Insurance Write off

[manutd2465]

My car has been written off, realistically, what percentage of the �4000 market value can I expect to get back. And how do these rip off insurance companies work it out?

[redcrx]

most insurance companies will offer you less than its value and most people accept this as final.

What you need to do is go throught autotrader or similar and find examples of costings for cars just like yours was. Look for same spec, similar mileage, same colour, service history etc to get an idea of a replacement cost.

This cost should be matched (or very close) to the offer then given by your insurers. If the first offer isnt acceptable then give them all the info you have to prove what it will cost you to replace.

Many people accept first offer as they are either unaware of what they should get or that they are desperate for a replacemtn car and dont want to spend time waiting for the payout.

good luck

[muppeteer]

an engineer checks market values against guides like parkers & then takes into account condition of the car etc.
if they dont offer you enough to replace like for like go on autotrader site & print off a few of same make & year to show it would cost more than that to replace. sometimes they wont up the offer by much becase as you can imagine people generally send in the most over inflated ads they can find.
if they insist what they are offering is enough to indemnify you, perhaps you can ask them where to find the car at this low value so you can go & buy it.

[kimba69]

go to glasses motor trade valuation website, for �3.50 you can get a true valuation of your vehicle and this is the value used by estimators and garages/dealers to value cars so this is the most realistic price. If they do not aggree with the price or valuation you can complain for free to the financial omnbusman which is the governing body for banks insurance companies etc who will do a fair investigation. look on there website, there are some cases they have resolved similar to yours