advert.
They are also threatening to remove me from hire, ie placing further pressure on me to just accept their offer which leaves me out of pocket, or having to get an inferior replacement vehicle.
See their response:
"Please refer back to engineers report. They inspected the vehicle and noticed that vehicle has signs of repair following a previous accident.
The independent motor engineer placed a value of £14,400 which we initially felt was high given the example I sent yesterday showing a less value.
Your client has then sent an advert from a main dealer website showing a slightly better spec vehicle. Whilst we felt this did not justify an increase on its own, we decided to raise the PAV anyway to match your independent engineers report. We did this without deducting any further salvage amount.
We will have no further offers to make in relation to increasing the PAV. "
I have not seen the example they claim to have sent.
Also I sent them examples of about 10 vehicles, not just a main dealer advert.
They are also threatening to remove me from hire, ie placing further pressure on me to just accept their offer which leaves me out of pocket, or having to get an inferior replacement vehicle.
jonamv8 said:
So I have heard back and now they are claiming that my car had previous accident damage! This car was immaculate apart from some wheel scuffing and certainly wasn't CAT C CAT D etc so how would any damage that was unnoticeable affect value??
See their response:
"Please refer back to engineers report. They inspected the vehicle and noticed that vehicle has signs of repair following a previous accident.
The independent motor engineer placed a value of £14,400 which we initially felt was high given the example I sent yesterday showing a less value.
Your client has then sent an advert from a main dealer website showing a slightly better spec vehicle. Whilst we felt this did not justify an increase on its own, we decided to raise the PAV anyway to match your independent engineers report. We did this without deducting any further salvage amount.
We will have no further offers to make in relation to increasing the PAV. "
I have not seen the example they claim to have sent.
Also I sent them examples of about 10 vehicles, not just a main dealer advert.
They are also threatening to remove me from hire, ie placing further pressure on me to just accept their offer which leaves me out of pocket, or having to get an inferior replacement vehicle.
If you had claimed from your own policy then assuming you were not aware the car was previously written off and could not reasonably be expected to know, then your Insurers would be obliged to pay the standard price for the car eg without deducting for the car being previously written off. By using your friend you don't have this optionSee their response:
"Please refer back to engineers report. They inspected the vehicle and noticed that vehicle has signs of repair following a previous accident.
The independent motor engineer placed a value of £14,400 which we initially felt was high given the example I sent yesterday showing a less value.
Your client has then sent an advert from a main dealer website showing a slightly better spec vehicle. Whilst we felt this did not justify an increase on its own, we decided to raise the PAV anyway to match your independent engineers report. We did this without deducting any further salvage amount.
We will have no further offers to make in relation to increasing the PAV. "
I have not seen the example they claim to have sent.
Also I sent them examples of about 10 vehicles, not just a main dealer advert.
They are also threatening to remove me from hire, ie placing further pressure on me to just accept their offer which leaves me out of pocket, or having to get an inferior replacement vehicle.
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