Privilege Car Insurance
Car Insurance pay out when vehicle written off?
My car has been written off and my insurance have offered my £1,250 for it. They said they use some Glass Vehicle Valuation thing so I went on it’s website n had the car valued myself n there’s 5 categories for pricing the vehicle:
Trade-in Excellent condition – £1,376
Trade-in Average condition – £1,210
Trade-in below average condition – £1,066
Dealer sale price – £2,640
Private seller price – £2,221
Which is the price I should get for my car?
It was an 02 plate Renault Megane Coupe Privilege + in excellent condition!
I found the same car in a different colour on Auto Trader for £2,000.
I think I should get the private seller price as I am effectively selling them my car and not trading it in!? My car was set on fire btw! Awoke at 3am to the thing in flames just a few feet away from my house! =’(
When an engineer inspects your vehicle they take into account numerous factors. The exact age, model, vehicle specifications, modification, mileage, service history and general upkeep of your vehicle, along with the area of the country that you live in (prices differ by region). The above valuations are intended to be a guide only to the engineer when making their own exact valuation of the vehicle. The glasses guide is an industry recognised tool for giving base-line values and not an absolute.
If you are able to provide the insurer evidence that your vehicle is worth more then they will have their engineer reassess the value. Autotrader adverts are a good example of this. Just make sure that you obtain good comparable adverts, ones that match the same age, condition and are for sale in the same county are most useful. Forward this to the insurer along with the details of what you consider to be a reasonable settlement amount.
In addition, you can accept the £1250 on an interim basis for the time being. This means that you do not accept this as full and final settlement, but you are willing to move the claim along whilst they reassess the value.
