CraigD Posted March 20, 2012 Report Posted March 20, 2012 (edited) Hello all We have had our "Galaxy 2000-2006, Diesel 1.9TI (130PS), Deep Rosso Red (Metallic)" model for only about 6 months or so and unfortunately through no fault of our own were involved in a RTA on Saturday morning. Fortunately myself, my partner and 3 year old have all come out of it with only aches and pains. It's a 2005 Ghia model and I am just after some assistance in working out exactly what I should be offered from the insurance company in case they miss anything off!They work from Glass's so I am just purchasing an up to date market value but have a few questions some people on here may be able to help with. 1. Is there any documentation anywhere that explains what exactly is in these packs:Journey Pack2 with DVD, Multimedia Pack with DVD, Technology Pack 1 and Versatility PackFrom my searching, although they are named differently and for newer models I think Journey is satnav (which we don't have), media is screen in headrest and in built DVD (which we do have), tech is traction control (don't know!) and versatility is bits like luggage nets and covers (we don't have). How do I know if I had the Technology Pack? I know if it did it didn't help much in the accident! 2. Does anyone know which 'market value' insurers work from? There is a big difference in price between Trade-In and Dealer prices. Thanks anyone who can help. CheersCraig Edited March 20, 2012 by CraigD Quote
seatkid Posted March 20, 2012 Report Posted March 20, 2012 (edited) Insurance companies will try to fix your car if the cost of repairs doesnt exceed approx 75% of the market value. They will use there own assesors/repairers to work the cost out. Otherwise they will write it off and offer you a cash settlement that represents market value immediately prior to the accident. Insurance companies work on retail and not trade valuation. They will use Glasses guide, and examine your car with a view to what it would have sold for (sold price not necessarily asking price) on a garage forecourt. So condition (pre crash), service history, mileage etc etc is taken into account. Your best strategy is to check price guides (some are free on motor mag websites), parkers etc. Also scout around for similar cars for sale. Using all that information, when the vehicle assesor contacts you, you can throw these examples at him if the price he offers is too low. They will in general not be interested in adjusting for any extras fitted to the car unless you have original invoices showing the extras are fitted and price paid. Even then, on a 2005 model they will offer you maybe 20% at best of the cost at most. I've twice had a car written off, and to be honest, the insurance companies have always been pleasant and fair to me with initial valuations that were very close to what I thought fair. Try here for a valuation Edited March 20, 2012 by seatkid Quote
CraigD Posted March 20, 2012 Author Report Posted March 20, 2012 Thanks a lot for that reply and also the link. Very useful. Cheers Quote
galaxy_beast Posted March 21, 2012 Report Posted March 21, 2012 When mine got involved in a RTA (shunted from rear) my insurance company wanted to write it off, so i went to the third partys insurance direct,, they said i can get 2 estamtes from body repairs of my choice, so i got a expensive one and a cheep one (only cheeper cos he was a mate but only Quote
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