Obviously i want to get as much as poss. Generally how much lower do they offer you to start off with compared to what they would go up to?
2007-12-10 00:51:24 · 7 answers · asked by L*D 2 in Cars & Transportation ➔ Insurance & Registration
Don't go into it with that attitude -
You need to get your facts right - start by getting forecourt prices for the same car, same mileage - these cost more on the forecourt and so you need to include the price difference.
Example - forecourt price £2995 - insurance may offer £2500 - that would leave you £495 short on buying a similar car.
Get all these facts together and send to the insurers = you'll get closer to your real value/price to replace and TELL them (not ask) to replace car with same make/colour/mileage etc as yours - they won't because of the additional costs involved in finding you the car at their cost
2007-12-10 00:56:42 · answer #1 · answered by jamand 7 · 0⤊ 2⤋
The valuation is based on an independent assessment of your vehicle value at the time of the accident. It is a common misconception that Insurers offer low to start with and then increase it on haggling.
The only thing you can do, is find private adds for vehicle of the same make /model /age /mileage /condition etc and submit these to your insurers, they are under no obligation to, but may increase the offer slightly. The only other option is to get your own independent vehicle inspector's report, although this can be expensive and maybe rejected as it will be seen as one inspector's word against another.
Jammad's suggestion is incorrect - your insurers are under no obligation to buy you a car - They simply will not do this.
Try the private car Ad's advise and see how you go, but remember the vehicles advertised MUST be similar in age/condition and mileage. Trade sold vehicles will not be any good as they are renowned for being over priced.
The advise above for claiming bus / taxi expenses will not be met as this will have been offset by not having the car running costs whilst yours is off the road. Your insurers will also keep the vehicle if it is deemed a total loss.
2007-12-10 10:07:00 · answer #2 · answered by Anonymous · 1⤊ 0⤋
I am assuming you are talking about a Total Loss offer.
You can reject the offer as much as you like, that doesnt mean it is going to change. The value of your is what it is. It doesn't go up or down depending on if you want to accept the offer or not.
If you decide not to accept the offer, the insurance company will probably then just close your file without any payouts.
2007-12-10 10:06:28 · answer #3 · answered by ♥ Uwish ♥ 6 · 1⤊ 0⤋
Well if the car was brand new. You would ask for a replacement car. If the car is several years old the insurance company will offer you the wholesale value of the car. What you need to get the offer to is the private party value. Go to www.KBB.COM and get the private party value of your car. That is there bottom line. Give or take what shape your car was in before the accident.
2007-12-10 10:22:34 · answer #4 · answered by Big Deal Maker 7 · 0⤊ 1⤋
until you know what the price of the car is worth to you , try to find out from a car buyer guide / or a garage , ask them what the damages was, get a rough idea, from that , plus your expenses, e.g. taking a bus/ trains/ tubes/ etc etc. as long as you have the tickets and the passes , you can also claim for that as well. and you can also buy the car back from them as well at reasonable price if you think you can get it fixed as long as it is road worth to run and there is not much damage and the cost if you think it is going to be very expensive than don't but it just take the money as much as possible ,cause you've paid your insurance over the years and you haven't made any claim ,
So go for it take them to the cl earners as much as possible.
Good luck and safe driving
2007-12-10 09:00:57 · answer #5 · answered by Bharat P 3 · 0⤊ 2⤋
It's not like "three strikes." Assess the value of your car on edmunds.com and kbb.com and see what you can come up with. Ask for that amount.
The sad fact of life is that a car is worth more to its owner than to insurers....especially if you owe more than insurance will pay. I've been there, and it isn't fun.
2007-12-10 08:55:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
THE FIRST OFFER WILL BE FOR THE (ACV) ACTUAL CASH VALUE FOR THE VEHICLE.
THE SECOND TIME WILL BE FOR ANY ADDITIONAL ITEMS AND OR REPAIRS THAT YOU HAD OR HAD DONE IF THEY WANT TO WORK WITH YOU CONCERNING THIS.
THE SECOND ONE WILL WORK AS LONG AS YOU ARE VERY NICE TO THEM AND I KNOW THAT YOU WILL HAVE TO BITE YOUR LIP WHILE YOU ARE DISCUSSING THIS.
2007-12-10 10:08:31 · answer #7 · answered by Anonymous · 0⤊ 1⤋