Good to see it’ll be back on the road again.
I just sold a 4x4 bonnet the other day too.
I still have two headlights, Cossie bumper and grill here for sale Barry if they’re of any interest.
Brace yourself @BarryPort for the PriceGood to see it’ll be back on the road again.
I just sold a 4x4 bonnet the other day too.
I still have two headlights, Cossie bumper and grill here for sale Barry if they’re of any interest.
I hope it was favourable for you. Good luck with the build, can't wait to see the finished build
Another lesson. I bought the car in 2017 for £10,500 & insured it for £15k.
Clever boy.
Never increased the value on the policy & in the 4 years of ownership it rose to £25>£30k pre accident. So they only paid out £15k (I’ve spent about £5k getting it ).
Silly boy.
So they still paid out the £15k and you keep the car, or do they claim ownership of it ?Another lesson. I bought the car in 2017 for £10,500 & insured it for £15k.
Clever boy.
Never increased the value on the policy & in the 4 years of ownership it rose to £25>£30k pre accident. So they only paid out £15k (I’ve spent about £5k getting it ).
Silly boy.
So they still paid out the £15k and you keep the car, or do they claim ownership of it ?
It’s probably worth a lot more than £5k salvage if they really looked into it so even if they say had paid you £25k for it but increased the salvage value you may still only have got £10k as the difference. Given the top value had shot up they would be justified to say the accident damaged value is higher due to value of the undamaged parts now and how relatively little it will take to get it back to a £30k car. Does leave it though with an insurance write off category against it which harms future value, not an issue if you never sell but someone will sell at some stage.
Insurance always wins. Take what you can get and move on. If you had insured it for a high agreed value then the premiums would have gone up significantly instead. And higher scrap value as you say.
Swings and roundabouts and all that. Just how the dice roll. No point dwelling on it, it is what it is.
Clarity.
The claim was settled today after 2 months of uncertainty.
I’ve insured hundreds of cars, a handful of properties & my health but this was the first time I’ve ever made a claim (against my own policy lol).
It would have been made a lot smoother if I had the V5C in my own name.. don’t ask why I thought I was being clever by not adding my name to this 2 owner car. Proving ownership to insurance was a headache I didn’t need. Lessons learned.
Anyway, the car is with me for life so I will update the logbook accordingly.
Here’s a quick vid I took for RMS, might document the build on YouTube.