scoobydo6969

my brother has written off his my00 (w) 4 dr saloon uk 32000 miles, what sort of money can he expect off the insurance?

NotoriousREV

At a guess, around £10,000 as they normally pay bottom book price.

Apple

I was told to look in Autotrader etc and find similar spec / age car being sold by a trader (not private) and they'd give me that value, i.e. cost to replace mine (minus excess figure )

did well out of it - got 2.7K for something I'd have been lucky to sell on for 1.2K

Apple

Reffro

The insurance company should pay you an amount equal to what you would spend to buy a car of similar age, condition and specification to the car they have written off. The price they note here is what is charged by a car dealer, not private sale, so you are able to simply go out and replace your car from your nearest source.

Now bearing the above in mind, wait for the first offer from the company. Compare it to the prices advertised in Autotrader etc, and if you feel the offer is too low, send in documantary evidence to support your claim, and ask them to increase their offer. Keep repeating until you get bored or they give you a fair settlement. But don't always reject the first offer, insurance companies are known to offer a fair amount straight away.

Tommy 2000

I was told that they use Parkers as a guide. My mate received more than he was expecting when he wrote his off!

snowcrash

i'd have thought more than that ..

my mate crashed his 96 wagon (book = 8000k) insurance pay out over 9k

they will automatically offer him lower price tho, he has to keep pushing higher as they "have" to pay out

[Edited by snowcrash - 1/12/2003 11:22:45 PM]