View Full Version : its a write off
rs new boy
27-10-2008, 11:44
insurance man has been and looked at the car today and said its a write off :( said to him i wanted to buy it back so we wil see how it goes heres a few pics for anyone who never seen it
http://i50.photobucket.com/albums/f315/myrs2000/DSCF0384.jpg
http://i50.photobucket.com/albums/f315/myrs2000/DSCF0380.jpg
what does he know! prolly deals with shoppiing cars on a daily basis
buy it back for next to nothing and get it repaired yourself
paul spence
27-10-2008, 11:57
what does he know! prolly deals with shoppiing cars on a daily basis
buy it back for next to nothing and get it repaired yourself
spot on that neil
get it brought back mate, too good a car to scrap :D
RS2000EXPRESS
27-10-2008, 12:01
Looks like a good way to go for you. Good Luck!;)
rs new boy
27-10-2008, 12:03
what does he know! prolly deals with shoppiing cars on a daily basis
buy it back for next to nothing and get it repaired yourself
your right he only knows new cars it was a right off before the sheet was taken off he said his company wouldnt touch it to old
anyone got an idea how much the insurance company will want for it :confused: ive got agreed value of £7000
daytona_2000
27-10-2008, 12:14
£1500/£2000 max , your missus could have done you a favour should be quids in .
RS2000EXPRESS
27-10-2008, 12:19
£1500/£2000 max , your missus could have done you a favour should be quids in .
http://bbs.rallyesportescorts.co.uk/images/icons/icon14.gif
If we go to all this trouble in getting agreed valuations from specialist insurers, why do they always send out jo blogs assessors who know nothing about these cars values:mad::mad::mad::mad::mad:
daytona_2000
27-10-2008, 12:28
hey **** it i am going to jump on my roof and get some cash for christmas. :D
RS2000EXPRESS
27-10-2008, 12:30
If we go to all this trouble in getting agreed valuations from specialist insurers, why do they always send out jo blogs assessors who know nothing about these cars values:mad::mad::mad::mad::mad:
..............and another problem lies if someone hits you! You are then relying on their sometimes crap car insurance, and that's if they are insured!:mad:
£1500/£2000 max , your missus could have done you a favour should be quids in .
http://bbs.rallyesportescorts.co.uk/images/icons/icon14.gif
Tim, if you ever get short, I could jump on your roof if you like :eek: ;) :D
dont forget it will show up as CATD on HPI, no big deal if you plan on keeping the car
when you come to sell it, it may put people off if they get the car checked
Tim, if you ever get short, I could jump on your roof if you like :eek: ;) :D
oohh the roof would meet the floor even with the seats in the way, aled's a big lad :rolleyes:
only one option now, besides, you've always promised yourself an X
;)
http://i190.photobucket.com/albums/z229/grumh/pic0231Small.jpg
Don't you just hate insurance companies :mad:
Get the £7k and buy it back for £1500. At worst you can put a new roof skin on it :thumbright:
RS2000EXPRESS
27-10-2008, 16:51
oohh the roof would meet the floor even with the seats in the way, aled's a big lad :rolleyes:
I did'nt want to say that Graham, but cheers mate all the same.:thumbright:
petrolhead
27-10-2008, 17:08
Let me have it!!:D
£2000 very max it should cost you to get it back.
Just wrote off a 'w' X5 bloke got it back for £1600.
how can a dent (ok it is rather large.. but still) in the roof write off a car :confused: :scratch:
rs new boy
27-10-2008, 18:21
the only thing i can say is always have an agreed value ;) and always be fully comp hopefully there will be no problems with the payout and should be sorted out shortly :D
RS2000CUSTOM
27-10-2008, 18:22
how can a dent (ok it is rather large.. but still) in the roof write off a car :confused: :scratch:
Because it is easier for an Insurance Engineer to put a pen through the paperwork and say it is a Total Loss
The engineer gets paid per job (particularly Independent Engineers) so off he toddles to his next pay day oops I mean Insurance Assessment
As for your valuation who carried it out ?
Was it a self assessment ?
Or was it carried out by The RSOC ?
I go back to my previous posts on valuation - You can say its worth whatever you like but it is how you prove how you came to the valuation that helps if your insurance company only offer you a low amount.
What estimate did you submit to the engineer ?
I reckon it would have been £2500
So I would worry if the enginneer is able to write-off your £7k car :confused: for a £2500 repair
Sounds to me like the engineer has a put his own low valuation on your car.
rs new boy
27-10-2008, 18:54
Because it is easier for an Insurance Engineer to put a pen through the paperwork and say it is a Total Loss
The engineer gets paid per job (particularly Independent Engineers) so off he toddles to his next pay day oops I mean Insurance Assessment
As for your valuation who carried it out ?
Was it a self assessment ?
Or was it carried out by The RSOC ?
I go back to my previous posts on valuation - You can say its worth whatever you like but it is how you prove how you came to the valuation that helps if your insurance company only offer you a low amount.
What estimate did you submit to the engineer ?
I reckon it would have been £2500
So I would worry if the enginneer is able to write-off your £7k car :confused: for a £2500 repair
Sounds to me like the engineer has a put his own low valuation on your car.
it was a self assessment which came with my aon paperwork i filled it in and sent photos i asked on the phone to aon about the agreed value they said fill it in and if there was any problem they would be in touch . ive only just renewed my insurance and this and the previous insurance certificate says agreed value £7000
All a bunch of Tosse**,
when mine got "damaged" it was writen off first time, argue and ask "do you realise how much these cost"?
RS2000CUSTOM
27-10-2008, 19:43
it was a self assessment which came with my aon paperwork
Having dealt with insurance companies on a day to day basis at my previous job all I would say is regarding self assessment - PROVE IT !
Have together all relevant info for your car proving how you came about your own valuation.
rs new boy
27-10-2008, 20:28
Having dealt with insurance companies on a day to day basis at my previous job all I would say is regarding self assessment - PROVE IT !
Have together all relevant info for your car proving how you came about your own valuation.
why does a insurance company give you a agreed value if they would of wanted a valuation done by the rsoc i would of had it done .
PROVE IT :confused: what would happen if i got given the car for nothing what do i do, put a value on it as nothing on my agreed value form because thats how much i paid for it as far as im concerned the value i put on it is how much it would cost to replace :(
if they pay out an buy it back for 1.5 - 2k your laughing all the way to the bank (don't go to an icelandic one though) ;) :D :D
RS2000CUSTOM
27-10-2008, 21:02
why does a insurance company give you a agreed value if they would of wanted a valuation done by the rsoc i would of had it done.
Found this on the Insurance Ombudsman website
Seems they get lots of "Valuation" complaints
http://www.financial-ombudsman.org.uk/publications/ombudsman-news/66/66-vehicle_valuation_disputes.html
64/04
motor vehicle insurance – dispute over insurer’s valuation – classic car insured on ‘agreed value’ basis
When Mr H bought a classic car, he took out a motor insurance policy on an ‘agreed value’ basis rather than on the more usual ‘market value’ basis.
Such policies are generally taken out only by owners of classic or particularly valuable cars, where the value is unlikely to depreciate substantially – if at all.
The value of the vehicle is agreed in advance and insurer is then obliged to pay that amount if the car is lost or damaged beyond reasonable repair. However, the insurer is not obliged to pay for the replacement cost of the vehicle.
Mr H agreed the value of his classic car under this policy was £2,500. Unfortunately, the car was badly damaged when Mr H was involved in an accident. The insurer took the view that it would cost more than £2,500 to remedy the damage, so it offered him £2,500, in settlement of the claim.
Mr H thought that this figure was far too low. He told the insurer that, bearing in mind the good condition of the car before the accident, it would cost between £4,000 and £5,000 to replace. He therefore wanted the insurer to pay that amount.
complaint not upheld
We noted that Mr H had renewed his annual policy twice – on the 'agreed value' basis – before the claim in question. The policy terms, which had been clearly stated in the policy documents, said that Mr H was entitled to receive the ‘agreed value’ of the car – not the cost of replacing it. So we told him we could not uphold his complaint
because thats how much i paid for it as far as im concerned the value i put on it is how much it would cost to replace :(
if you have a reciept then you have your proof, if not, a letter from the previous owner should suffice :D
RS2000CUSTOM
27-10-2008, 21:15
The value of the vehicle is agreed in advance and insurer is then obliged to pay that amount if the car is lost or damaged beyond reasonable repair.
Keep this bit safe and to hand as I feel your engineer has written off the car too quickly !
Remember a vehicle with a "Cat" marker against it will instantly lose 1/3rd if not more of its value.
By all means settle for a cash in-lieu of repair basis but on the understanding it is NOT written off.
rs new boy
27-10-2008, 21:19
Found this on the Insurance Ombudsman website
Seems they get lots of "Valuation" complaints
http://www.financial-ombudsman.org.uk/publications/ombudsman-news/66/66-vehicle_valuation_disputes.html
64/04
motor vehicle insurance – dispute over insurer’s valuation – classic car insured on ‘agreed value’ basis
When Mr H bought a classic car, he took out a motor insurance policy on an ‘agreed value’ basis rather than on the more usual ‘market value’ basis.
Such policies are generally taken out only by owners of classic or particularly valuable cars, where the value is unlikely to depreciate substantially – if at all.
The value of the vehicle is agreed in advance and insurer is then obliged to pay that amount if the car is lost or damaged beyond reasonable repair. However, the insurer is not obliged to pay for the replacement cost of the vehicle.
Mr H agreed the value of his classic car under this policy was £2,500. Unfortunately, the car was badly damaged when Mr H was involved in an accident. The insurer took the view that it would cost more than £2,500 to remedy the damage, so it offered him £2,500, in settlement of the claim.
Mr H thought that this figure was far too low. He told the insurer that, bearing in mind the good condition of the car before the accident, it would cost between £4,000 and £5,000 to replace. He therefore wanted the insurer to pay that amount.
complaint not upheld
We noted that Mr H had renewed his annual policy twice – on the 'agreed value' basis – before the claim in question. The policy terms, which had been clearly stated in the policy documents, said that Mr H was entitled to receive the ‘agreed value’ of the car – not the cost of replacing it. So we told him we could not uphold his complaint
the man in question valued his car to cheap he should have done a bit more research into the value of his car so he got the agreed value exactly what was written on his insurance document
RS2000CUSTOM
27-10-2008, 21:24
the man in question valued his car to cheap he should have done a bit more research into the value of his car so he got the agreed value exactly what was written on his insurance document
The point was the insurance were obliged to pay the Agreed Value as a reasonable repair was more expensive
I dont call a (apprx £2.5k) roof replace on a £7k car unreasonable ?
So why has enginneer written it off then ?????
Something isnt adding up - I'd keep a careful check on the figures if I were you
I hit a car in the back ages ago in the RS2 and mine was writen off because there were no new parts available in oZ to fix it. All I did was push the front rad support panel in, 2 small tears on the nosecone and needed a new radiator. I bought it back and repaired it and it was back to looking good soon after.
At least you can get a new roof panel over there, dunno what would I'd do if it happened here!
But it back and get it done yourself. It's too good to lose.
Would an origonal ford roof pannel be available? if not wouldn't they write it off on that basis? i can't any approved repairer using a S/H pannel :confused:
hotrs2000
28-10-2008, 05:07
I'm sure Express panels do brand new roof skins if it came to the issue of second hand parts.
I would ask for a second opinion as it sounds as this bloke don't know his onions:mad: , can you not ask Escort-Tec for a estimate of repairs to do the roof and submit this to AON, as they have done this before I'm sure they could give you a very good/true price of what the repair will be:)
I Know The Guy How Came Out To Look At Your Motor Mate And I Can Tell You He Is No Muppet! He Ask Me Yesterday What I Thought The Value Of Your Car Was And I Said It Would Be At Leased £8000 ! It Is Not As Easy To Put A Price On A Classic Car As It Is A Modern Car As They Can Be More Easly Replaced ! My Advice Just Stick To Your Gun's I'm Sure It Will Get Sort !
rs new boy
28-10-2008, 15:13
Keep this bit safe and to hand as I feel your engineer has written off the car too quickly !
Remember a vehicle with a "Cat" marker against it will instantly lose 1/3rd if not more of its value.
By all means settle for a cash in-lieu of repair basis but on the understanding it is NOT written off.
just had a phone call of the insurance man going to send another man out :( and it looks like it will be a cash in lieu settlement and i keep the car so i will see what the offer is
just had a phone call of the insurance man going to send another man out :( and it looks like it will be a cash in lieu settlement and i keep the car so i will see what the offer is
never!!!!!!!! take the first offer
never!!!!!!!! take the first offer
Totally agree, unless its £6k and the car :rolleyes:
RS2000CUSTOM
28-10-2008, 18:29
just had a phone call of the insurance man going to send another man out :( and it looks like it will be a cash in lieu settlement and i keep the car so i will see what the offer is
I reckon you will be offered £1500 as a cash in lieu of repair payment
You may well hold out for more but not sure much more will be offered
as I see it as
20 hours labour @ £30 per hour = £600
Express roof panel = £600
Paint and materials = £300
Obviously VAT must be considered also your excess will be deducted from final payment
Tread carefully
think youve got a good scrap price there son!!!
being serious though you need to resolve this rapidly otherwise you will miss out, dont think advertising the fact on forums is to good though, imo.
i know it aint on the same parr as the mk2 but a lorry hit my mk6 escort and they said that it was a write off and they valued the car at £1100 and that will give me £1000 plus the car back
RS2000CUSTOM
29-10-2008, 11:59
they valued the car at £1100 and that will give me £1000 plus the car back
So that is £100 for the scrap value of the car
At todays prices that is a bargain
Local scrap dealer is offering £20 a tonne for "mixed scrap" ie cars etc
6 months ago it was £230 per tonne :eek:
graham John
29-10-2008, 13:21
i know it aint on the same parr as the mk2 but a lorry hit my mk6 escort and they said that it was a write off and they valued the car at £1100 and that will give me £1000 plus the car back
you could weigh your two escorts in together andy and get some Cash:D
cheeRS
david king
29-10-2008, 21:51
There are a few inconsistencies in this post, so I thought I would throw my opinions in !
1, The value is agreed at £7k, this is non negotiable as your premium has been paid on this value ever being paid out, obviously less xs.
2, If its a total loss then yes cat c/d (salvage) will apply. In this case it would be a d bearing in mind the opinion costs involved.
3, The engineer can total loss a car ON ANY COST OF REPAIRS if this involved a structual panel being replaced on a car with second hand parts, because a genuine is unavailable. He can authorise non genuine items if these are available and the customer agrees.
4, A cash in lieu would be the best option for you. Forward a copy of the estimate to him and request 100% full reimbursement. You will not be paid vat, unless you are vat reg and this will only be after the invoice has been settled with proof of payment. If this is the preferred route, then make sure it doesnt end up on the total loss register as it was previously deemed a total and some claims handler may not see the amended report.
5, Accept the first offer if you feel its right. Only you can make that decision.
6, When I value or research classic cars, I look at owners forums such as this and see what the values are and also read the threads, so be nice, you never know.......
7, Be polite, approachable and fair minded. Approach this bloody minded and he will leg you over just for the hell of it.
Good luck
Dave.
ps if you want to sell the salvage, pm me :p
RS2000CUSTOM
29-10-2008, 22:11
4, A cash in lieu would be the best option for you. Forward a copy of the estimate to him and request 100% full reimbursement. You will not be paid vat, unless you are vat reg and this will only be after the invoice has been settled with proof of payment. If this is the preferred route, then make sure it doesnt end up on the total loss register as it was previously deemed a total and some claims handler may not see the amended report.
Totally agree :thumbright:
rs new boy
30-10-2008, 16:51
got an independant insurance man coming out on monday from the insurance company so we will see what hes got to say about it
RS2000EXPRESS
30-10-2008, 18:19
got an independant insurance man coming out on monday from the insurance company so we will see what hes got to say about it
I'll keep my fingers crossed for you mate!
rs new boy
03-11-2008, 11:24
engineer came out this morning made me an offer which i was surprised at how low it was then after a good chat it doubled to a price more like it, should be able to sort it out for that . dont want to say how much cause you never know who watching ;)
Brilliant thats good to hear
rs new boy
07-11-2008, 12:25
they paid out yesturday morning how quick was that then :D so the repair can begin ;)
its a bummer that you have to claim off your own insurance when its not your fault
the ex should of paid out of her own pocket
Surely Small Claims Coury Can Sort That Out
Get a secondhand roof from from Escort-tec . They've got a stack of them ready to go , they also fit them as well and have done a few :) .
rs new boy
07-11-2008, 21:37
its a bummer that you have to claim off your own insurance when its not your fault
the ex should of paid out of her own pocket
not to worry the insurance know who she is and they are going after her and if its successful it will be a claim settled so my insurance should be ok :D
vBulletin® v3.7.4, Copyright ©2000-2012, Jelsoft Enterprises Ltd.