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Car written off need help understanding payment
Moorron - 16/8/19 at 12:01 PM

Hi guys i need some advice about my wife car that was written off.

We have been using the car since the crash, as its cosmetic only. Now they have written it off and my wife wants its gone but i don't understand the payment.

They have valued the car at £3050, and i am happy with this. Their paperwork shows this:

Car value = £3050
access = £200
Salvage = £700
Payment = 2050.

So they are paying me £2050, but how do i get the £700 salvage? Is this an agreed value that the insurance has with the people who will come and take the car off my drive? Who then pay me directly?

Any help appreciated

Paul_Arion - 16/8/19 at 12:24 PM

Best bet is to check with the specific insurer but what category write off is it? If not A or B then it could well be you get the £2050 and keep the car to repair yourself, or it goes to the scrapyard and you get £2750. If a Cat N then it may well be worth looking to repair from the £2k payout

This might help

Link

loggyboy - 16/8/19 at 12:37 PM

Thats the value of the scrap, so if you are keeping the car you are paying them for it. Give the car to them and you will get the 700 back.

pekwah1 - 16/8/19 at 03:26 PM

yeh as others have said, the insurance companies tend to itemise the payouts now so you will get a price for the car, plus prices for salvage.
General rule is that you get the whole lot if the insurance company keeps the car, but if you want to keep the car you will just get the car value minus everything else.

As has been suggested, best bet is to just call your insurer to clarify

TimC - 16/8/19 at 04:51 PM

Sorry - can’t help beyond what others have said. However, I feared the worst when I saw who had written the post - thought my first ever Kit Car had met its end!

Have you still got the Indy?

gremlin1234 - 16/8/19 at 05:32 PM

quote:
Originally posted by Moorron Their paperwork shows this:

Car value = £3050
access = £200
Salvage = £700
Payment = 2050.

but
2050
+700 = 2750
+200 = 2950

so still £100 short

edit: and do you mean excess not access?

[Edited on 16/8/19 by gremlin1234]

Moorron - 16/8/19 at 07:43 PM

quote:
Originally posted by TimC
Sorry - can’t help beyond what others have said. However, I feared the worst when I saw who had written the post - thought my first ever Kit Car had met its end!

Have you still got the Indy?


Aha. Luckily it's not my car. The mk is doing really well and still part of the collection. Just not used much now, especially now only having work 3 miles away it seems the hassle getting it out of my garage is too much for 5 minutes to work. Will never get rid.

Moorron - 16/8/19 at 07:44 PM

quote:
Originally posted by gremlin1234
quote:
Originally posted by Moorron Their paperwork shows this:

Car value = £3050
access = £200
Salvage = £700
Payment = 2050.

but
2050
+700 = 2750
+200 = 2950

so still £100 short


Good eye. Phone typing is not my strong point. Should be 2150.

Cheers for the help. I will ring them to clarify in the morning.

rf900rush - 17/8/19 at 07:29 AM

Is that the first offer from the insurance co.

They always seem to offer the lowest.

A decent argument may get that a bit higher.

My wife had it bad a while back, was offered almost half it true value.

A few adds from the likes of autotrader of cars very close in model helped alot.