| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 1651.1 | Wild speculation | JANUS::BARKER | Jeremy Barker - T&N/CBN Diag. Eng. - Reading, UK | Sat Jan 11 1992 23:05 | 6 |
| If the wrecked car is in your possession I would think it reasonable for
them to pay the difference between market and scrap value which is what
they seem to have offered. Otherwise I would be tempted to try to get the
full value - realising of course that this may cause delay in the payout.
jb
|
| 1651.2 | what do you want cash+wreck or not? | PCOJCT::MILBERG | squeezed by the grapevine | Mon Jan 13 1992 07:58 | 15 |
| Based on my experience-
the real question is - Do you want to 'salvage' the wreck?
If so, then they will 'total' the car and pay you the market value and
you will simultaneously 'buy' the wreck, 'paying' them the scrap value.
If not, then you collect the market value and they own the wreck.
In my case, I wanted the 'wreck' so we negotiated both figures (market
and scrap) and when we reached agreement, they wrote me a check for the
difference.
-Barry-
|
| 1651.3 | | SBPUS4::MARK | I wanna be a slug...... | Mon Jan 13 1992 11:44 | 17 |
| The Insurers must pay the difference in the value of your car immed. prior to
the accident to it's value immed. after. They choose to use words like "scrap
value", "Salvage" and "write off" (total loss). These have no effect on what
they should do.
Therefore it is normal in circumstances of this type, for you to retain the
vehicle and the Insurers pay the difference. This shouldn't cause too much of a
problem, because normally the car can be disposed of for this amount. If you
can't sell the car for this amount, point this out and tell them what you can
sell it for. However, make sure that you also are paid for any storage or
removal expenses you are going to have to pay.
Which all goes to show, that when an accident occurs that is not your fault, you
still get stuck with a load of hassle which you are rarely compensated for, even
when the material damage is reimbursed.
M.
|
| 1651.4 | assuming full-value settlement... | SUBURB::JASPERT | | Mon Jan 13 1992 15:33 | 4 |
| Companies like Bracknell scrap metal will collect your car free of
charge, they may even bung you 25 pounds.
Tony.
|
| 1651.5 | | SHIPS::SAUNDERS_N | Village Idiot says RKE | Mon Jan 13 1992 15:45 | 16 |
| Thanks for the replies to date.
> -< assuming full-value settlement... >-
This is where my question is, I've agreed the prior to and since values with
the insurance company but can I insist that they pay the full total and leave
them with the problem of collecting and disposing of the wreck (which is
currently taking up most of my garage).
I fear the answer may be as a few back, they legally only have to settle the
difference and then leave me with a wreck to dispose of and have to recover
that share of the value.
Nigel.
|
| 1651.6 | | SBPUS4::MARK | I wanna be a slug...... | Mon Jan 13 1992 16:39 | 13 |
| As I said, you cannot force them to take your car.
>difference and then leave me with a wreck to dispose of and have to recover
>that share of the value.
Make sure that the scrap value is something you can get. Ask at the garage who
has currently got the vehicle, get a scrappy around to quote you, and then go
back to the insurers. If it's going to cost you phone calls or whatever, expect
them to re-imburse you. Make sure that everything is covered and paid for before
you finally accept the money.
M.
|
| 1651.7 | Check the storage cost. | UBOHUB::KINGSTON_D | Creating the illusion | Tue Jan 14 1992 12:55 | 10
|