Pranged Seicento

[topcat5]

My wife has just been involved in an accident. She was the middle of a three car sandwich,whilst stationery at the lights.
What will the insurance pay out,as i fear it may be a right off.
2002 1.1 sx metallic blue with roof spoiler, Sony CD player, 2002 with only 25K miles.
I reckon it couldn't be replaced for under £1700.
Anyone have any ideas?

 

[Most Easterly Pandas]

Firstly, I hope your wife is ok.

2ndly it's normally the person at the rear of the smash who is at fault, so atleast your wife shouldn't lose NCB and an excess.

How much damage is done to the car? Any Pic's?

Ultimatly if you can prove that it's going to cost £1700 to replace then that what the insurance covering the at fault driver will have to pay out.

You could also go down the route of having them repair it if you wanted it repaired. Legally an insurance company cannot write off a car owned by a 3rd party (you) involved in an accident that was the fault of their party (the driver they cover).

Hope this helps.

Jon.

 

[Enoch]

You could also go down the route of having them repair it if you wanted it repaired. Legally an insurance company cannot write off a car owned by a 3rd party (you) involved in an accident that was the fault of their party (the driver they cover).

Jon.

MEP's right again but to clarify, the third party insurer wouldn't pay out the full cost of repairs if it wasn't economical for them. They'd give you a Cash in Lieu payment if it went that way, i.e. give you the money to the value of the amount they agreed the repairs would cost) as long as it wasn't more than they thought the car was worth.

Half a dozen Autotrader examples will prove market value, just make sure the vehicle is as close as possible in age, mileage and spec.

 

[Most Easterly Pandas]

the third party insurer wouldn't pay out the full cost of repairs if it wasn't economical for them. They'd give you a Cash in Lieu payment if it went that way, i.e. give you the money to the value of the amount they agreed the repairs would cost) as long as it wasn't more than they thought the car was worth.

This is what they try to do as its the cheapest option for them, but they have no legal obligatory right to write off a 3rd party's 'property' which this car is.

They can write off the vehicle of their client if they please, as they say on policy etc, but can't legally of any 3rd partys.

 

[matty2b]

This is what they try to do as its the cheapest option for them, but they have no legal obligatory right to write off a 3rd party's 'property' which this car is.

They can write off the vehicle of their client if they please, as they say on policy etc, but can't legally of any 3rd partys.

this is still and i think always will be a very grey area.

on the one hand we could argue as insurers to deal with the claim as cheap as possible. i.e if it was 1000 to repair but 900 pav then we would right it off.

the tp has the right to state they want to keep their vehicle and it is our job, as insurers, to 'put the person back into the position they were prior to the incident' however dealing with the claim and repairing it we could argue this isnt mitigating the loss however if the tp continually complains they usually get their way as if they issue it's £200 just to take it to court, let alone costs so it's just not economical to argue.

 

[Most Easterly Pandas]

this is still and i think always will be a very grey area.

But how can it be? How can they write off someone elses property

Let me blow this compleatly out of porpotion for a min, I hope you follow.

A lorry looses control on a bend and drives through a house compleatly distroying it. Lets say a really old vicotrian house that has a market value of £200,000. To rebuild it and make it look identicle and put the home owner into the position they were in before it's going to cost the lorrys insurance company £500,000 to rebuild.

Now that insurance company couldn't just say oh well, was only worth £200,000 so sod it, that's all we'll give you, go and find another victorian house. They'd have to payout the £500,000 to have it rebuilt wouldn't they to put the homeowner in the position they were in before the accident with no financial gain or loss.

So what gets me is why insurance companies think they can do this with TP's cars. At the end of the day be is a Car, house or brick wall etc, it's still the TP's property and insurance companies can't just always choose the cheapest route because it suits them can they.

 

[matty2b]

But how can it be? How can they write off someone elses property

Let me blow this compleatly out of porpotion for a min, I hope you follow.

A lorry looses control on a bend and drives through a house compleatly distroying it. Lets say a really old vicotrian house that has a market value of £200,000. To rebuild it and make it look identicle and put the home owner into the position they were in before it's going to cost the lorrys insurance company £500,000 to rebuild.

Now that insurance company couldn't just say oh well, was only worth £200,000 so sod it, that's all we'll give you, go and find another victorian house. They'd have to payout the £500,000 to have it rebuilt wouldn't they to put the homeowner in the position they were in before the accident with no financial gain or loss.

So what gets me is why insurance companies think they can do this with TP's cars. At the end of the day be is a Car, house or brick wall etc, it's still the TP's property and insurance companies can't just always choose the cheapest route because it suits them can they.

you are 100% right and as your will probably agree it is often frustrating.

the victorian house could be debatable due to it's age, heritage e.t.c as could the same apply to a classic car or rare car like an enzo or something. you could agrue although it may cost more this is the only car in the country e.t.c e.t.c but 95% of the time what insurers say, goes.

like i said. grey area. always exceptions for this that and the other but for the majority its the most cost effective way that they proceed with!