Oh no, dealing with car insurance can be such a headache! 😞 Here’s some advice for your situation:
– Contact a lawyer or public adjuster to help negotiate a fair settlement 🤝
– Consider appealing the insurance company’s decision 🔄
– Look into filing a complaint with your state’s insurance department 🏛️
I hope this helps! Anyone else have suggestions for navigating this tricky situation? 🚗💥#CarInsurance #InsuranceClaims #AccidentAdvice
If the policy was agreed value then you’re shit out of luck, should have reviewed the sum insured when purchasing or at renewal. If market value consider asking if an assessor would be willing to take another look and provide evidence of services and repairs etc. Market value is assessed based on the condition immediately prior to the claimable event so there’s a little more room to question the value they’ve provided.
Question, do you have a comprehensive car insurance for that car?
One more question, we got a towbar put on a couple of years ago for bike rack.
Can we strip stuff like this off before it’s collected?
How far can you go?
Remove all the lights, seats etc. Haha?
All that the trucks insurer is liable for is to indemnify your partner. The cost of replacing your partner’s vehicle is not relevant, only what its market value at the time of the accident was. This is different to if your partner had agreed value comprehensive insurance where the sum insured is you would get. Being offered $3,500 suggests that it is an older vehicle and at that point garaging and servicing will sadly not really make much difference. Best you can hope for is that you can get a pre-accident valuation (at your cost) to support a higher figure and that this will be accepted. More likely is somewhere between the initial offer based on the trucks insurer valuation and your own.
What is the car make, model and year pl?
There is some good advice being given but also bad advice. You are entitled to dispute the payout from the trucks insurer. You can either get a valuation done or even do it yourself by gathering sales data of similar vehicles. If you can provide a justified valuation they are likely to split the difference between the two valuations.
After checking trade me for similar it seems that 3.5k is not unreasonable for your car – however that’s just on make/model/year.
I’ve been in this exact scenario with 3rd party and disputed the first market valuation by the insurance company which was obscenely low. I obtained a second valuation and after seeing how much higher it was, the insurance company did a third with payout being the average. There’s always a chance the value goes down in this situation though, so you need to consider that possibility.
How much was it insured for? Your insurance should pay you the insured value and recover that amount back from the trucks insurer.
In my one recent experiance with having a car written off.
When my car was written off I didn’t have insurance. Guy that caused the accident did amd thankfully he admitted fault straight away and that was easy.
His insurance took away the car had it assessed and it was deemed a repairable write off. They called me and made me an offer. I did some quick searching and we agreed to an amount just over mid market value. The insurance company has to make you whole but they also are about saving them money. In our case with the cost of two tow trucks, two rental cars, a repair and a written of car they were happy to just settle as quickly as possible.
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$3500 sounds like a great pay out for a old European liability. Heck one inevitable mechanical problem with it and the bill could easily be in the thousands and the fact that you don’t even think it’s worth fully insuring it says a lot. Sucks it got crashed into but you will only get what it’s worth, buying a better car isn’t the insurance’s problem.