Car likely written off

so being persistent paid off then?

I suppose you can afford to as Im assuming this is a second car.
I bet if this was your only car you would take what they offered you initially and said thank you?

this is all assumptions though, as I was a while back in a similar situation, and also felt very shafted by the insurance company.
 
eg2505 said:
so being persistent paid off then?

I suppose you can afford to as Im assuming this is a second car.
I bet if this was your only car you would take what they offered you initially and said thank you?

this is all assumptions though, as I was a while back in a similar situation, and also felt very shafted by the insurance company.
Click to expand...

Not yet, is still not resolved... Was my only car, borrowing a car from the GF's family for the time being. But if I knew it would take this long with this much hassle yes I probably would have taken it.
 
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ScottulusMaximus said:
Not yet, is still not resolved... Was my only car, borrowing a car from the GF's family for the time being.
Click to expand...

but you still have another car then?

thought as much, when my Hyundai was written off, our other car was wasnt drivable, so we were so desperate to get the settlement cash,
so we settled for a lower amount, car was worth at least 35K , we got little around 17K , but we paid around 25K at auction.

what would you say is the most important thing to do to get the best value out of a write off?
I mean 2 airbags pop, and the car is a write-off.... even though the car still drivable, with some minor cosmetic damage.

another question, not sure if its been covered before,
how long were you paying premiums with no claims? and how much did your premiums jump up to?

as In my case, I was on my dads insurance as an additional driver, and I was under 25 when the crash happened,
(taxi professor) , but Im now on my own insurance and Im always wondering if I write off my car now,
what happens? will they shaft me again?
 
Pitbull said:
No, the parts you're talking about comes into play when you actually trade the vehicle.

When you insure a vehicle you have 3 options and that is the options in the Transunion booklet. It does not include the mileage or condition of the car. If they had to apply that how much do you think you'll get for the condition of the car after the accident?

The booklet has 2 values, Retail and Trade printed and then a calculation at the back of the booklet to use based on kms and condition. They only use the printed totals. Some insurance companies also have a thing called market value which is the average between trade and retail. Retail is obviously the highest value.
Click to expand...

Unfortunately that is not true for many insurance co, esp the direct ones, they have a clause that states if the car is written off or stolen they pay out market/retail depending on which you chose for the policy LESS high mileage and condition as per their assessment.

Having a car stolen or written off can really screw you, that's why it's not uncommon for people to complain so bitterly when that situation arises. If you have a good condition car that you maintained well like the OP you will get royally screwed on the payout. Even retail is never close to actual cost of that car model in good nick and on top of that they deduct a further amount for wear and tear and mileage. Ouch!
 
Hemi300c said:
If you can prove low mileage, additional extras etc you can insure with them included. There is no ways a car with 250 000 km on is the same value as one with 100 000 km on.
The book is used for a average indication based on all transactions and not entirely used for clear cut values.
Click to expand...

You saying a contractor who pays more per month on his insurance should not be rewarded the same as you if you have an identical car purely because of his mileage? I don't think so...
 
theratman said:
You still going to fight for more or just take the loss? I'd hate something like that to happen to me, huge hassle and loss of money.
Click to expand...

I'm taking the hit, found something similar for R65k that I'll hopefully bargain down to the low 60's and then cross fingers it doesn't blow up before I can get the cash together under the hood to sort the inevitable niggles.
 
Pitbull said:
You saying a contractor who pays more per month on his insurance should not be rewarded the same as you if you have an identical car purely because of his mileage? I don't think so...
Click to expand...
you not making any sense.
The policy is a contract of indemnification and that's what I am saying and have been doing for the last 34yrs.
A cars retail value depends on mileage as well as extras.
 
ScottulusMaximus said:
I'm taking the hit, found something similar for R65k that I'll hopefully bargain down to the low 60's and then cross fingers it doesn't blow up before I can get the cash together under the hood to sort the inevitable niggles.
Click to expand...

Sorry about the bad luck mate, what you planning on getting for 65k?
 
Hemi300c said:
you not making any sense.
The policy is a contract of indemnification and that's what I am saying and have been doing for the last 34yrs.
A cars retail value depends on mileage as well as extras.
Click to expand...

No one ever disputed the extras... It needs to be insured separately. That has already been covered.

Riddle me this: Above example, car is written off in month 11 since buying the vehicle. Vehicle 1 has 3 000kms on it, vehicle 2 has 90 000kms on it. What are you going to do?
 
Pitbull said:
No one ever disputed the extras... It needs to be insured separately. That has already been covered.

Riddle me this: Above example, car is written off in month 11 since buying the vehicle. Vehicle 1 has 3 000kms on it, vehicle 2 has 90 000kms on it. What are you going to do?
Click to expand...
Here's your riddle:- When you shopping around for a vehicle are you going to pay the same for both?
Depends on the policy as well, within 12 months replaced with a new vehicle if a personal policy.

I suggest you contact your broker who has time to answer your "riddles".
 
Hemi300c said:
Here's your riddle:- When you shopping around for a vehicle are you going to pay the same for both?
Depends on the policy as well, within 12 months replaced with a new vehicle if a personal policy.

I suggest you contact your broker who has time to answer your "riddles".
Click to expand...

Both vehicles will be replaced with NEW ones as it was written off in 12 months. So the Kms meant what?
 
Pitbull said:
O now it's playing?

Never heard of Kms being used on insurance pay-out. I call bullshyte. Anyway that's just me.
Click to expand...

You learn something new everyday...................
 
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Well I can guarantee they don't give a **** about mileage or condition, it's retail value based on model and year and that's it.

So top tip, buy a car, treat it like **** and drive the wheels off of it, crash it and they'll give you the indicated value no matter what. You'll lose less money than treating it well. I was never asked a single detail about the accident, make it up if you have to they just don't care.

Because if you treat it right and stop behind a taxi before a blind old bat tries to kill you you'll get shafted.
 
Have checked my policy and the two vehicles that are on the policy each has a sum insured. No mention of Trade, Retail, Transunion or M&M.
Presumably, that is what I'll be paid out in the event off a 'write-off'.

Did a quick search on Autotrader and the sums assured are very much in the ball park of prices quoted on their website.

2004 Jazz insured for R53,900 and 2013 CR-V 2l for R242,800. No Excess.
Premium on the Jazz is R109.03 and on the CR-V is R292.91

Insured with Zurich.
I have had only two insignificant claims and these were paid out within seven days.
I think that I've a very competent broker.
 
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