right then, i had my car stolen recently,(NOT A SCOOB), it was a 03 clio and i only paid £3k for it as they were desperate for the cash, i told the insurence company how much i paid and thought after sh@t i hope they give me book price for it, i rang them back and they said yes they will pay glasses guide price on the car which is around £4.5k. will they pay this or will they try to get away with paying me what i paid for it. anyone elase has this experience, cheers in advance.

 

I'm no expert but it's usually market value.
Insurers always try and give you a low offer first off.
If they're going to offer you 4k approx - you're quids in

 

Look in your T&Cs. Its almost definate that you are on a market value policy unless its an agreed value policy - which I doubt as they often require to see the car or a report etc and is mainly for classics or odd ***** etc. Only your T&Cs will tell you for sure.

 

Meant to say I know there is a guy called
'moleywrx' thats on here quite often, he works for
an insurance company. You could try and PM him.
He's bound to have a better idea ?

 

they def told me that i would get market value, i mean if i went out and spent 20k on mods they wouldnt pay me 24k back would they so why sholud they try and get away with paying me out less just cause i got a bargain,
if they did offer me the 3k id say no thanks you go out and find me a car like mine with 44k on the clock and ill take that instead.

 

cheers buddy i may give him a shout.

 

The insurance company will pay out, what they think it will cost, to replace the vehicle, for another one of the same year/condition. Thats how it works regardless of what you paid for it.