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Payout When Car Is A Write Off

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bednobs | 19:31 Thu 13th Dec 2018 | Insurance
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hi, i'm in the above position for the first time ever. I have not had a offer from the insurance company yet.
how close to how much the car is actually worth do they usually offer? (my estimate taken from parkers guide, and autotrader)
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It's been a long time since I've had a car write off but I was offered the book value. They let me keep the car and only deducted £100 for it.
Hope you're OK btw?
When it happened to us, some time ago now, the car was worth about £1200 as a trade-in and we got about £2500 to buy a similar car from a franchise dealer ... so we were happy.
You always get less as a trade in though?
Think it depends on car, condition and mileage, but always be prepared to haggle. Insurance assessers are working for insurance company, not you.
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its actually my husband who had the crash. hes ok
Ok Bednobs glad he was not seriously injured
They will always offer bottom book price first.
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lol the car isnt even on there!
In the late 90's I had the bad luck to have my car stolen and smashed up when it was actually increasing in value. It was a rare model and not being made anymore. A few days before it was stolen a chap had given me his card and said if I ever wanted to sell it to give him a call. Not happy with the price my insurance company offered, I did some research and proved to them their offer was too low and they increased it immediately for me. Good result.
What was the car that was stolen, ladybirder. If you don't mind me asking.
Bednobs you may have to enter some details
It was one of these Tony, in white. Can't remember which year it was but I remember it was FWD. Fastest car on the road in third gear at that time so I was told LOL. That's why it got picked by thieves out of a car park full of cars because they were joy riders and knew what they were doing.
https://www.carandclassic.co.uk/car/C1049972

Yes I remember those, ladybirder. A proper little pocket rocket.
It was Tony, I loved it. Those were the days;-)
Wouldn't want it now though, there was a time and a place and that's gone.

Bednobs I was told at the time that the insurers use the car traders book to set a price but I can't remember what the book is called. Perhaps someone else can.
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8 I. Put the details in and it won't recognise even the model of car or the reg!
I think Glass's Guide is the publication ladybirder is thinking of - only available to the trade.
That's it bhg. Thank you.
Glass’s guide is now Glasnet.

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Payout When Car Is A Write Off

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