Insurance help! Urgent please

[vs v6]

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!

[aaronevolution]

$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.

[VZ_SS]

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.

[87RB30VL]

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

[wraith]

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.

[vs v6]

$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.

8k was an exaggeration
but i mean 6 would of been fine

[vs v6]

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 did read everything properly
it was just a dumb mistake
so no need the cockyness mate
because trust me one day you will do something very dumb to..

[vs v6]

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

yeah man they gave me 4500 but i brought it for 300 so basically i got 4200

[vs v6]

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.

yeah i guess it was alright
just lucky they didnt give me like 3000

[87RB30VL]

yeah man they gave me 4500 but i brought it for 300 so basically i got 4200

Can you buy it back, though?

[Valik]

I just recently got paid out $3,500 for a VR Calais. You don't need help. Start looking for a new ride.

[GTS-Replica]

You did very well imo i would be happy.

[vs v6]

Can you buy it back, though?

yeah i already did for 300

[vs v6]

I just recently got paid out $3,500 for a VR Calais. You don't need help. Start looking for a new ride.

nah im thinking to keep it

[aaronevolution]

nah im thinking to keep it

Is it a repairable write off?

[vs v6]

[QUOTE=aaronevolution;2079903]Is it a repairable write off?[/QUOT
yeah it is man

[ephect]

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.

[VZ_SS]

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.

[vs v6]

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.

yeah i might part it

[87RB30VL]

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.

Well, my Honda got smacked by a Datsun Ute smack bang in the middle of the A pillar, which wrote it off, but they then said it was a repairable write off. I thought any structural damage like that was meant to be write off no questions, but now it seems you can totally obliterate your car, repair it, and drive it again

[ephect]

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.

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?

[vs v6]

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?

car will cost me 2.5 with full respraint and then like 400 for couple parts

[Huntington]

i did read everything properly
it was just a dumb mistake
so no need the cockyness mate
because trust me one day you will do something very dumb to..

I doubt it was just a dumb mistake, that's hindsight telling you that.
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

[gopher]

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

[ephect]

car will cost me 2.5 with full respraint and then like 400 for couple parts

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