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!
Last edited by ClairBear; 10-01-2012 at 07:55 PM. Reason: Evading swear filter
$8k for a VS? That's VY territory. I think $4200 is generous.
I don't think there is anything you can do now because you paying the premium means you agreed to their terms and conditions.
Nothing you can do mate, as you said, should have gone agreed value. In saying that, if they reckon $4200 is market value for a vs, you have done well.
Can't you buy it back? My Honda was insured for $8,000, I wrecked it and got the $8,000 and they offered to sell it back to us for $200 as a write off but we said nah.
I bought my VL for $3,650 nd it's insured for like, $6,000. I have always told the insurers what I want to insure my car for, though I'm with JustCar so it might be different doing it over the net
Lol really. By paying the premium you agreed to their terms and conditions and also to the insured value. They won't change the payout just because you couldn't read through everything properly.
I just recently got paid out $3,500 for a VR Calais. You don't need help. Start looking for a new ride.
You did very well imo i would be happy.
[QUOTE=aaronevolution;2079903]Is it a repairable write off?[/QUOT
yeah it is man
2 options come to mind,
1, part it out make that little bit extra, buy another car.
2, see if u can find someone that wil repair it cheapish without compromising safety and the chassis strength, and get it repaired.
U got a decent payout for a common 16 yo car.
I didn't think there was such thing as repairable write off these days, it's a write off or it isn't? Correct me if I'm wrong.
You chose market value over agreed because it had lower premiums, and you thought hey I don't plan on crashing anyway.
Same thought everyone has. So to look at it logically, if you had of gone with agreed at 6K within a few years the extra you would have paid would have eaten up the $1800 extra you would have gotten and you'd be no better off. That's my current drunk logic anyway.
Personally I think $4200, you have done well
if you wanted more for it you should have insured it for agreed value
i made the same mistake years ago and since then it has always been agreed value
although i think you pay a higher premium for that