Car insurance hail damage

stevefizz

Sorry to trouble you


I'v got a problem


My Saab got damaged with the hail

Nation wide want to repair it, the quote was £3,200

The car's only worth about £3,600. (3,000 trade in)

Do you think i will be able to get them to right it off some how?

Other wise im going to endup paying £600 excess to have it fixed and then trade it in for 3000

Thanks

Steve

huckster

I think the Insurers are possibly getting the repair done cheaper than the quoted amount. To my knowledge Insurers often write off cars, if the actual repairs costs to be paid are more than 60% of the cars market value. The reason for this is that with extensive repairs, it can prove to be a pain in the *ss, with arguments about the repairs. However, perhaps if the repairs are straightforward with glass and various panels replaced, they don't think there will be any issues with the repairs, so as it is a cheaper option, they are willing to do this.

You could agree to a write off at the value of the cost of repair to the Insurers, rather than the current market value. Speak to your Insurers about this.

forgotmyname

If they write it off and value it at £3000 then you will only get £2400 though wont you?

They take the excess off in the write off amount.

If its worth £3000 as a part ex they may offer that amount or even less?

vaio

But surely the write off value as far as the insurers are concerned is the retail cost to replace it and not the trade in value

stevefizz

I'v just got a friend to lookup the Glass's retail price £4,400

Glass's Guide: This gives two figures – the retail value (which we usually use) and the trade value. The back of the guide includes tables which show how to adjust values for higher/lower than average mileage differences. Some of the cases we uphold are where the insurer has used Glass’s Guide but taken a short-cut, such as just averaging the retail and trade prices for a higher-mileage vehicle.

forgotmyname

vaio wrote: »

But surely the write off value as far as the insurers are concerned is the retail cost to replace it and not the trade in value

Seems they try and offer you as little as possible, Hoping you need the money to buy another car.
Sometimes it takes you a while to get a figure your happy with.

If someone went to a main dealer and bought the same car i did in 2009 they would have paid well over double what i did.

In my case their offer would be easily enough to buy another one.
May actually be a profit in it?

Some people assume their cars are worth lots when popping them through an auction would have them weeping.

And then they claim the money back by increasing the premium for the next 5 years or so. Either way the excess will come off it.

vaio

stevefizz wrote: »

I'v just got a friend to lookup the Glass's retail price £4,400 ........

That will be why they are repairing it at a cost of £3.2k although that's still close to write off territory.

If they do write it off then you should be looking at a £4.5k payout (less excess of course)

Just_Some_Guy

If you pay monthly and have your car written off then your insurer will probably want the rest of the year's premium paid up as well as the excess. If you still want it written off then the best thing is to call the insurer and explain the situation. Your insurer could stick to their guns and insist on repairing it but this is quite a marginal case and if you start getting annoying they might write it off for you just to make you go away.