URGENT INSURANCE ADVICE NEEDED!!!!

Post Wed Sep 23, 2015 9:37 am

Small Update;

So I spoke to the gentleman's insurance company, Hastings...and played dumb (not difficult to do)...I asked the guy to explain exactly what happens and said I was concerned about rumours I had heard about having old cars written off etc...

He said they normally only consider write off's if the value of the repair is 70% or more of the value of the car also taking into account the type of damage...if there is a possibility of structural repair and therefore potential added cost then they are cautious...they will consider a cash in lieu settlement and not write the car off...regardless of write off I get paid out and keep my car as his customer has admitted full liability...

The estimate for repair that I have is for £2000 so at 70% they would value my car at £2860...which in my opinion is ludicrous...but lets see...the assessor is coming round on Friday

Post Wed Sep 23, 2015 12:28 pm

Have adverts for similar cars ready for the assessor Gav. He may not be interested but be clear in what YOU consider the car is worth.

http://www.pistonheads.com/classifieds? ... 908&Page=1

Post Wed Sep 23, 2015 12:35 pm

Wow, prices really have kicked on!

Post Wed Sep 23, 2015 12:36 pm

/\/\ Perfect page of adverts/\/\

Post Wed Sep 23, 2015 6:20 pm

Thanks Trevor...I also had a look on car and classic etc...

Post Thu Sep 24, 2015 5:30 pm

diable wrote:You may have enough money left over to purchase a decent interior

Cheeky so an so...

Post Thu Sep 24, 2015 5:32 pm

Wish me luck...assesor is coming round sometime tomorrow...this is what they will see...

Now tell me that does not look like a £5k car even with the bumps and scrapes...

Post Thu Sep 24, 2015 7:17 pm

My mrs 330 got hit by a neighbour this morning.....

Took it to BMW for a quote and it came back at £906 and their insurance has told us to go ahead with it.

Hope you have the same success!

Post Thu Sep 24, 2015 8:49 pm

Gavla wrote:Wish me luck...assesor is coming round sometime tomorrow...this is what they will see...

Now tell me that does not look like a £5k car even with the bumps and scrapes...

I've been in touch with your insurer and we have reached an agreement on your car. Is it alright if I pick it up on Saturday, Gavla?...

Post Thu Sep 24, 2015 9:46 pm

@ Kieran325
Result...thanks I hope so too...

@Gert_8
Yeah sure mate...just bring a £5k sweetner with you...

@diable

Post Thu Sep 24, 2015 9:59 pm

Looks good with the new hood! Still haven't got round to fitting the 1 I got from you!! Hope you get it repaired, would be a shame to write it off

Post Fri Sep 25, 2015 1:20 pm

So I met with the assesor John...

He values the car at between £5k - £6k and said that he is not in the business of writing off good condition classic cars.

Long story short...he is going to do his own estimate based on everything we have discussed and if the estimate is at write off value he will lower it and suggest a cash settlement so that the car does not get written off.

Sounds good to me!

Post Fri Sep 25, 2015 1:31 pm

Excelent news.

Post Fri Sep 25, 2015 3:27 pm

Good news, sounds promising.

Post Fri Sep 25, 2015 7:32 pm

Thanks for the help and advice Lee...definately made a difference knowing what I was talking about...

Just have to wait and see what the actual outcome will be...

Post Tue Sep 29, 2015 5:22 pm

So the final verdict is a cash settlement of +- £1850...

The cheque is in the post....

Post Tue Sep 29, 2015 5:25 pm

And you keep the car, or is that for the car?

Post Tue Sep 29, 2015 5:47 pm

I think if he didn't get to keep the car he'd have a lot more to say about it and there wouldn't be a

. That was a very quick settlement, result.

Post Tue Sep 29, 2015 5:54 pm

Hahaha. I'm just toying with Gavla, Cloggy.

Post Tue Sep 29, 2015 5:56 pm

Gavla wrote:So the final verdict is a cash settlement of +- £1850...

The cheque is in the post....

I would imagine it will cost all of that to get a good repair done, not sure i would be happy with that.

Post Tue Sep 29, 2015 7:52 pm

ajay wrote:
Gavla wrote:So the final verdict is a cash settlement of +- £1850...

The cheque is in the post....
I would imagine it will cost all of that to get a good repair done, not sure i would be happy with that.

Isn't that the point, the cheque covers the cost of the repair?

Post Tue Sep 29, 2015 8:46 pm

I would have wanted more especially if they are twats and put it on the register!

Post Tue Sep 29, 2015 11:16 pm

I would imagine it will cost all of that to get a good repair done, not sure i would be happy with that.[/quote]

Isn't that the point, the cheque covers the cost of the repair?[/quote]

Yes, but once you have the cheque its your responsibility to find a garage capable of delivering a top job for that money,with no distinguishable flaws that ultimately de value the car, ie: paint blending or poor panel replacement/repairs & sourcing another startec rear light ( may have to buy a pair for just one light), also the inconvenience ( weather it is or not) since the crash your vehicle has not and will not be available to you until repaired, i would want that taken into account in the settlement, or another vehicle provided by them for the duration of the repair, my time off work to meet the loss adjuster too, or its just not worth it. For that amount of money they got off lightly!

Post Wed Sep 30, 2015 7:57 am

Agree totally with above!
Im never happy when a cars had paint, I can almost always see if a cars had paint and it amuses me greatly when friends come round to show there new cars off and i pick faults lol

Post Wed Sep 30, 2015 10:27 am

The startecs are unfortunately a write off and are not part of the settlement as they are not original BMW...

The money will cover the repair to the rear and the front...(i smacked my passenger wing) so I am happy with that.

No hassle...no inconvenience...no waiting about...I should have the car back in a week or 2...job done...

Post Thu Oct 01, 2015 2:45 pm

So my car is booked in for Monday and will hopefully be returned on Friday...all body repairs front and rear including stripping and painting Mtech 1 kit, a new boot lid painted and my horse shoe painted will come to +-£2000...

I managed to get a passenger side startec light in good condition off German ebay...result!

So I should have a mint looking car on friday...I will post up pics!

Post Thu Oct 01, 2015 2:53 pm

Just to put things into perspective...

Before I was rear ended I was looking at front body repairs, front Mtech kit, boot lid and horse shoe costing me +- £950...

Now all included means I pay out +-£150...insurance will cover the rest...

Post Thu Oct 01, 2015 3:59 pm

That's a bit of a result in the end really. Ok the car has had a repair but if it's done well it'll not make much difference.

Post Thu Oct 01, 2015 4:51 pm

I have been assured that no one will be able to tell that it has been repaired...my only concern was that it was going to be written off! Turd saved!