no-fault car crash.... write-off... now what?

Videoman

Hi Everybody!
Well I sent off my docs to DVLA and hope that my number plate is accepted on 'retention'. I sent last years MOT, ( but think that was a mistake now ) I think that I should have included a letter instead, saying that the vehicle had no current MOT, as I reckon they will send everything back to me and tell me that I had not included the 'correct' docs... we will see.
Also, after claiming on my own insurance, they sent an examiner to inspect the car and as was expected, wrote it off - Cat C, apparently.
I chatted with him on the phone and it sounded like he was able to negotiate a little on the value , which was good, and then when I asked about 'buying back' the scrap car he stated that the insurance company would charge me 22% of the finalised value of the car prior to accident. Is the 22% actually set in stone or do they negotiate this figure? Does anyone have similar experience please?
Cheers! :-)

loskie

argue on value it may only be worth 150 for scrap

AdrianC

Videoman wrote: »

I chatted with him on the phone and it sounded like he was able to negotiate a little on the value , which was good, and then when I asked about 'buying back' the scrap car he stated that the insurance company would charge me 22% of the finalised value of the car prior to accident. Is the 22% actually set in stone or do they negotiate this figure? Does anyone have similar experience please?
Cheers! :-)

Have a look on CoPart for anything similar that's been through, or is going through, salvage auction. That'll give you a rough figure, but I'd imagine it'd be straight to weigh-in, so figure on weigh-in value. There's various online scrappies who'll tell you what they'd pay for it.

Everything's up for negotiation.

Videoman

Cheers, adrianC.
What a cracking site CoPart is! The going rate for my motor was £225 ish.... I got an email from one firm who would give me £130 and fetch it tomorrow. So obviously the rover wreck is not worth the 22% that the insurance co wish to charge me for, effectively, buying it back off them! Their 22% equates to over £500!
I am about to ring the examiner and put my figures to him. I took pics of the auction on CoPart to prove the value etc... ;-)
Here Goes!

dacouch

Videoman wrote: »

Cheers, adrianC.
What a cracking site CoPart is! The going rate for my motor was £225 ish.... I got an email from one firm who would give me £130 and fetch it tomorrow. So obviously the rover wreck is not worth the 22% that the insurance co wish to charge me for, effectively, buying it back off them! Their 22% equates to over £500!
I am about to ring the examiner and put my figures to him. I took pics of the auction on CoPart to prove the value etc... ;-)
Here Goes!

It looks like you're trying to find the cheapest offer from a trader for the salvage of your car.

The reality is the Insurer will use one national salvage company to deal with all of their written off vehicles which is easier for the Insurer and generally means they receive a better price for their written off vehicles.

If they can sell the salvage of the vehicle for 22% then that's what they will charge you. By all means negotiate the amount with them as they may have a bit of movement

Videoman

Well folks, this is what AdrianC said a few days ago...
It's confusingly worded, but you'll note that it doesn't actually say you NEED a current MOT, except for pre-60 cars (which don't normally need one...) It only says you SHOULD send the certificate in.
Well this morning, I received my NEW log book back with a NEW number for my old Rover! :beer:
I expect my retention certificate to arrive later this week!
The insurance company can take the old wreck now ! lol
No need for refurb or messing around, Get In!!
What a result!!
I wasn't too hopeful, but when AdrianC speaks, we should all listen!
Cheers!

AdrianC

Videoman wrote: »

I wasn't too hopeful, but when AdrianC speaks, we should all listen!

Even a stopped clock is right twice a day... <grin> Glad to be of help!

Videoman

~~ UPDATE ~~
I decided to get in touch with my insurance company and claim on my own policy.
They sent me a cheque within a few days which was excellent. They took off my £100 excess which is only expected.... but it has been a month now, so I will call tomorrow and see if the third party insurance has coughed-up yet and get my 100 quid back ! ;-)