its a write off

[Martin]

Don't you just hate insurance companies

Get the £7k and buy it back for £1500. At worst you can put a new roof skin on it

[RS2000EXPRESS]

oohh the roof would meet the floor even with the seats in the way, aled's a big lad

I did'nt want to say that Graham, but cheers mate all the same.

[petrolhead]

Let me have it!!

£2000 very max it should cost you to get it back.

Just wrote off a 'w' X5 bloke got it back for £1600.

[5hane]

how can a dent (ok it is rather large.. but still) in the roof write off a car

[rs new boy]

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

[RS2000CUSTOM]

how can a dent (ok it is rather large.. but still) in the roof write off a car

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 for a £2500 repair

Sounds to me like the engineer has a put his own low valuation on your car.

[rs new boy]

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 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

[Andyc]

about £1000 i bet

[RS2kSX]

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]

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]

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 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

[marky4]

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)

[RS2000CUSTOM]

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

[topaz]

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

[RS2000CUSTOM]

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.