My parked car got hit... how much would it cost to fix

EdGasketTheSecond

You wont get anything for your time. You will get your car repaired by the third-party insurer so long as they have reported it. If not then its an uphill struggle so be prepared for more 'unpaid' effort by yourself to get a resolution. You can of course just claim off your own insurance but The TP's insurance would be better if that is an option.

Cornucopia

Saeed wrote: »

What do you guys think of this approach?

I think you might have some fundamental misconceptions about how this works.

Your option to exchange cash only really works with the other party directly paying you (generally a lesser amount than their insurance excess). A light tap or chip could conceivably be fixed for less than £100 by a mobile repair service.

Once you get into dealing with the other party's insurance or your own, it is very unlikely you will see any actual cash. You will get your car fixed though. If you approach the other party's insurance company after they have already accepted liability then I suppose you could make them a cash offer - they can only say no, and probably will. As long as you are honest with all parties, it won't be fraud.

sheramber

The insurance company will want to use their recommended repairer and will pay no more than they quote.

They will arrange for the car to be repaired and pay direct. They will not give you the money.

As the car is 10 years old the repair will have to be economical or they will write the car off.

You can claim for you want but whether they will pay out is another matter.

Saeed

EdGasketTheSecond wrote: »

You wont get anything for your time. You will get your car repaired by the third-party insurer so long as they have reported it. If not then its an uphill struggle so be prepared for more 'unpaid' effort by yourself to get a resolution. You can of course just claim off your own insurance but The TP's insurance would be better if that is an option.

The TP has admitted liability to their insurance and their insuarnce has been in contact to tell me that they can deal with the claim directly with me.

Cornucopia wrote: »

I think you might have some fundamental misconceptions about how this works.

Your option to exchange cash only really works with the other party directly paying you (generally a lesser amount than their insurance excess). A light tap or chip could conceivably be fixed for less than £100 by a mobile repair service.

Once you get into dealing with the other party's insurance or your own, it is very unlikely you will see any actual cash. You will get your car fixed though. If you approach the other party's insurance company after they have already accepted liability then I suppose you could make them a cash offer - they can only say no, and probably will. As long as you are honest with all parties, it won't be fraud.

I'd like the money as the car is 10 yrs old and not really worth repairing, it's only worth around £2000, so if I could get ~£500 cash, I'd be happy with that. If i was going to get it repaired it would be at the point of sale so that I can maximise the value of the car before sale. Chances are someone will hit and drive off in the near future negating any benefit of getting it repaired at the present time.

sheramber wrote: »

The insurance company will want to use their recommended repairer and will pay no more than they quote.

They will arrange for the car to be repaired and pay direct. They will not give you the money.

As the car is 10 years old the repair will have to be economical or they will write the car off.

You can claim for you want but whether they will pay out is another matter.

No, I think I'll be able to choose my own repairer as I am trying to claim directly with the TP insurance, not through my own which would probably force me to go through their own repairers.

Any advice on how I can get the maximum cash would be useful.

Thanks

angrycrow

Trying to maximise your cash payment does feel a little close to how can I exaggerate my claim for financial gain, also known as fraud.

What you are entitled to is the damage caused to the car in this incident repaired, an alternative car whilst yours is being repaired.

If the car is economic to repair and repairs are completed there will be no reduction in value of the vehicle.