Car damaged in floods, never made a claim before..
Discussion
My car has been flooded and I don't know whether it will be classes a write off or not, I have informed my insurance and they have taken the car away today via a recovery truck. It starts fine and ticks over ok but water and mud filled the footwells and everything is soaked. The airbag light is also now constantly on.
It's a Skoda Fabia 1.2 Classic 5dr, bought for £2000 2 weeks ago with 2 other owners, 10 months mot, immaculate inside and out before this and 53000 miles on the clock, it's an 04 model with metallic paint, I have £300 excess and £150 left to pay on my policy, what can I expect?
I have a courtesy car on my policy but they have told me I can have one until its looked at and deemed a repair not a write off.
Thanks!
It's a Skoda Fabia 1.2 Classic 5dr, bought for £2000 2 weeks ago with 2 other owners, 10 months mot, immaculate inside and out before this and 53000 miles on the clock, it's an 04 model with metallic paint, I have £300 excess and £150 left to pay on my policy, what can I expect?
I have a courtesy car on my policy but they have told me I can have one until its looked at and deemed a repair not a write off.
Thanks!
Absolutely gutted, thought I'd got a bargain and especially with the mileage and condition of the car, inside and out it was immaculate bar one hairline small scratch on front bumper.
Having paid £2000 cash I have a feeling I am going to lose out financially here, I can't find a similar model and mileage in my area for anywhere near that price!
How long in general do they take to give you a figure? The recovery truck picked it up today but I don't believe a loss assessor has looked at it yet.
Having paid £2000 cash I have a feeling I am going to lose out financially here, I can't find a similar model and mileage in my area for anywhere near that price!
How long in general do they take to give you a figure? The recovery truck picked it up today but I don't believe a loss assessor has looked at it yet.
OP, arm yourself with an online copy of the Glass valn service as a starter which lists trade, private & retail valns of your car with mileage adjustment & also has condition explanations. Also see what is on the net with Auto trader & ebay & take copies of the ads ready to negotiate hard & definitely don't accept the first offer made. Also make sure you are allowed to get a refund on the car tax if there is more than 1 month left (it all counts).
BFG TERRANO said:
Buy it back from your insurers, clean it up job done.
I don't really think that stripping a car out and cleaning it up is what most people would look to do in this situation though!OP - start arming yourself with adverts for similar cars now, the insurance company need to be making an offer around abouts the price it would cost you to replace...
OP, sorry to hear about this situation, ever so unlucky! All the best getting a swift and fair settlement.
I've often wondered how, if you have very recently bought a used car and can, as in the OP's case, easily argue that is value can not have changed at all since you paid £x for it, any insurer could ever pay out less than £x? I mean, unless you paid substantially (25%+) over the market value, it's obvious that the car is worth that amount. What's their reasoning?
I've often wondered how, if you have very recently bought a used car and can, as in the OP's case, easily argue that is value can not have changed at all since you paid £x for it, any insurer could ever pay out less than £x? I mean, unless you paid substantially (25%+) over the market value, it's obvious that the car is worth that amount. What's their reasoning?
I haven't had a courtesy car as ageas have stated I can only have one if the assessor states it can be repaired, I apparently am not entitled to one in this interim period, odd I think.
So it's worth paying for the glasses price then? I'll gather a list of similar prices so I have it ready when they provide me with a quote, would it really be worth buying it back? Do you think I could restore it (99% sure engine untouched, interior is wet but able to be professionally valeted, main problem is air bag light on
So it's worth paying for the glasses price then? I'll gather a list of similar prices so I have it ready when they provide me with a quote, would it really be worth buying it back? Do you think I could restore it (99% sure engine untouched, interior is wet but able to be professionally valeted, main problem is air bag light on
I assume you have a receipt and proof of purchase as was only two weeks ago.
Then when assessor calls to discuss value advise him of all of this. You can get bank statement showing cash withdrawal etc they may well take pity on you (I hope) as they are meant to be independent. Do you also have the advert that seller did (or get the seller to send you a copy, I always do this just in case) hope it goes well.
On a side note most insurers only give a courtesy car out of courtesy if they are repairing yours, yours unfortunately is unlikely going to be repairable, go and empty it of CDs etc
Good luck
Then when assessor calls to discuss value advise him of all of this. You can get bank statement showing cash withdrawal etc they may well take pity on you (I hope) as they are meant to be independent. Do you also have the advert that seller did (or get the seller to send you a copy, I always do this just in case) hope it goes well.
On a side note most insurers only give a courtesy car out of courtesy if they are repairing yours, yours unfortunately is unlikely going to be repairable, go and empty it of CDs etc
Good luck
... PS don't tell the assessor what you paid until they offer as they may offer more than you think. Ageas are one of the best insurers and have 24hr body shops.
I had a client that got a deal on a Peugeot 206GTI and wrote it off a couple of months later and they paid higher than what he paid for it ie the market value. In your case good long MOT, service history and low mileage.
Again good luck
I had a client that got a deal on a Peugeot 206GTI and wrote it off a couple of months later and they paid higher than what he paid for it ie the market value. In your case good long MOT, service history and low mileage.
Again good luck
Scantily said:
BFG TERRANO said:
Buy it back from your insurers, clean it up job done.
Don't do this. It's a flood damaged car, you could be plagued with electrical problems for a long time after you've cleaned it up.Ps Ageas will not deduct the £150 just continue to pay for policy and do a change of vehicle. (Don't buy back as you will end up with even less. They will make deduction for salvage, (normally circa 15%) therefore another £300 off leaving you with £1500 and a car that will be prone to faults.
PM me if you need a hand
PM me if you need a hand
OP, arm yourself with an online copy of the Glass valn service as a starter which lists trade, private & retail valns of your car with mileage adjustment & also has condition explanations. Also see what is on the net with Auto trader & ebay & take copies of the ads ready to negotiate hard & definitely don't accept the first offer made. Also make sure you are allowed to get a refund on the car tax if there is more than 1 month left (it all counts).
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