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Old 09 February 2012, 23:24   #1
Dhf
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Can anyone advise on insurance write off please

Hi,
Firstly don't worry I have another much older jeep to launch the RIB, PHEW!!
Can anyone give me some advise as to how insurance companies deal with write off's.
I was very unfortunate to encounter black ice tuesday morning, which sent me sliding sideways then into the hedge which caused the rear end to flip over and land heavy on the passengers side roof I'm pleased to say there where no injuries and I was the only person involved,
In what was a very nice 2005 import Mitsubishi L200 Warrior, auto, double cab, black leather, 45,000 miles ish, complete with back box fully lined, in what was mint condition, never touched salt water as my wife had threatened to remove certain parts of my anatomy if so,
The emergency sevices were called by a lady who said she was coming round the corner whilst I was in mid flight, they only took five min to get there, but luckily I was able to kick the windscreen out, and get out myself after about four min, After having a quick checkout in the ambulance and found to be okay, one of the pc's guiding traffic said I was the fourth ice related local incident that morning, and no gritting had taken place.
I mainly used the RIP vehicle for family use and for towing longer distances, only bought her back in 2010 and she really looked the DB, I've looked for similar but can't find one to the spec she was,
Anyway after speaking to the large superstore insurance company, they where very vague in letting me know when to expect a payout and how much, after concluding it was writen off over the phone, well fare enough i've got to give them a chance but how long, as i've never had this happen before, so if anyone can shed some light on this matter it would be much appreciated, thank you in advance.
Q1, How long should I wait.
Q2, I've heard not to accept the first offer, Is this true?
Q3, How much should I accept?, bearing in mind she was in A1 with 45,000 on dial,
Q4, Does anyone fancy a cup of tea?
Don't worry i'f I can take the knock i received the other day, i'm sure I can take another knock about Q3, and no I don't want a Land Rover , I know thats what some of you are thinking, been there done that,

The spectators couldnt believe how calm and intact I was minutes after the incident, I replied, "Don't worry i'm a boatman, My kind are used to being thrown around,"


Here's my mate covering the screen to protect the electrics, I asked him to be carefull not to scratch her. +++++++++++
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Old 10 February 2012, 02:54   #2
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dont wait get on to them every day
they will offer you a pittence for the vehicle
go on the net and get evidence for what price similar vehicles are selling at autotrader also has a value my vehicle link on the web site its quite good
similar vehicles mean model, age, mileage, service history etc
also if you have extras on the vehicle and havent told the ins co they will reduce the payout saying you were under insurred so look for that
if they have not sent an assesor out yet be there when he comes and get him to report that the condition before accident was above excellent if he will
dont hand over any doccuments for the vehicle untill you are happy with the settlement figure and you have the offer in writting
just be civil and dont swear at them when they make the first offer as it will be about 25% of what you think the vehicle is worth
ins co`s are bandits they rip you off with the preimums and then when you have to claim they never give you what the vehicle would cost to replace it
Good Luck!!!!
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Old 10 February 2012, 04:30   #3
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do a search for "return to invoice" insurance,for your next vehicle,its a good product,but at which point can you over insure
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Old 10 February 2012, 08:06   #4
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Stick your reg into we buy any car.com They usually offer top dollar on the net & then chip you when you take it in, but at least you'll have a guide price.
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Old 10 February 2012, 08:50   #5
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What everyone else said - if they send anyone out try and be there and be nice to them. Back to invoice is a steal at a few hundred quid for up to 3 years cover to avoid problems if the worst were to happen again. I dont expect they will allow to keep the wreckage, but giess you wont want it anyway , but be wary of them just taking it without you knowing as it is yours until its sorted.

Of course if it were to have add 'shiney' bits taken off and sold on .......they may never know, but may give you a few hundred quid more in your pocket without affecting the settlement offer at all.....

You may never know , but they might make a decent first offer ...the seem to have realied it costs them more in time etc to haggle or start with a low offer than to just be reasonable from the outset.

I'd expect it to sorted in week or two , but have seen it drag for months - just down to luck really , but keep chasing them as its clearly never going to be fixed.
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Old 10 February 2012, 09:49   #6
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Dont forget as its a commercial vehicle if you buy a new one if may have the vat to be added so tell the insurance that.
We have just part exchanged at work a 2009 animal that was mint all the toys and leather but with 63,000 on they gave us 7300 plus vat.
Pete
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Old 10 February 2012, 09:51   #7
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Quote:
Originally Posted by PeterM View Post
You may never know , but they might make a decent first offer ...the seem to have realied it costs them more in time etc to haggle or start with a low offer than to just be reasonable from the outset.
Sorry to hear of your bad luck... only metal at the end of the day. My most recent (don't ask ) experience with Ins co's is exactly as Peter suggests..... My wife rolled a Civic Type R on black ice on the mountain road near Llys Y Fran a couple of winters ago (along with a couple of other spinners, but her effort won top marks for execution ).....was prepared for the argument, but their opening offer was SIGNIFICANTLY more than i'd paid for it some time previously..... Later was contacted by bloke who bought it as write off..... Sold him the spare keys and the induction kit I'd removed

Luck in any case
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Old 10 February 2012, 11:16   #8
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.....their opening offer was SIGNIFICANTLY more than i'd paid for it some time previously.....
I know it's not far, but are you sure you're not from Ceredigion?......
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Old 10 February 2012, 11:42   #9
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Originally Posted by Downhilldai View Post
I know it's not far, but are you sure you're not from Ceredigion?......
I am .... Llangrannog....my family farmed Cefn Cwrt (now Urdd Camp).... Cardi farmers, thriftiest of the thrifty
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Old 10 February 2012, 11:52   #10
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I knew it.....
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