Write off valuation

v8matt said:
ronk said:
Go to a main dealer or indeed use the BMW web page and search for a car of similar miles etc. Then present this as evidence of value and thus replacement costs!
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Already done. The issue is that the insurer is referring to purchase price as a cap, which is clearly wrong.
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The purchase price is irrelevant IMO. I have had two cars written on within 2 months of ownership. On both occasions I obtained settlements above the price I paid.

If you had part exd a car to get the Zed the dealer could have massaged the figures to show a lower purchase price and given you a low trade in. Total would still be the same though as a higher price with higher trade in (Cost to change).

Also as mentioned you no claims should not come into it for non fault claim. If they are hold some back just in case they go 50/50 I doubt you would see it again.
 
I had owned my Z for 3 weeks when it was written off - I obtained a settlement £1200 over the price paid.

Firstly - the price paid is irrelevant (my insurance company tried the same thing on me relating to purchase price) - you could have been gifted the car by a family member or bought it in a sale. Your car is insured at market value and that's the basis I used to get my settlement. I was slightly fortunate in that my example was a convertible bought at the start of spring but settled as summer tax was applied to convertible prices.

Show adverts of similar examples and stand your ground :)
 
srhutch said:
Also as mentioned you no claims should not come into it for non fault claim.
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I had a no fault bump a few years ago and my policy was loaded at renewal for both my cars - and as a named driver on my wife's car I got caught there as well.
Looking for a new insurance, they ask if you or any person who will drive has been involved in an accident!

Yes it's wrong but a lot of them seem to do it!
 
ronk said:
srhutch said:
Also as mentioned you no claims should not come into it for non fault claim.
Click to expand...

I had a no fault bump a few years ago and my policy was loaded at renewal for both my cars - and as a named driver on my wife's car I got caught there as well.
Looking for a new insurance, they ask if you or any person who will drive has been involved in an accident!

Yes it's wrong but a lot of them seem to do it!
Click to expand...

Sorry, I meant excess.
 
Hi all thanks for the input. I replied to the insurer and raised various issues and complaints with their valuation and offered to accept either 12.5k, or 12k plus heated seats and xenons from the old car. They offered me the 12.5k which i think is a fair deal (and what I really wanted). Will post full details of tactics once I have cash in hand. Now to find another car... seeing one on Monday!
 
srhutch said:
ronk said:
srhutch said:
Also as mentioned you no claims should not come into it for non fault claim.
Click to expand...

I had a no fault bump a few years ago and my policy was loaded at renewal for both my cars - and as a named driver on my wife's car I got caught there as well.
Looking for a new insurance, they ask if you or any person who will drive has been involved in an accident!

Yes it's wrong but a lot of them seem to do it!
Click to expand...

Sorry, I meant excess.
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:thumbsup:
 
v8matt said:
DPG said:
What are you going for?
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I gave them the two alternatives and they came back with the 12.5k offer so that's what I'm accepting. Sorry if that wasn't clear.
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Sorry, I meant what car are you going for? Another Z4?
 
Was just thinking....I have GAP insurance on my car still. And it goes up to £25K over, so if my insurers paid me out £18k if my car was hit, does that mean I will get £43K back on my total insurance? Not a bad call if someone hit me.....

Now where are Bing and Steve when you need them to smash up your car.... :driving:
 
Stark said:
Was just thinking....I have GAP insurance on my car still. And it goes up to £25K over, so if my insurers paid me out £18k if my car was hit, does that mean I will get £43K back on my total insurance? Not a bad call if someone hit me.....

Now where are Bing and Steve when you need them to smash up your car.... :driving:
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Seriously?

GAP pays out the difference between invoice (if you've got back to invoice) and what the insurance co will pay out.
 
Yes I've got back to invoice, and I was just kidding....I would ask Bing to crash my car....just sitting on it would do the trick....he's a big bloke! 8)
 
DPG said:
v8matt said:
DPG said:
What are you going for?
Click to expand...
I gave them the two alternatives and they came back with the 12.5k offer so that's what I'm accepting. Sorry if that wasn't clear.
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Sorry, I meant what car are you going for? Another Z4?
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Ahhh yes, another Z4C absolutely. Honestly can't think of another car I'd rather have at the mo...
 
Z4M-2006 said:
ronk said:
Try a roadster! :fuelfire:
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Yea why not..
You will have plenty of money left over that way..
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Any spare cash would quickly get converted into a new kitchen extension which is next on my to do list...

Anyway, I have an MGB roadster for all that top down malarkey :)
 
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