insurance valuation after accident

basically its a 1982 1.3 LHD, new repaint year ago, mint condition with some rare extras. insurance offered 1.5 k + car with cat B

any ideas? cause i think its a bit too low.

Unless you had agreed value BEFORE the accident they have you by the short and curlies. They can let it drag on forever until run out of time or money arguing the toss with them.

£1500 + car back for a LHD seems quite a good offer from them.

Sounds reasonable to me.

cat b guys... it means parts only, non repairable. spent same amount just for welding and respray unfortunately

Even if its Cat B, its worth a fair amount - but only once broken for parts. Its a bit of hassle, you'll be forever making trips to-from the Post Office etc, and packaging up all sorts of odds and ends but literally ANYTHING off a Mk1 will find a buyer, so it can be quite a reasonable amount of money from breaking. Can you deal with storing and getting rid of the bodyshell afterwards?

I'd say that's a pretty good deal they've offered there.

I'd second that. I got 1500 for mine when I wrote it off, had to pay them a hundred to keep the car but then broke it for parts and made hundreds on it. Just depends whether you can put up with it sitting on the drive / in the garage for the next few months. It's depressing seeing your written off mk1 every morning. You will get something back from it tho!

i'd be happy with that offer, have heard of others on different forums getting shafted with their offers.. rarely anyone gets back money spent on respray and welding when selling on anyway.. good luck swapping the parts over

Its seems like that isnt a bad value from other simmilar threads i have seen etc, i am gathering from the damage did you rear end someone and you were at fault? if not a non fault company maybe able to push it for a bit more cash, as i had some good results with no fault claims for friends through companies i have used in the past. If you dont really want the hassle of stripping and selling on, the only other thing i would suggest is trying to find for sale adds for other cars between 2.5-3k and send these to your insurance company with any reciepts you have for work done to yours and tell them you dont want the car but want a settlement figure of 2-2.5k but in general its a risky business and sometimes when you do not accept offers they will just hold out and then offer you less in the end, best of luck with it, Rich

thanks guys for replys. Rich, no it was not my fault



thats what im trying to do now, looking for some same condition, same spec cars to show em. but there is another story.. its LHD..

Ah that puts a totally different complexion on it, I too assumed you'd rear ended someone. Would also explain the initial quite generous offer.

Seeing as it wasn't your fault you could try and get enough to replace the car with one in similar condition so you are not disadvantaged. However this will still take up time and effort on your part.

claims company is dealing with everything. they just rang me yesterday and asked am i happy about it. so im going tomorrow with few examples i found on ebay and autoscaut.de with similar spec and condition. also they gave me the replacement car. i need just to raise it a bit, i would be happy with 2k and car back.. wish me luck. cheers guys

bah said

thanks guys for replys. Rich, no it was not my fault

what a sad ending.. good luck tomorrow

my holidays supposed to be in garage swaping engine with 9a+kr+carbs but now i'll probably end up drinking lol

thank u all, will let u know the decision

and im looking for a new base to start now. any offerz?

agghhh

glad to hear it wasnt your fault, if you are using a no faults company then hold out and i am sure you will get to 2K with the car back.

get drinking and keep us updated

Cheers

Rich

ended up with £2k and car back with cat b. end of story guys

Cheers for letting us know, and you said you would be happy for that, so other than car being hit in first place, not a bad result :-)