Write off

jimbo6977

OP .....don't bank it by doing so you are accepting the offer of £2496

Still not true

sithmaster

couriervanman wrote: »

OP .....don't bank it by doing so you are accepting the offer of £2496

I have no intention to I'm straight on the phone tomorrow morning but what do I say to them?

Shaun_of_the_Dead

jimbo6977 wrote: »

Surely there was a letter with the cheque detailing how the figure was calculated (car value, value of other items covered if any, less an excess if any, less any proportionality or additional premium due to misdeclaration at proposal if any).

Bank it anyway - better in your account than theirs.

So your advice is just to accept their offer?

couriervanman

sithmaster wrote: »

I have no intention to I'm straight on the phone tomorrow morning but what do I say to them?

You need to find prices for your car on auto trader with same mileage/condition.Its easy to filter the cars down to exact details and then print off or save a few higher price examples and send/email to insurance company

MovingForwards

Ask them for a breakdown of what the cheque is for.

How much is your excess?

What do the t&C's say about child seats as generally they are limited to a fixed maximum amount, less how old they are = what they will pay.

Shaun_of_the_Dead

sithmaster wrote: »

I have no intention to I'm straight on the phone tomorrow morning but what do I say to them?

Do you agree £3000 is a fair value?

If not, get some evidence of what cars of a similar age, condition and mileage are selling for. Let them know what it's worth.

Have you taken the insurance on finance and still have a balance for the rest of the year to pay off?

dacouch

sithmaster wrote: »

Our own insurance, but I made it perfectly clear that I want to make a third party claim.

I'm not sure you are claiming directly off your own policy but if you are the payment will normally be net of your policy excess and if you're paying the premium via instalments will often have any remaining instalments deducted.

As you have a hire care I suspect the claim for the write off is coming from the other Insurer. If this is the case then they will normally deduct the value of the "Scrap" car from the cheque so in effect you keep the old car and can either repair it or sell the vehicle to a salvage caompany

jimbo6977

So your advice is just to accept their offer?

Not at all.

Ask them for a breakdown as to how they arrived at the rather random amount.

Then look at each of the figures provided and dispute them if you feel they have got something wrong.

BUT - banking the cheque does not in any way constitute acceptance of the cheque amount in full and final settlement.

Shaun_of_the_Dead

jimbo6977 wrote: »

Not at all.

Ask them for a breakdown as to how they arrived at the rather random amount.

Then look at each of the figures provided and dispute them if you feel they have got something wrong.

BUT - banking the cheque does not in any way constitute acceptance of the cheque amount in full and final settlement.

I'd say that's just your assumption unless you've seen the accompanying letter.

sithmaster

MovingForwards wrote: »

Ask them for a breakdown of what the cheque is for.

How much is your excess?

What do the t&C's say about child seats as generally they are limited to a fixed maximum amount, less how old they are = what they will pay.

Excess is £350 but should I pay this for a non fault? It is possible to be the remaining balance to the insurance company, will have to find out tomorrow.