Insurance valuation - Golf GTI Rivage

Last thing.

Might be worth giving trading standards a call as well. This is an obvious difference in the price not just couple hundred quid so they might be able to help

Yeah, I'm gonna argue till death man… I'll keep an eye out for you on the road and give you the obligatory mk1 flash and head nod!! Cheers Sidders, take care.

danj said

Last thing.

Might be worth giving trading standards a call as well. This is an obvious difference in the price not just couple hundred quid so they might be able to help

There is no difference in price as his insurer pay out the book value of the car which is what he was offered.

If it was an agreed valuation policy with footman james for example and they both agreed on say 3k when the policy was taken out, then he would get the full 3k.

But because its a normal policy that pays book value then there right.

Anyone know the book value? Got Glass's???

Cant imagine it being more than a grand paul

I will try and find out the book value for this tomorrow at work.

I don`t think what you are saying is BigNormRivage is 100% correct, although his policy is obviously not an agreed one, the insurance company is still liable to payout to the value of that car for him to be able to go and purchase another one if he so wishes.

Now valuations can differ a lot and a lot of things can make them differ, like pre-acc damage, previous history (cat c - d write off etc) mileage and so on, but I personally don`t come across a lot of adds for rivages for £900.00 so I personally would be searching out adverts and trying for a lot more then that.
If they still won`t budge I would ask them to get off there arses and go and inspect the vehicle properly instead of image inspecting it and getting a correct value based on there own findings and not just from images the repairer will of sent them.

The "car for sale" adverts on here don`t get purged so there maybe some adverts on here that could help ?

Thanks Mark

The problem with quoting adverts is that its not evidence the car sold for that amount, more often than not people barter etc. Also some adverts on here are completely unrealistic with daft prices on cars and its pretty obvious it would never sell!

If they do pay more than book value then whats stopping someone from buying a rivage that needs work for about a grand (ive seen a few) then doing an insurance job by burning it ect then claiming back a few grand to buy a new one?

This example could be used for ANY car.

A local garage to me is selling a bmw 330 for a good 2k less than most others but it needs a lot of work.

So in theory I could buy it, do what I wrote above and claim that its going to cost X price to buy one like it and be a few grand up.

Thats why I think they will only pay the book value otherwise it would be way to easy to rip them off.

They adjust for condition and the insurance assessors are good at judging the pre-accident condition of a car, if they see one after the accident. After all, accidents tend to bend panels and disrupt trim etc, but don't influence paintwork on non-damaged panels, undamaged wheels, undamaged interior trim, mileage, service history, etc. They are, after all, professionals.

I guess in the case of cars gone missing (theft etc not recovered) or fire damage, or serious accident damage, they can fall back to the policy T&Cs which say they can pay book value. If you perceive your car to be worth more than book value, and you want to ensure you are covered for the full amount in the event of a loss, regular car insurance isn't for you, you need agreed value insurance.

Believe it or not, there are people out there who pay below book value when they buy a secondhand car.

Im not doubting that people buy second hand cars for less than book value but I think its asking a lot for an insurance company to pay a couple of grand over a book value price.

No worries, I agree too.....

I do however hope I get proved wrong as I know how much they do set you back for a good one.

the main issue isn't whether insurance companies are trying to rip people off or vice versa, but that seemingly the book value doesn't relate to "for sale" adverts values.

But….there's no evidence yet. Maybe someone can give us the book value, and a summary of 3 or 4 adverts to show this?

Insurance companies will do whatever they can to wriggle out of paying out for a claim and things are getting worse because of the scumbags who drive without cover but that said, when these robbers are charging kids 2 to 4k to insure a car worth half that they are only encouraging it.

Anyway, my point is, regardless of the value your insurance company put on your car, (agreed valuation aint worth the paper it's written on nor is protected no claims) if your car is declared a write off and you are insured fully comp, you can insist that they replace the car with one of the same spec and similar condition, end of problem.. let them spend 4k on a replacement Rivage and you can be choosy on what you accept.

As long as you declare any modifications or alterations to your car because they will strip it every nut and bolt to find a non declared modification to your car inside or out if its written off (Quinn insurance are notoriously the worst), most mods declared do not even increase your premium and can even reduce it as they class you as a 'motoring enthusiast' which they like because they know you love your car.

what age is you rivage plott?

will it not be 20?

could you not do it on a classic insurance.

just done my gti for a little over £200 with agreed val of £3500 and 5000 miles

I am now going throught the same thing with my insurance company. They have offered me £2600 for my Rivage after some women went into the back of me and did £3600 worth of damage and so they want to write it off. I have read that they have to prove you can replace the car for the same locally. As there are not many Rivages around (looked on 'How Many Is Left') and only 86 for my year im not sure how to prove mine is worth repairing, it is so anoying that I am now going to loose my Mk1 coz of someone elses driving. Anyone know the law on non-fault claims?

The law is, very basically, they have to make good any material losses you suffer from. But they can't reverse time or fix the unfixable. £3600 worth of damage sounds like a long and involved repair, I bet the car isn't driveable so they'd need to get a hire car for a numbe of weeks, etc. Hence they offer an amount of money as a total loss.

You can easily get a reasonable convertible for £2600, but it might not be a Rivage. There's plenty of other decent cars out there…

The car is driveable, I am having another garage look at it tomorrow as i think it is a bit high. I enter the car into lost of shows and have spent lost of time on it. Got mk5 interior, new hood, Borbet A's coilovers and is almost all original paintwork. Im not sure how they value the car without ever actually seeing it?

They don't - in almost all cases, an insurance assessor will want to look at the car at some stage. In fact, they'll want to come out to determine the parts required to repair and the extent of the work.

I guess they've asked for at least 2 quotes? It doesn't hurt to get a range of quotes.

I had an insurance claim recently (non-fault accident). I was advised to get 2 quotes, one was £350 the other £650. The whole thing got delayed until an insurance assessor from the other party's insurance visited and inspected the car, then they went for the higher quote - I guess, because the assessor's opinion of the work needed couldn't be done at £350 and would lead to a substandard job and potentially further work/costs etc.