Insurance help! Urgent please

[VZ_SS]

Cost of damage is over half the vehicles market value, making it a repairable write off. Too much $$ for the insurance company to repair. Why drop 4k on a car that's worth 4.2k?

I understand that quite well, I was under the impression When an insurer writes a vehicle off it can't be registered since the new laws came in. That's what happened to my bike I crashed, 6 months old, only fairing damage and a few scraps, Paid out and the bike couldn't be re-registered.

[aaronevolution]

I understand that quite well, I was under the impression When an insurer writes a vehicle off it can't be registered since the new laws came in. That's what happened to my bike I crashed, 6 months old, only fairing damage and a few scraps, Paid out and the bike couldn't be re-registered.

Just saw your in NSW, it might be different here in VIC.

[VZ_SS]

Ah true that, we have stupid laws up here lol

[vs v6]

Yes that's with u sourcing and replacing parts, wit labour included u can up that amount.

My comment was from the insurances' point of view

nah man thats with labour
the guy doing it is like my dads brother known eachother for 30 years plus so im getting a huge discount

[ephect]

Yea u either go on the statutory write off or repairable write off list.

Is it still the case of repairing a stat write off car then registering the car in another state without an issue or did they end up implementing a nation wide list?

[Reaper]

Well guys, today i got payed out from the insurance for my car. $4200 because im a dumb #### that did market value and not agreed value..
now i dont know what to do because my car is worth atleast 6-8000 and even the accessor that came and saw it said it..
now can i do anything about this? because 4200 for a car thats worth way more, i think i just need some dumb shit
Its a 95 vs berlina with a bunch of mods
can i do anything about it? open a dispute? cause its unfair!

You can try but IMO your stuffed. Whilst your "bunch of mods" may have cost a bomb and worth a heap to you, very few (if anybody else) will pay you for them. Further to that, your premium would have been calculated on the market value and thus you would have paid more for the higher figure. Just like buying anything else, it's important you examine what you are buying.

Reaper

[vs v6]

You can try but IMO your stuffed. Whilst your "bunch of mods" may have cost a bomb and worth a heap to you, very few (if anybody else) will pay you for them. Further to that, your premium would have been calculated on the market value and thus you would have paid more for the higher figure. Just like buying anything else, it's important you examine what you are buying.

Reaper

yeah i know, next time i will be more carefull

[Jebadayah]

Well guys, today i got payed out from the insurance for my car. $4200 because im a dumb #### that did market value and not agreed value..
now i dont know what to do because my car is worth atleast 6-8000 and even the accessor that came and saw it said it..
now can i do anything about this? because 4200 for a car thats worth way more, i think i just need some dumb shit
Its a 95 vs berlina with a bunch of mods
can i do anything about it? open a dispute? cause its unfair!

It's perfectly fair. You insured it for a set amount, paid a premium based on that amount, and got paid out that amount when it was written off. In what world is this anything but fair?

[vs v6]

It's perfectly fair. You insured it for a set amount, paid a premium based on that amount, and got paid out agreed value when it was written off. In what world is this anything but fair?

well because its a car with 18s lowerd shocks vz guards dvd player 2.5 inch exhaust and much more so i just thought that getting 4.2k was not fair but after thinking about it i actually did alright anyway its done and dusted no going back and changing it

[Kaitlin]

My partner had someone run up his cars ass on the freeway, the car was a repairable write off from memory, he got $8000 back (it was a vx calais with l67) bought the car back for $800 and sold it as it was for $3000... We only paid $7500 for the car in the first place... Maybe you should do something like that? Alot of the time there's someone who knows someone who can repair the car cheaper then u could, so they still pay a reasonable price for it? That's just a suggestion so don't bite my head off please

[vs v6]

My partner had someone run up his cars ass on the freeway, the car was a repairable write off from memory, he got $8000 back (it was a vx calais with l67) bought the car back for $800 and sold it as it was for $3000... We only paid $7500 for the car in the first place... Maybe you should do something like that? Alot of the time there's someone who knows someone who can repair the car cheaper then u could, so they still pay a reasonable price for it? That's just a suggestion so don't bite my head off please

yeah i brought it back for 300 and gonna try sell it for 1500, see how i go haha

[Shedvl]

After my car was written off last year, you learn from your mistakes. I hadnt taken the time to ensure my new wheels were covered. When it was written off throught no fault of my own I tried to get the wheels off..the panel beater was happy for me to have them, but as I was in hospital injured I couldnt get there before the assessor. I figured that as the insurer wasnt covering them then they were mine...but the vehicle became their property to do with as they please. Was an expensive lesson to learn. Now I have another car with new wheels that were covered from the day they went on.
I agree with everyone else..I think you did ok considering the model. Always go with agreed value.
Some on here will tell you how dumb it was, but they must have never screwed up in their lives.
It sux, but just learn from it.