Car Insurance Settlement for a "Right-Off" - Advice Please

denisehealy1970

I was recently hit by another car and claimed with my insurer (Admiral) for the damage. As the car is 10 years old they have decided that it is uneconomical to repair (despite only bodywork damage). They've informed me of a settlement they believe the car is worth and insisted that they will not pay anymore.

I feel as though I'm being held to ransom as a quick search on autotrader shows next to no equivalent cars for the settlement price.

Is there anything I can do to get a fairer price for my beloved car, that I'd happily have back if repaired?

Thanks in advance for any thoughts or advice!!!

s_b

read here
http://www.financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html

what normally happens is they send a self employed assessor out and he basically kicks you to a low price,this way he earns more commission for himself and less payout for the insurer
accident not your fault
do you have insurance protection? this is usually sold by a 3rd party and is a big help in cases like this
these people usually just base values on glasses guide and do not look at the real market in the bigger picture

fight it

Arg

Another scam of the insurance industry. You would think if they ask how much your cars worth then they would insure it to that amount.

AHAR

You got the right wrong - it's write-off

vax2002

I take it the RTC was your fault, hence why you are claiming on your insurance.

Ilona

My car was written off, not my fault. I rang the main Ford Dealer where I bought it four years previously and asked them what price they would be asking if it was on their forecourt for sale. They told me and I agreed that was what I thought, and that is what the insurance company paid me. I must have been lucky because I have heard many people say they hadn't been offered enough. I was told by several people not to accept the first offer but ask for more. I didn't because they gave me a fair price.
Ilona

Sponge

Presumably this was a 'hit and run' incident, or else you'd be claiming off the other party's insurance?

You need to collect evidence proving the insurance company's offer is too low. Get prices from dealers, auto trader, classifieds, online valuation, etc. Do this and then go back to them.

birkee

AHAR wrote: »

You got the right wrong - it's write-off

:rotfl:

It's like advertising though isn't it?
Gets your attention, and makes you think about it for a spell. :rotfl:

denisehealy1970

Sorry, I have called my insurance company and they will be claiming from the other driver's insurance. This is my first ever accident so I may have got some terminology wrong The accident was the other driver's fault as he reversed into the side of my car as I was driving along the row of parked cars (that he was part of).

Another HUGE thank you for your advice and help! I will keep you all posted.

dacouch

So your running the gauntlet of the dreaded Albany Assistance

devon_scouse

Get adverts out of Auto Trader, local paper and send them to your insurance company. Don't accept first offer. When I had my car written off this is what I did they even give me more than I asked for. Good Luck