- Joined
- 9 May 2004
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- 124
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Morning all,
My car was involved in a collision last November. My car was parked and unoccupied and a van drove into it. The guy stopped at the scene, admitted liability etc - all credit to him.
I contacted my insurance company and they forwarded me to a claims management company. I've had no other contact with my insurance company. The claims management company have been...let's just say poor at representing me.
My claims management company arranged an independent valuation and the repair value was about 40% of the value of the vehicle. They said the parts would take 3 months to obtain which meant that, in the eyes of the other guy's insurance company, it was unviable to repair (because of the hire car cost that they were paying for). All this kind of happened in the background without any input from me. I received a cheque for 100% of the valuation of the vehicle, however this was (as it always is!) lower than I was expecting.
I obtained a copy of the independent valuation. This took place without the valuer actually visiting the vehicle. It specifically stated that there were no extras fitted to the vehicle which was incorrect. I contacted the claims management company who were unhelpful, basically saying that they don't value the vehicle so there's nothing they could do about it and because I'd received a cheque, they were no longer dealing with the case. They also took my hire car back.
I contacted the valuation company who were really helpful. They asked for receipts for the extras - some (most of them) they said did not increase the value of the car - reversing camera, heated front windscreen and the like - surprising but fair enough. However, there were some things that did increase the value. They were using Glass's guide for this. He issued an updated valuation (about a grand's difference) and sent it to my claims management company. My claims management company failed to send this on to the third party as they considered the case closed so I got a copy of the report and forwarded it myself to the third party insurance company. They are now saying that they won't increase the offer as the original valuation was correct.
So where do I stand legally? What options do I have? They dispute the independent valuation but coincidentally agree precisely with the original one. What if they were to offer just £1 and claim that's all it's worth? Where is the line drawn of what I have to accept and what can I challenge? How do I challenge it? I can't contact the financial ombudsman as this only applies to my own insurance company, not a third party.
Also, as everyone agrees that the car is repairable for only 40% of it's value, I'd like to get the cat D write-off and get it repaired. They've quoted a value which is a good 25% above the Glass' valuation for this type of salvage. Do I have any rights there or is that just a commercial negotiation and they can sell it back to me (or not) at any price they wish?
Thanks for your thoughts,
Nick
My car was involved in a collision last November. My car was parked and unoccupied and a van drove into it. The guy stopped at the scene, admitted liability etc - all credit to him.
I contacted my insurance company and they forwarded me to a claims management company. I've had no other contact with my insurance company. The claims management company have been...let's just say poor at representing me.
My claims management company arranged an independent valuation and the repair value was about 40% of the value of the vehicle. They said the parts would take 3 months to obtain which meant that, in the eyes of the other guy's insurance company, it was unviable to repair (because of the hire car cost that they were paying for). All this kind of happened in the background without any input from me. I received a cheque for 100% of the valuation of the vehicle, however this was (as it always is!) lower than I was expecting.
I obtained a copy of the independent valuation. This took place without the valuer actually visiting the vehicle. It specifically stated that there were no extras fitted to the vehicle which was incorrect. I contacted the claims management company who were unhelpful, basically saying that they don't value the vehicle so there's nothing they could do about it and because I'd received a cheque, they were no longer dealing with the case. They also took my hire car back.
I contacted the valuation company who were really helpful. They asked for receipts for the extras - some (most of them) they said did not increase the value of the car - reversing camera, heated front windscreen and the like - surprising but fair enough. However, there were some things that did increase the value. They were using Glass's guide for this. He issued an updated valuation (about a grand's difference) and sent it to my claims management company. My claims management company failed to send this on to the third party as they considered the case closed so I got a copy of the report and forwarded it myself to the third party insurance company. They are now saying that they won't increase the offer as the original valuation was correct.
So where do I stand legally? What options do I have? They dispute the independent valuation but coincidentally agree precisely with the original one. What if they were to offer just £1 and claim that's all it's worth? Where is the line drawn of what I have to accept and what can I challenge? How do I challenge it? I can't contact the financial ombudsman as this only applies to my own insurance company, not a third party.
Also, as everyone agrees that the car is repairable for only 40% of it's value, I'd like to get the cat D write-off and get it repaired. They've quoted a value which is a good 25% above the Glass' valuation for this type of salvage. Do I have any rights there or is that just a commercial negotiation and they can sell it back to me (or not) at any price they wish?
Thanks for your thoughts,
Nick