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Thread: Insurance Claim ?

  1. #1
    'LS' Member
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    Insurance Claim ?

    Well it was bound to happen some time, im just glad it wasn't worse than it could have been but ive had my first crash since ive been driving for around 5 years,

    my 1.2 Corsa SXI looks to be a write off so both the garages say so anyway, i went into a ditch due to slippery ground and mud on my wheels it seems.

    the whole passenger side wishbone suspension and strut is very damaged along with bumper, scratched bonnet, and missing side skirts and arches, which all came off when i went into the ditch.

    I purchased my car for 1,500 and i estimate it to be worth 2,000 now as ive had a lot of work done as i had it booked in for an MOT on Monday so it was looking very good,

    the mileage is only 56,000 which the garage says will also be to my advantage


    I have a 400 excess, fully comp, ideally im hoping to receive between 1,200/1,600 inc + 400 excess. but am i way off the mark ?

    I dont plan to take out insurance and get another car till im 25 as i know my insurance will be a lot more,

    im just looking for some advice on what I should do if the offer is not acceptable ? I can't really strip it as i have no where to take it,

    As ive not had to deal with insurance before im just a little unsure of the whole process,

    do I have to speak face to face with the people inspecting the car ? ive spoken to various people on the phone and their was no other cars involved or any damage apart from a small cut to myself and my car of course,

    also ive removed most items but still have things id like from it, is this possible now ? I phoned a local garage to tow it, and they said if it was to be towed to my house it would take much longer for them to inspect ? where as he charges fees per day which the insurance will pay for, would that be correct ?

    Thanks.

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    Diesel lover Hardcore's Avatar
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    What year is your Corsa?

    Unfortunately insurance companies will value your car based on it's general condition, age and mileage. i.e if it's perfect condition for those miles with no rust or other problems and isn't too old then you'd get the market value for it (what other ones similar to yours go for) minus the excess fee. So if you got a pay out for 1200 and your excess is 400 you would get 800 back.

    What stuff have you removed from it?

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    'LS' Member
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    Thanks, It is in very good condition, its a 2002 model, no rust apart from maybe a little surface rust, but nothing serious,

    as i say it was ready for its MOT so most things I had already removed apart from the cd player console, i got the screen but had no tool to get te console out, it was fairly new but I dont think it was stated on insurance,

    I had just purchased a tow bar, and had that fitted along with the electrics for a trailer so ive spent well in excess for 2000, but I dont think they will see it that way.

    I suppose 800 is ok as ill just have to save up for my next one, but if my insurance is going to be something like 3k+ then i may as well not drive

    my insurance just dropped drastically from 1,600 to around 600 a few months ago, so i assume its going to be around 2k/3k with me claiming ?

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    Diesel lover Hardcore's Avatar
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    What mileage is it?
    It one years no claims bonus you have just now?

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    'VXR' Member Vegas's Avatar
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    Is say you'd be lucky to get 600 back after your excess

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    Tim
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    I would check what your insurance companies policy is on write offs, some insurers will end your policy if they pay out for a total loss claim.

    The fact your cars market value is, IMO 1000 max, this would leave you with 600 after the excess.

    As you have just renewed your policy you have just spent 600, if they were to cancel it and pay out you would be worse off when you have considered no claims bonus, fault accident, Eric.

    Which company are you with? Do you have a copy of their policy wording? I think that's going to be your first step.

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    'LS' Member
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    Ouch doesn't sound good, Id be as well not claiming but I dont have anywhere to repair the car or the money right now.

    Im with Swinton, ill have to check my documents, so far they said the assessors will collect the car from the garage and look at it within 7-10 days, tho ive been told it will be quicker by the garage as the garage who collected it charges fees to them so they are more likely to arrive sooner rather than later..

    the mileage is around 56,000 miles, so not bad considering its a 2002 model. almost completely standard apart from a few small things like tinted windows which are declared.

    I know all insurance companies are different so im just gauging what i may be looking to receive, thanks.

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    Tim
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    Swintons is a broker not an insurer, who are the underwriters on the policy?

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    Don't claim, it ****s you up. I've swallowed write-offs before and just bought a new car. Its expensive in the short term. You forget about it and move on within a few months and your money levels out again. Or you can claim and be ****ed up the arse for 5 years by insurers.
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    Quote Originally Posted by Dave View Post
    Don't claim, it ****s you up. I've swallowed write-offs before and just bought a new car. Its expensive in the short term. You forget about it and move on within a few months and your money levels out again. Or you can claim and be ****ed up the arse for 5 years by insurers.
    ^^this

    If noone else was involved you may as well bite the bullet and save for another car

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    Thats what I'd be willing to do, but what about the car ? I have no funds to repair or know of anyone willing to buy, it wouldn't work and I have no where to store it.

    I have no idea about the underwriters i know i got passed on to some other third party, I had phoned them right after the accident so was in a bit of shock hence not remembering half the stuff they said.

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    Btw...when I Was with swinton, the insurer was Sabre Insurance ;-)

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    Quote Originally Posted by Mike_420 View Post
    Thats what I'd be willing to do, but what about the car ? I have no funds to repair or know of anyone willing to buy, it wouldn't work and I have no where to store it.

    I have no idea about the underwriters i know i got passed on to some other third party, I had phoned them right after the accident so was in a bit of shock hence not remembering half the stuff they said.
    You need to work out whats going on first, is it repairable for less than the cost of a new car or not? Obviously dont scrap this one if its only 300 worth of parts to get it back working. If you dont have the money to fix it then you arent going to have the money for a new car either... Lol. You need the money for at least one eventuality.
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    Yeah, im willing to wait till im 25 to get another car in any case, save a few months..

    as i say both garages that had a look at the car said its a write off, they said the price of repairs wouldn't be worth the insurance fixing, nor me. I do not know yet but it may have shell damage, repairs id estimate at 700 minimum in which case im sure the insurance would call it a write off, even if its not got any severe body damage.

    Its just a waiting game now to find out whats going on.

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    'VXR' Member Taurus's Avatar
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    It's a bit of a case of bolting the stable door after the horse has bolted, but in the situation where you decide not to claim so as not to incur higher insurance premiums then if you damage a car just deal with it and don't go via the insurance. They will increase your premium even if you don't claim once you've reported an accident. eg - if you get hit in the rear by someone and it all gets paid for off their insurance you'll still find most companies put an accident incident on your record. It's a rip off.

    Since you have already informed them off the accident, which is clearly down to you, that will be recorded as a loss on your record whether you claim or not. How much difference it will make if you now claim I have no idea - but I'd bet that since it's all down to procedures and protocols rather than human discretion you might not save much by not claiming at this stage.
    1972 Viva restoration thread - [url]https://www.thecorsa.co.uk/projects-builds/138-1972-vauxhall-viva.html#post1534[/url]

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    Tim
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    Actually Taurus if he doesn't put a claim in the insurer has not paid anything, therefore most companies will not load the premium, a few will but the loading we still beess then if he claimed. He'll also keep his no claims bonus.

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    'LS' Member
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    Unfortunately i think Taurus may be correct as they are footing the bill for the collection of my car, and also the storage.

    id assume something would be on my record which would increase my insurance,

    I can deal without a car till spring, then ill need one for work, I would have gone down the not claiming or telling them route but I was in shock at the time, and the garage said to let my insurance know and i just wasn't thinking

  18. #18
    'VXR' Member Vegas's Avatar
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    If you can deal without a car for next 5 months, use them 5 months to save and repair it

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    Tim
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    If they are footing any bill then yes it will go down as a fault claim and you might as well claim, the amount claimed makes little difference to the premium.

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    I have no where to store the car, else i would have got it repaired over the coming months, but it may be a complete write off, ive not seen the full extent of the damage, for now at least i will just wait and see what offer they give, then take things from there, thats all i can do really,

    If the offer is reasonable ill take it, but what happens if i decide their offer isnt good enough ? if i could i would strip and sell the car but as ive said i have no where to store it or know of anyone who would be willing to buy it

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