Been In an Accident - Advice Please?

Retrogamer

I've just been in a car accident

Just my luck, i had the dash cam running but the impact was so bad from the crash the dash cam rebooted and didn't save that clip :mad:

I'm going to inform my insurance about the accident tomorrow when i feel less shaken and to make sure me or my passenger don't get pains overnight but i have some questions.

My car is valued with with all mods declared for £1500
How much am i likely to get for the car? Bearing in mind the mods are declared and i've lots of receipts for almost all of them so it wouldn't be fair for the insurance to compare it with a standard car of it's year. (It's a 90's Corsa)

Should i claim from my own insurance then let them chase it? I'm thinking if i do this i'll be less likely to receive a decent pay out for the value of the vehicle.

He pulled out a give way onto my side of the road. I move over a lot and he still smashed me (avoided a head on though)
So he came out the give way and the front of his car went into my side. I have a witness in my own car but non independent. Is there any way he can worm his way out of this?

Strider590

Retrogamer wrote: »

Is there any way he can worm his way out of this?

Probably claim you were speeding, his insurance will try for 50/50, but don't accept this as there is no proof. Don't mention your dashcam, it'll look suspicious that it recorded nothing.

forgotmyname

Depends on the insurance. Some are agreed value and will replace like for like.

But others will only replace with standard parts.

So if you had a base model and added spoliers from the top spec one. They wont replace them.

Same with aftermarket headlights etc. They may fit a standard headlight.

I doubt they will value it anywhere near £1500.

vaio

it depends on what the policy says but I'd have thought they will struggle to avoid paying for the mods given they have accepted the premium.

If the OP claims direct off the at fault insurer then they will certainly pay for the mods

Usernamejb

never admit Liability, inform your insurance company, get details of other driver, ensure that there is no dispute over fault(if there is ask police to sort it), get pictures of roads and vehicles, make a note of what happened(a diagram if necessary) try to find an independent witness and take details.

dacouch

vaio wrote: »

it depends on what the policy says but I'd have thought they will struggle to avoid paying for the mods given they have accepted the premium.

If the OP claims direct off the at fault insurer then they will certainly pay for the mods

Depends on the type of policy, an agreed value policy should pay the agreed value, a standard policy will (Normally) pay the pre accident value of the car. Bearing in mind that spending say £1000 on paint and modifications may have little or no effect on the market value of the car.

maninthestreet

£1,500 for a 90's Corsa? Would any third party insurer pay out that much?

Jamie_Carter

maninthestreet wrote: »

£1,500 for a 90's Corsa? Would any third party insurer pay out that much?

Not unless it was 1999 in excellent condition, and standard.

vaio

dacouch wrote: »

Depends on the type of policy, an agreed value policy should pay the agreed value, a standard policy will (Normally) pay the pre accident value of the car. Bearing in mind that spending say £1000 on paint and modifications may have little or no effect on the market value of the car.

Yep, what his own policy will pay depends on the T&C but if he claims direct off the at fault party then surely whilst ordinarily they will pay pre accident value strictly speaking they need to pay replacement cost and put the innocent party back in the position he was in before the accident..

For a heavily modified (boy racer or say disabled) where there is no real market for them then if it means buying a standard car and paying extra to have the modifications duplicated then that is what should happen.

Retrogamer

maninthestreet wrote: »

£1,500 for a 90's Corsa? Would any third party insurer pay out that much?

Jamie_Carter wrote: »

Not unless it was 1999 in excellent condition, and standard.

It is the latter. CDX (top trim) with the rare 1.5td engine. Not standard, but not chavved out either. Mostly OEM type modifications

I don't expect the full £1500, but i don't want £600 either if you know what i mean

Just got a voicemail from the other insurance company now, offering to deal with me directly.
They've informed me their client has admitted full liability for the accident.

Am i best dealing with them directly and informing my insurance and broker for logging purposes, or would i be better off letting them deal with it on my behalf?

I prefer the former so i'm i have a bit more control. If i chose the former and during the claim process didn't think i was getting what i deserved, can i then opt for my insurer to step in for me?

arcon5

Deal with them directly. They'll probably move faster to avoid you going to a claims management company which will cost them more money