mikeef
Banned
Registered: 20th Aug 06
Location: Kent
User status: Offline
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He posted this on another forum...
quote:
Basically recived a letter finally from me insurance after sending onfo backwards and forwards for 7 months!
Heres the letter.
It is condition of settlement and a legal requirement that you send us this form , fully completed
Market Value £ 6,000,00
Market Value @ 87% £ 5,220,00
Less Excess £ 150
Less Remaining Insurance Premium £ 425
Settelment Figure £ 4,617,05
Now 2 years ago i paid 13k for the car it is a / was
Volvo C70 2.0t 2001 (X Reg)
Soft top
80k Miles
Perfect Condition
etc etc
I checked the parkers price guid and in there it states the trade in value @ £6,000,00 , so how the hell could i buy a like for like car at that price!!
Dealer 1 was valued @ 7,500.
Just need some help on what exactly to write im not used to any of this and have never been involved in anything insurance related.
Any one been in this boat? and any ideas what to write?
Any idea's?
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Mikorsa16v
Member
Registered: 2nd Sep 02
Location: Burgess Hill, West Sussex
User status: Offline
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i lost interest when i saw your figures have shit commas in! 
[Edited on 15-07-2007 by Mikorsa16v]
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Mikorsa16v
Member
Registered: 2nd Sep 02
Location: Burgess Hill, West Sussex
User status: Offline
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Cant you prove things like mileage is exceptionally low for year if it is and things which would disrupt the 'by the book' selling i.e. if it had lots of extras that would make it more appealing to sell it 2nd hand. Apart from that he can't do fuck all
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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The figures look OK except for the replacement cost generally being more than the trade-in value, ie. you could sell one for 6 but not buy one.
Also not sure why they're only recognising 87% of that figure? Any explanation?
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Little Vik
Member
Registered: 30th Jun 03
Location: Herts
User status: Offline
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Ok looking in Glasses guide for January (assuming this is when it was written off)
with 60k on the clock
Retail £9425 trade £6975
So where they are getting their figures from i dont know. But i know they do start low and you have to haggle up.
Best thing to do is reply with comprables - e.g print them off autotrader to prove you cant get one for that.
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