Car Written Off - What To Do?

maddogb

AdrianC wrote: »

How odd. The three agreed value car insurance policies I currently have are all around £100/yr premium.

<re-reads first sentence of quoted post>
Well, there we go...

Sorry is there a point to that? You seem to have actually stated that all objections to my idea are nonsense..
That FV policies are freely available at very low cost?

maddogb

dacouch wrote: »

Interesting you don't actually properly reply.

You forget that Insurers are businesses and like any other business, they can offer whatever cover they want to whoever they want providing they don't breach any statutes.

Why don't you put your money where your mouth is and insure your car with Hiscox or Chubb. Your problems with the valuation of your car won't be an issue then

There was no point in replying "properly" your insane paranoid ranting basically accuses the whole country of being willing to commit insurance fraud to solve financial problems.

rs65

maddogb wrote: »

hey what a wonderful world it would be if insurers tell us the "write off" value when we take out our policies and then maybe they could consider keeping it at that for the life of the policy, might encourage people to not switch so much eh? and no more "my car was written off how much will I get?"

Wouldn't that just cause the value argument to happen at the time of taking out the policy rather than after the total loss?

A small percentage have total loss claims and a small percentage of those argue about the payout.

In your plan, there could be many people arguing about the value at inception of the policy regardless of the fact that few will ever be paid out total loss.

Aside from that, it defeats the concept of insurance and would prevent full recovery in non-fault claims.

dacouch

maddogb wrote: »

your insane paranoid ranting=

Pot, Kettle Black

JamesGreene

You cannot claim for the difference between your debt and the valuation now its to late.

Quentin

JamesGreene wrote: »

You cannot claim for the difference between your debt and the valuation now its to late.

No. It's not "too late"

It was never something that could be claimed.

jimjames

maddogb wrote: »

hey what a wonderful world it would be if insurers tell us the "write off" value when we take out our policies and then maybe they could consider keeping it at that for the life of the policy, might encourage people to not switch so much eh? and no more "my car was written off how much will I get?"

They do. It's called an agreed value. If you want to pay for such a policy you can do, I have one for my car. Only difference is that mine is appreciating not depreciating.

AdrianC wrote: »

How odd. The three agreed value car insurance policies I currently have are all around £100/yr premium..

Yep, same here. Mine is £96 this year

maddogb

rs65 wrote: »

Wouldn't that just cause the value argument to happen at the time of taking out the policy rather than after the total loss?
claims.

Exactly it means you now know what it is your paying for and are free to go elsewhere instead of being forced to trust the insurers are feeling generous and risk them not.

maddogb

jimjames wrote: »

They do. It's called an agreed value. If you want to pay for such a policy you can do, I have one for my car. Only difference is that mine is appreciating not depreciating.

Yep, same here. Mine is £96 this year

Again another post confirming all arguments against my idea are unfounded

takman

maddogb wrote: »

Again another post confirming all arguments against my idea are unfounded

I think you seem to be missing the point that these posters are talking about classic car insurance with an agreed value.
Classic car insurance can't be compared to modern car insurance and the risk of fraud is a lot lower.