Car write off question

[phatsix]

Im new to insurance side of things so dont have a clue whats going on.

After the storms in perth my car got quite a bit of hail damage. (bonnet, roof, boot and some other dings)

I got a quote just then from an insurance "preferred" repairer. He said due to the amount of cars in queue to be repaired, most insurance companies would rather call cars write offs.

Just wondering, if my car were to be a write off, do they repossess the car and sell it?

Also do you get a choice whether you want it repaired or written off?
Cheers

 

[Full Spectrum]

The roof would be the most expensive part of that repair. So if they see it cheaper to write it off over repairing it they will.

Not sure if you get a choice write off or repair. Also they will pay you market or agreed value and sell off the car for what ever they can get.

 

[Tatiana]

As slick said, you will only get market value for the car unless you have it insured for agreed value. I doubt you get a choice to repair it if the Insurance Company wants to write it off. Only choice is to have buy the wreck back once they have paid you out.

 

[Calaber]

It would depend on your insurance company's policy. I had a car written off due to hail damage in the mid 90's. The bonnet, turret (it was a wagon) and the top surfaces of the front guards were pretty hammered.

The car was insured for $5,700 and repair cost was over 50% of the insured value so NRMA wrote it off. I had a number of options available to me when I claimed. The car could be written off and I would receive the full payout, less excess, or I could have received the repair value in cash and kept the car, unrepaired, but also uninsurable. If the car had been newer, I might have taken the cash, fixed it myself then reinsured it, but being a wagon and not worth much, I took the write off option.

 

[Sabbath']

If it's a write-off the insurance company will most likely take the keys off you on the spot, give you time to collect your belongings out of it and then hire you a taxi.

 

[VL-EXEC]

i have 3rd party, accident was another guys fault, i got market value for mine, and the car back -minus towing fees to bring it to my house, car was classed as a repairable write off, all it needed was a new bar, bonnet and bumper bar support