Sad Hail Damaged Polo 6R GTi

[GTIPolo6R]

Wait, sorry I think I'm a bit slow here but what's the difference between being paid by the agreed value and paid in full?

I thought agreed value is the value you nominated (which is the price you paid for the car) and agreed by the insurer to cover the car under that value. So if the car was deemed by the insurer as a write off, they would have paid you off in "full" via the agreed value right?

Sorry my bad, what I meant was the market value. The insurance company had the nerve to offer me $19500 on the initial assessment! It wasn't until I complained did they pay me the full 30K I payed for my car.

[walbjj]

i guess it works out for people that want to pick up a car on the cheap and arent too fussed about the appearance. as long as it drives nice

[frozze]

Sorry my bad, what I meant was the market value. The insurance company had the nerve to offer me $19500 on the initial assessment! It wasn't until I complained did they pay me the full 30K I payed for my car.

Ah that makes sense now! What did you choose for your policy initially, agreed or market value? I'm assuming market value?

[Gambit]

I choose agreed value of 32.9 but apparently they calculate a write off based on repair cost being 80% of agreed value? Is this true?

[markwid]

I choose agreed value of 32.9 but apparently they calculate a write off based on repair cost being 80% of agreed value? Is this true?

So what's the latest? Write off?

[GTIPolo6R]

Ah that makes sense now! What did you choose for your policy initially, agreed or market value? I'm assuming market value?

I chose market value initially for my policy. But the market value of $19500 was way too low for my car which was just a year old. They were going to replace it new for old but when I explained to them that I wasn't willing to wait 6 months for a new car, they paid me out for the value I purchased it for (I'm assuming they probably would have had to pay more than the 30K for a replacement so they settled for what I payed).

[frozze]

I chose market value initially for my policy. But the market value of $19500 was way too low for my car which was just a year old. They were going to replace it new for old but when I explained to them that I wasn't willing to wait 6 months for a new car, they paid me out for the value I purchased it for (I'm assuming they probably would have had to pay more than the 30K for a replacement so they settled for what I payed).

Glad it worked out well with RACV, as I've got my policy under them as well.

[GTIPolo6R]

Glad it worked out well with RACV, as I've got my policy under them as well.

Thanks Frozze...yeah glad it did work out alright. But insurance companies are still so hard to deal with, doesn't matter which one it is. I got my GTI insured with them again but this time under an agreed value policy.

[TCO]

Today was a very sad day for me and family, went to a family christmas day lunch in Sydenham, and not too long after the biggest hail storm i have ever seen smashed through the area!!

Hailstones the size of tennis balls !! and unfortunately this is the result

Cant get through to the insurance company yet, anyone know whether this will be written off, i think more than likely.
A very sad Christmas Day....

Sorry to hear about this.

If it were me, I would aim for a replacement car with the same spec - drive this one until the new one comes.
OR,
If the Insurance won't write it off, ask them to pay out the repair value, keep the car and drive it as is.

I would not like to have it repaired as it will take time to repair and depending on the repair, may not be to the same standard as original.

Just my view.

[Gambit]

Thanks for that these are really good ideas. I really dont want to have it repaired either. I have the assessment tomorrow Arvo. So fingers crossed they write it off it not I will ask for the alternatives.