850 Cars: - Insurance valuation...

frobes2 · Sep 12th, 2009, 13:12

I got up this morning to find some drunken yob and friends have walked back from the pub along the side of my volvo T-5R, damaging both sides and the bonnet with some sharp object, (key,coin,etc)..

I work in the motor trade and have a bodyshop who are doing the estimate as we speak however my Insurance company say they will try and find another in the autotrader to give it a value..

How can I explain to them that it is a rare car, (854 black, manual, saloon) original 850 T-5R!!! My excess is a standard price but I don't want them to right it off.. Has anyone got any ideas to how to go about getting her repaired without her being a cat c or d insurance write off..

To be honest I'm not that bothered as I wouldn't sell her ever but just in case.. any help greatfully received,

Scott....

PICKLEPOP · Sep 12th, 2009, 13:35

If the cost of the damage exceeds 80% of the value (thats the hard bit, a true valuation) they will write it off, thats standard procedure, however, you can ask for a reduced payout and keep the car to get repaired yourself. If you accept the full scrap value of the car then the insurance company takes ownership of your car and scraps/sells it on. Unfair i know but thats how they work.

Blue 8 · Sep 12th, 2009, 14:04

My guess would be it will get written off so don`t go through insurance, yes i know its gutting and thats what you pay your insurance for but that life and part and parcel of owning an old car.

Alan M · Sep 12th, 2009, 15:47

Find yourself as many cars online and in papers that are a similar representation of your car so you can use those as haggling points to get more on the valuation if there offer is way out. If it is wrote off ask them to replace the car like for like with one you find yourself.

PICKLEPOP · Sep 12th, 2009, 16:16

Quote:

Originally Posted by Alan M

Find yourself as many cars online and in papers that are a similar representation of your car so you can use those as haggling points to get more on the valuation if there offer is way out. If it is wrote off ask them to replace the car like for like with one you find yourself.

Thats a nice thought but i dont think any insurance company would put themselves to that much trouble when all their loss adjuster wants to do is write the smallest cheque he can for your car.

Blue 8 · Sep 12th, 2009, 17:16

Quote:

Originally Posted by Alan M

Find yourself as many cars online and in papers that are a similar representation of your car so you can use those as haggling points to get more on the valuation if there offer is way out. If it is wrote off ask them to replace the car like for like with one you find yourself.

Sorry Alan but that would/will never happen, in an ideal world maybe, all the insurers will do is offer midd to bottom book for the car as to them like most people its just an old Volvo no more no less and you will really have to push hard to get any more from them if at all, as for them replacing the car like for like you do like a chuckle don`t you.

frobes2 · Sep 12th, 2009, 17:38

Cheers everybody,

I've just been told that they might not write her off!!

If they can't find the exact car on auto trader then she will not be written off and hopefully I'll pay my excess and she will be looking like new.. well apart from the roof which I will get sprayed whilst its in the oven etc. etc...

Yippee...

4 forty · Sep 12th, 2009, 17:54

that is good news,may we know the company involved, its certainly worth noting.

PICKLEPOP · Sep 12th, 2009, 18:01

Quote:

Originally Posted by frobes2

Cheers everybody,

I've just been told that they might not write her off!!

If they can't find the exact car on auto trader then she will not be written off and hopefully I'll pay my excess and she will be looking like new.. well apart from the roof which I will get sprayed whilst its in the oven etc. etc...

Yippee...

Good news and you have had a result. A GOOD and i do mean GOOD no BLOW OVER RUBBISH BODGE respray would cost at least two grand. Not many old T5s are worth that much. so if they do a good job please give me the name of your insurance company.

frobes2 · Sep 12th, 2009, 18:07

Its QBE Insurance (europe) Ltd.. under written by Ensign or the other way around..

However I'm trying to work closely with the companies Insurance accessor as he will be the one that views the car..

I have done the obvious and got ebay, pistonheads classified ads etc. with T-5R from £1500 - £3995 so fingers crossed..

I will keep you all in formed..

Sep 12th, 2009, 13:12	#1
frobes2 Volvo Mad! Last Online: Jan 6th, 2020 09:31 Join Date: Dec 2004 Location: Kent	Insurance valuation... I got up this morning to find some drunken yob and friends have walked back from the pub along the side of my volvo T-5R, damaging both sides and the bonnet with some sharp object, (key,coin,etc).. I work in the motor trade and have a bodyshop who are doing the estimate as we speak however my Insurance company say they will try and find another in the autotrader to give it a value.. How can I explain to them that it is a rare car, (854 black, manual, saloon) original 850 T-5R!!! My excess is a standard price but I don't want them to right it off.. Has anyone got any ideas to how to go about getting her repaired without her being a cat c or d insurance write off.. To be honest I'm not that bothered as I wouldn't sell her ever but just in case.. any help greatfully received, Scott....

Sep 12th, 2009, 14:04	#3
Blue 8 Premier Member Last Online: Aug 13th, 2015 17:06 Join Date: Aug 2008 Location: Medway Towns	My guess would be it will get written off so don`t go through insurance, yes i know its gutting and thats what you pay your insurance for but that life and part and parcel of owning an old car. __________________ Stay away from negative people they have a problem for every solution. Ruby-red pearl 854 GLT 2.5 20v 62k.....Andy

Sep 12th, 2009, 17:54	#8
4 forty VOC Member Last Online: Aug 12th, 2015 14:44 Join Date: Dec 2001 Location: sunderland	good news that is good news,may we know the company involved, its certainly worth noting.

Sep 12th, 2009, 13:35	#2
PICKLEPOP Senior Member Last Online: Jul 6th, 2016 10:15 Join Date: Jun 2009 Location: South Croydon View Photos By: PICKLEPOP	If the cost of the damage exceeds 80% of the value (thats the hard bit, a true valuation) they will write it off, thats standard procedure, however, you can ask for a reduced payout and keep the car to get repaired yourself. If you accept the full scrap value of the car then the insurance company takes ownership of your car and scraps/sells it on. Unfair i know but thats how they work.

Sep 12th, 2009, 15:47	#4
Alan M Senior Member Last Online: Jan 24th, 2023 07:05 Join Date: Dec 2007 Location: Cannock/Solihull	Find yourself as many cars online and in papers that are a similar representation of your car so you can use those as haggling points to get more on the valuation if there offer is way out. If it is wrote off ask them to replace the car like for like with one you find yourself.

Sep 12th, 2009, 17:38	#7
frobes2 Volvo Mad! Last Online: Jan 6th, 2020 09:31 Join Date: Dec 2004 Location: Kent	Cheers everybody, I've just been told that they might not write her off!! If they can't find the exact car on auto trader then she will not be written off and hopefully I'll pay my excess and she will be looking like new.. well apart from the roof which I will get sprayed whilst its in the oven etc. etc... Yippee...

Sep 12th, 2009, 18:07	#10
frobes2 Volvo Mad! Last Online: Jan 6th, 2020 09:31 Join Date: Dec 2004 Location: Kent	Its QBE Insurance (europe) Ltd.. under written by Ensign or the other way around.. However I'm trying to work closely with the companies Insurance accessor as he will be the one that views the car.. I have done the obvious and got ebay, pistonheads classified ads etc. with T-5R from £1500 - £3995 so fingers crossed.. I will keep you all in formed..

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