allawyg Posted November 21, 2008 Share Posted November 21, 2008 Hey guys, need some advice, im with sky insurance who put my insurance with QBE. I had a bad accident last night in my supra, im worried they might write it off. at what point do they classify a car as a write off, has anyone dealt with QBE insurance. I have loads of mods and a body kit. apparently they cover the mods like for like. Quote Link to comment Share on other sites More sharing options...
hoff Posted November 21, 2008 Share Posted November 21, 2008 Sorry to hear that mate. I hope everyone is ok. Quote Link to comment Share on other sites More sharing options...
allawyg Posted November 21, 2008 Author Share Posted November 21, 2008 yea, I smashed into a sign post like an idiot. lol everything is ok thanks mate. im just worried about my car. dont want insurance people to take it. they estimate the car to be worth 12k but its got like 40k worth of mods on it. takes the P*SS Quote Link to comment Share on other sites More sharing options...
hoff Posted November 21, 2008 Share Posted November 21, 2008 Have you spoken to Guy (sky insurance on here) regarding the situation. He should be able to give you the info you want:) Quote Link to comment Share on other sites More sharing options...
Snooze Posted November 21, 2008 Share Posted November 21, 2008 Did you have an agreed value arrangement on it? All mods declared? Quote Link to comment Share on other sites More sharing options...
allawyg Posted November 21, 2008 Author Share Posted November 21, 2008 yea all mods declared. I dont know about a agreed value arrangement. but what I want to find out is at what point do they declare the car a write off. if they reckon the car is worth 12k and theres 8k damage, is there a certain percentage or is it just as long as the damage doesnt exceed the cost of the car? Quote Link to comment Share on other sites More sharing options...
SilverSoop Posted November 22, 2008 Share Posted November 22, 2008 Jesus!! Hope everyone is OK... Quote Link to comment Share on other sites More sharing options...
Supra Size Me Posted November 22, 2008 Share Posted November 22, 2008 Sorry to hear this, hope all are o.k. what happened ? Quote Link to comment Share on other sites More sharing options...
Dyer864 Posted November 22, 2008 Share Posted November 22, 2008 This happend to me with sky and their insurers , rear end came around and thew me into wall , buckled wheels and very minor scrapes on bodywork , wrote my car off [sHOCK][/sHOCK] , said major suspension damage , didnt even move my car from outside the house to put on ramps etc ,to investigate total damge . gave me agreed value, but car on done 48,000km and i couldn't buy it back off them !! I contested the outcome , took it to a respectable garage for a report, nothing major wrong, had to have a full geoset up and report ,and sent it to insurers who then with drew their findings and cleared my car with out any reprocussions Quote Link to comment Share on other sites More sharing options...
Branners Posted November 22, 2008 Share Posted November 22, 2008 I would always let them write a car off. Once you smack a car its never the same. I would never have a car rebuilt after a serious accident. Just buy another one and start again. Bit of a bugger about the mods if they arent on agreed value, but again you can probably buy the car back and strip the parts off. Quote Link to comment Share on other sites More sharing options...
TopgunTT Posted November 22, 2008 Share Posted November 22, 2008 Sky dont do agreed value unless your an old customer and took out insurance with them before 2007. Quote Link to comment Share on other sites More sharing options...
JohnnyBoy Posted December 8, 2008 Share Posted December 8, 2008 I would always let them write a car off. Once you smack a car its never the same. I would never have a car rebuilt after a serious accident. Just buy another one and start again. Bit of a bugger about the mods if they arent on agreed value, but again you can probably buy the car back and strip the parts off. Hi guys, I will be collecting my first supra in a few weeks and I'm on the hunt for a good deal on insurance but I'm a bit confused with this 'agreed value' thing. I kinda agree with branners when he says a smacked car is never the same (and even if it is you will never be 100% sure and not knowing will just do your head in). On the other hand insurance companies are known for declaring a car a write off with minimal damage so IMHO its a bit of a grey area... Anyway, should you get an agreed value? Is it something that is nice to have but it doesn't make a big difference? Or is it one of those things that if worse comes to worse you will regret not having it for the rest of your life? =P I've got a good quote with greenlight with like for like on all extras but no agreed value. How much should I pursue it...? I don't have much experience with insurance companies so feel free to explain the very basics if you feel like it. Thanks guys Quote Link to comment Share on other sites More sharing options...
albundy68 Posted December 8, 2008 Share Posted December 8, 2008 If you don't have an (official) agreed value on the policy (as per sky pre 2007) the insurer will make up their own minds on the value of your car despite what it might say on the document. They would base if it is economical to repair on this value. Once the car has been assessed you can get the report with the damage, estimated cost to repair and their estimated value. Then u can contest, they'll always give a low value and a high cost to repair in my experience, but you can get your own estimate and provide adverts of simmilar supes for sale to prove its worth. I don't fully agree with branners, it depends on the situation, they wrote mine off as uneconomical to repair with minimal rear quarter damage and hugely over estimated the cost to repair, so I took the write off money then bought the car back and got work done myself (rear 1/4 dent doesn't show when its under a TRD wide arch kit), 5 years later the cars still fine mechanically. I have a feeling that if the cars as bad as u think, you may be better off letting them write it off, but if you do make sure you don't accept their first offer, (unless its fair). Then you could see about buying back and getting your mods off then selling on for parts, its been done many a time before. Quote Link to comment Share on other sites More sharing options...
albundy68 Posted December 8, 2008 Share Posted December 8, 2008 Oh, and if u do want to buy back make sure that's sorted as part of the deal before they pay out, then you know it'll go through. If they write it off as anything other than a cat d (which is lowest if I remember correctly) you'll have a nightmare fixing as anything higher would indicate structural/chassis damage. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.