325i sport, 500 quid insurance offer, i hate tesco!!!!

[wrobstar21]

yes my friends, g499 wrt, 1989 325i sport has been written off. Fuckin insurance company offered 500 quid which i think is a bloody joke!

It has made me wonder if its even worth insuring my cars in future if im gonna get stitched! obviously still will but u know!!

any suggestions on what i should do??

[StuBeeDoo]

Mate, I'm feeling you. What were the circ's behind the accident??

[Sanchez]

rule of thumb never except the first offer.

Did he have an agreed value of the car with the insurance company or what value did he put the car as.

[Ziggy]

Don't be surprised for a start! First offers are always stupid...
Just go back to them with adverts for similar cars (here, ebay, autotrader etc) & tell them exactly what you think of their first guess!

[wrobstar21]

some little teenage asshole was speeding in a 30 zone in the pissing down rain. i was making a turn, he plowed into my rear passenger quarter. spun me 360° into some audi!

engineer has written her off. i spent more on a new cylinder head than 500 quid!!

tesco say that speed has no bearing as there is no proof (even though there were witnesses). yes she had a little bit of rust on one arch and 150000 miles but 500 quid man!!!!

[wrobstar21]

i intend to bombard the tossers with evidence that the market value they say it is is bollocks. I will NEVER be able to buy an equivalent 325i sport with that money!

This is my first ever insurance claim and i went off it a bit when i got that offer!

[StuBeeDoo]

Not your fault then. Go to a solicitor, get NWNF deal going.

[maxfield]

PM E30BeemerLad he will be able to help you out.

[cypriot_boy_2k7]

fuk that offer do what the guys said turn it down and get adverts an prove how much it is

[wrobstar21]

u know it mate!! even old banger sports go for at least a grand dont they?? Years MOT with no advisories. Do u think its worth sending the mot form to them to show it was no heap!!

[Andy325i]

As said fight it mate, you will get a LOT more than that if you can prove what it is worth to replace it. Also how badly damaged is it? If its repairable they may offer you a cash settlement where you keep the car and get cash to repair it yourself

Andy

[StuBeeDoo]

This is my first ever insurance claim and i went off it a bit when i got that offer!

I've made a few claims over the years (motor and household) and I'm of the opinion that all insurers are w****rs.
I now insure my car TPF&T. Fully comp is an expensive con IMHO. They charge stupid premiums, and have the neck to revoke your NCD even if the accident isn't your fault. Well they ain't doing it to me anymore.
If I'm unlucky enough to damage it myself, I'll take the (financial) hit. If some scrote damages the car, I'll just go to one of the many solicitors who advertise on the radio. I'm bu****ed if I'm going to loose my car and end-up out of pocket when it's not my fault.

[wrobstar21]

it was quite bad but repairable im sure and iff he wrote it off based on this value then im not surprised its Un-economical to reapir it!

makes me wonder if these people they get to examine the cars actually know their stuff!

[Jon_Bmw]

Stu you are not the only person insuring TPF&T. Fully comp in my opinion makes no sense if the car is worth less than £2500. The company I work for insures all its cars THIRD PARTY ONLY. Bare in mind that these cars are worth anywhere between £3K to £50K and all almost all under 1 year old.

[fuzzy]

was it a genuine sport? my first offer on my written off 320 was £400.you will be able to salvage any bits you want to keep if your insurance company arent total w4nkers.

[tommye30]

iv just insured my 325 with tesco i told them the value of the car and when i got my certificate they had put it down as market value

[shedrool83]

B*sta*ds!
I'm with tesco's aswell and agreed a value.Just checked and they have me marked down as market value aswell.

[fuzzy]

iv just insured my 325 with tesco i told them the value of the car and when i got my certificate they had put it down as market value

your opinion of market value has no connection to an agreed value policy. i found this out to my cost a few years ago when i wrote off my 8 year ,£28000 restoration/modification project

[tommye30]

I think the market value of my car is a lot more than what its actually worth a the moment so im not too bothered
but i cant afford to loose my no claims discount as i am only 19

[bmwsport]

I've always found Lloydstsb and Privilage car insurance to be the cheapest, but no doubt they will get their own back in the event of an accident

[Dr Firefly]

Ridiculous offer mate. The insurance company of the girl who hit my parked car were only bothered about whether the damage to my car was over £1500 to repair - that's all they kept asking the garage. When they found out it was less, they paid out on the spot. That was for a bog-standard (though admittedly good nick) 1988 320i.

£500 for a Sport is ridiculous - I take it you got it looking in perfect nick before the engineer looked at it? (I put so much care into detailing mine it looked brand new aside from the damage!)

Get a list of the work you've had done, with receipts it poss, and put it in a nice easy to read table, and also do like everyone says - print off lots of adverts and threads etc proving the value of sports.

[StuBeeDoo]

I've always found Lloydstsb and Privilage car insurance to be the cheapest, but no doubt they will get their own back in the event of an accident

I was with Privilege until I fitted the LPG. They wouldn't insure me - even with a certificate - because they (and every other insurer) class LPG as a modification and they don't insure modded cars. The Ba****ds charged me £25 admin fee to cancel my policy before it ran out.
As for the "market value" sh**e, the only insurers to go to for agreed value are the specialists like HIC, Frizzells, Flux, etc, etc. All the mainstream insurers now specify market value, even if they tell you that they will cover you on an agreed basis - unless you have it in writing, they won't! When you fill-in the box on the proposal form with the current value of the car, it means chuff-all if you claim. They just base the quote on it.
Trust me, insurance is a con.

[fuzzy]

£500 for a Sport is ridiculous -

thats what i was thinking unless its a 325i and not a genuine sport .

[bmwsport]

I'm with Lloyds at the minute, I wonder what kind of stunts they can pull

Insurance is a great big legal scam

One thing made me laugh though, I remember when my brother got a quote online for his old E34 525i SE when his policy was up for re-newal. At the time he had his eye on a 535i Sport and got a quote for that too... It would have cost him much less to insure the 535i Sport rather than the SE so he went and bought it! He rang the company just to confirm that the quote was no f*$k up and it wasn't

Also a 525i Sport cost exactly the same as a 535i Sport to insure (this was about a year ago now) - both were much less to insure than a SE!? Unfortunately since i last checked this does not apply anymore as they must have caught onto their stupidity

I have no idea where they get their prices from

[Brianmoooore]

Don't take it personally mate, the insurance assessor's job is to minimize the cost to his company, and the first offer will always be ridiculously low. Your job is to maximise the payout. It's a game - one that will go on for months until one of you loses the will to go on!
First offer to me was £500, which goes to £150 after excess. If they charged me £200 for the salvage, then I'd owe them £50!!

[wrobstar21]

It is definitely a genuine sport, look i just wrote is, should i say was!!

I know i can show examples of sports going for at least £2000. i mean mine had a new head, everything was perfect apart from one arch. the wheels are mint bbs 15's.

I will never lose the will to go on with this, i assure u! i loved that car. I kept saying to the bloke who hit me that "ill never get one like it again, do you know what you've done?" over and over again. He went and sat back in his car from guilt i think.

Shitty golf gti time for me i think!! at least for a while

[ShepsEvo3]

Well, Tesco's say "Every little helps" but maybe not in this case!

[wrobstar21]

you git!!

[ShepsEvo3]

Seriously, bombard them with all the adverts you can find which are similar to your car. They should then raise thier offer.

I had a Sierra Cosworth pinched from me back in 1991 was a 3dr in Moonstone blue with only 40,000 miles. They offered £9k, which I turned down initially as a replacement would have cost me atleast £12k at the time, but then they came back with the offer of a repacement cossy which was an 86 and not an 87 like mine, done 67,000 miles and was white and not blue. This was not a direct comparison with my car and they would not up the offer of £9k, so I had no option but to accept the £9k. As I was paying the insurance monthly, I stopped paying it, much to Norwich Union's disgust. What goes round comes round I say!