****! Rear Ended Again! :( |
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Dergside
Really Senior Member II Joined: 16-May-2004 Location: Mid West, Ireland Status: Offline Points: 4000 |
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Posted: 23-June-2008 at 11:47 |
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Is it any wonder that insurance rates are silly when you see the amount of man hours spent in trying to wriggle out of or reduce the valuation and payout? If they just paid the real value on day one instead of haggling then it probably would cost them less than the lower original offer and the cost of time (even just theirs) spent farting about and splitting hairs since. BTW - is there any pre-existing reason that would prevent it from passing the NCT? If not, get it tested and if it fails on anything related to the accident damage then they can't wriggle out on that one. It might also be worth pointing out that the payout should be based on the market value and condition (i.e. NCT'd) immediately prior to the date and time of the accident. If market values have changed since then, its their problem. You can be sure that if there was a reason why market values had increased since then that they would be looking to pay based on the value at the time of the accident. Edited by Dergside |
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Now: BMW 523i SE '00, 318i SE - e91 '07, 325i Coupe '93.
Prev: e46 328i SE Touring, 330Ci, 318Ci. e39 523i SE. e36 325i Coupe *2, 323i SE, 316iSE. e30 325iSE 2dr, 320i Conv, 320i 2dr, 316i. |
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kbannon
Admin Group E39 525i Sport Individual Joined: 09-October-2002 Location: 64 Zoo Lane Status: Offline Points: 15508 |
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Another update: apparently the insurance company have slightly upped their valuation of the car. However, the valuation is reduced to realise the fact that it hasn't a current NCT (MoT).
What they seem to have forgotten is that it doesn't have this because someone drove into the back of it and the insurance company haven't sorted it out. |
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Current: 2009 E60 520d "Sport" tractor
Previous: 1989 E30 320i SE 1997 E39 523i 2003 E39 525i Sport Individual |
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d8mbn
Groupie Joined: 07-February-2006 Location: somerset Status: Offline Points: 69 |
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sorry to see damage k hope you ok his missus prob left him kos his car was crap |
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if it aint fixed break it
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kbannon
Admin Group E39 525i Sport Individual Joined: 09-October-2002 Location: 64 Zoo Lane Status: Offline Points: 15508 |
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Still, I'm getting to watch the early footie this week
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Current: 2009 E60 520d "Sport" tractor
Previous: 1989 E30 320i SE 1997 E39 523i 2003 E39 525i Sport Individual |
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kbannon
Admin Group E39 525i Sport Individual Joined: 09-October-2002 Location: 64 Zoo Lane Status: Offline Points: 15508 |
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Using it as a daily driver so my wallet is a kind of empty. Lovely car to drive but with the price of fuel and the fact that I got 12.5mpg on the way home last Tuesday, its only a temporary car. |
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Current: 2009 E60 520d "Sport" tractor
Previous: 1989 E30 320i SE 1997 E39 523i 2003 E39 525i Sport Individual |
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JohnH
Really Senior Member II Joined: 18-June-2004 Location: Ireland Status: Offline Points: 1315 |
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Great minds.... or fools seldom..? That said I did see a 90k mile 02 520i sport in the UK for 4kStg on pistonheads yesterday. |
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Mick525i
Bavarian-Board Contributor Joined: 29-November-2005 Location: Dublin Ireland. Status: Offline Points: 1823 |
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What about the 7 series you had K??
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Cheers
Mick BMW E21 318 1980 BMW E39 525i 2002 MTech VW Golf Gti 2003 |
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kbannon
Admin Group E39 525i Sport Individual Joined: 09-October-2002 Location: 64 Zoo Lane Status: Offline Points: 15508 |
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...anyone want to buy a used bootlid - kind of CSL shaped now?
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Current: 2009 E60 520d "Sport" tractor
Previous: 1989 E30 320i SE 1997 E39 523i 2003 E39 525i Sport Individual |
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kbannon
Admin Group E39 525i Sport Individual Joined: 09-October-2002 Location: 64 Zoo Lane Status: Offline Points: 15508 |
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That though had crossed my mind John
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Current: 2009 E60 520d "Sport" tractor
Previous: 1989 E30 320i SE 1997 E39 523i 2003 E39 525i Sport Individual |
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JohnH
Really Senior Member II Joined: 18-June-2004 Location: Ireland Status: Offline Points: 1315 |
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Why not take the money, break the car. Buy Dergside's and transplant any bits you want. Sounds like a win win to me |
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Dergside
Really Senior Member II Joined: 16-May-2004 Location: Mid West, Ireland Status: Offline Points: 4000 |
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Killian, that's not too bad a price in todays market. I know it sounds severe though. Mine is a similar age, although miles on mine are probably a lot higher than yours. I advertized mine on carzone for ages recently and had progressively dropped the price to euro3.8k without even getting a call (if you ignore the "what is your lowest price" calls and txt's from people that haven't even asked a question about the car). Eventually I just took it off the web, looking to see if I can shift one of the others as my sisters e46 328i Touring is gathering dust waiting for me to buy it. I'd take the money, keep the car and break it. With the spec on yours there is a lot of value to extract from just the big bits on breaking it. |
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Now: BMW 523i SE '00, 318i SE - e91 '07, 325i Coupe '93.
Prev: e46 328i SE Touring, 330Ci, 318Ci. e39 523i SE. e36 325i Coupe *2, 323i SE, 316iSE. e30 325iSE 2dr, 320i Conv, 320i 2dr, 316i. |
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autofix
Really Senior Member I Joined: 23-August-2003 Location: Kildare Status: Offline Points: 294 |
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Killian, Try and argue the value of the car upwards. I doubt you will get very far but you may get a little more. Also argue the salvage figure down. There is no way that any breaker would value that salvage at 800. Just to give you an idea, I had a very similar 98 written off a few weeks ago at 5200 with a salvage figure of 500. Another way to look at it is this. If you want yo keep the car and they are going to give you 4000 then its not too bad. looking at the pics I would think you will get that repaired for a lot less than the estimate. |
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Kane Automotive
Mercedes, BMW and VAG Diagnostic Specialist |
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Sporty1
Really Senior Member II Joined: 18-October-2006 Location: Hertfordshire, United Kingdom Status: Offline Points: 2297 |
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Insurance company's will always 'lowball' to start with. |
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Sport Evolution Schwarz #043 |
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kbannon
Admin Group E39 525i Sport Individual Joined: 09-October-2002 Location: 64 Zoo Lane Status: Offline Points: 15508 |
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My solicitor is just off the phone to me.
Apparently the valuation is based on a salvage amount of 800 so they are actually offering me under 4K. This means that to get my car fixed will end up costing me money. I have asked him to appeal the amount they are giving and have pointed him towards various prices online (including one for 10.5K!). Most of those online are of a lower spec than mine! Don't know whether to or |
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Current: 2009 E60 520d "Sport" tractor
Previous: 1989 E30 320i SE 1997 E39 523i 2003 E39 525i Sport Individual |
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kbannon
Admin Group E39 525i Sport Individual Joined: 09-October-2002 Location: 64 Zoo Lane Status: Offline Points: 15508 |
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I get to keep the car apparently.
The damage consists of: * bootlid * bumper * bumper trim & boot mouth trim * rear body plate * floorpan dented * right rear chassis leg dented |
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Current: 2009 E60 520d "Sport" tractor
Previous: 1989 E30 320i SE 1997 E39 523i 2003 E39 525i Sport Individual |
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Andrew Rolland
Moderator Group Go away rain Joined: 19-August-2004 Location: Scotland Status: Offline Points: 6579 |
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Oh no! Really sorry to hear that K. I was looking at your pics earlier, damage doesn't look that bad does it? That's not a bad value for the car, that's over 3k Sterling init? I got about that as a trade in for my 1 year newer E39 last year. You could buy it back off the insurance company and get it fixed yourself? Andrew |
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Be exclusive and drive a Petrol 5 Series!
Current '13 62 F10 535i MSport Auto Previous '04 04 E60 545i SE Auto '03 53 E60 545i SE Auto (Stolen) '98 S E39 523i SE Auto |
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kbannon
Admin Group E39 525i Sport Individual Joined: 09-October-2002 Location: 64 Zoo Lane Status: Offline Points: 15508 |
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Update: My insurance appointed solicitor eventually called me back today. Apparently the assessor has put a figure of 4,600-4,800 on the value of the car and the repairwork is 4,900approx. They want to go for an economic write off. I asked the solicitor to get them to avoid the write off declaration if they can.
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Current: 2009 E60 520d "Sport" tractor
Previous: 1989 E30 320i SE 1997 E39 523i 2003 E39 525i Sport Individual |
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kbannon
Admin Group E39 525i Sport Individual Joined: 09-October-2002 Location: 64 Zoo Lane Status: Offline Points: 15508 |
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Thanks Ian.
I have seen your pic! |
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Current: 2009 E60 520d "Sport" tractor
Previous: 1989 E30 320i SE 1997 E39 523i 2003 E39 525i Sport Individual |
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Bigian
Really Senior Member II Joined: 25-May-2005 Location: Stonehaven Status: Offline Points: 2167 |
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Kb hope your prob is being sorted i now have had 1 a kind young person has just reversed in to front of car . Luckily for him he only got black plastic strip on bumper and seemed to be really thankfully i did not thump him for people who have met me or seen a pic of me will understand why he was thankfull.
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If you can't be good don't get caught
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Rhys
Moderator Group Coffee addict... Joined: 02-February-2003 Location: from the Latin locātiō Status: Offline Points: 10053 |
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Nice.. |
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V reg Rustbucket Merc C220 Cdi estate
J Reg Saab 900i 16v '63 Ford Anglia 105e deluxe R reg Honda PC50 moped.. No BMW as yet... |
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