Civic accident write-off value

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Sat 9 Oct 2004 15:23
Civic accident write-off value - Dumb
99' civic had an accident and beyond economical repair. The insurer paid me at market value (£3500) but I intend to dispute the offer price given the car has always been serviced by dealer. In additon, cambelt & exhaust, battery & engine oil were changed 6 months and 1 month respectively.

I believe they will sell it at a cheap price to a garage for repair and re-sell the car thereafter (as the car is not really that bad damaged beyond repair, it's beyond economical repair!). If they can get hold of all the receipts and service records then they might get more money.

Now, should I send them those documents (apart from mandatory documents i.e. DVLA, MOT etc) to get some extra money back, to dispute against the offer price? How much will I probably get? I know even if I keep them it has no value to me but I won't want to benefit the garage to sell it at a higher price if I'm not going to get any extra money in return.

Any ideas are welcome.

Dumb.
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Sat 9 Oct 2004 15:50
Civic accident write-off value - Dalglish
..The insurer paid me at market value (£3500) but I intend to
dispute the offer price ...

>>

have they already paid ?

read
www.theiob.org.uk/digest/v/valuation_of_motor_vehi...l
where it says -
" .... Usually the policy provides for payment of the ' market value' of the vehicle (or words to that effect). How do we establish that? So far as the Bureau is concerned, two points are now clear. First, that market value is not the second-hand value of the car (unless the policyholder was in fact intending to sell it before it was stolen or written off) but what a replacement of similar age, condition and so on would cost. Second, [See: VALUATION OF MOTOR VEHICLES para 2] there are different markets. The appropriate one is not, as insurers often assume, the market for private sale and purchase of vehicles, through newspaper ads and the like, unless there is evidence to suggest that that is the market in which the policyholder intends to buy a replacement. As a general rule, the appropriate market will be the public one, so the policyholder gets what it would cost to replace the vehicle through a motor dealer. How do we find out what that would be? All relevant evidence has to be considered, but in particular we have to rely on standard trade guides! .....
 "


do a forum search ( use button on the right, not one at the top ! ) for " accident write off value " or similar and you should find many previous threads.


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