Thanks for the wake up call, Mum...

[goodfella]

....my current insurance states in writing that it's insured for 7k...

My understanding (from exp 10 yrs ago) if your car is insured for 7k and its a write-off, you should hit up your insurer for that and its their job to deal with the other insurer to recover the funds. Thats why we pay insurance, is it not?! If it were down to market value, then why have an cover figure in the insurance policy?

Has this changed in recent years?

[VW GTI]

My understanding (from exp 10 yrs ago) if your car is insured for 7k and its a write-off, you should hit up your insurer for that and its their job to deal with the other insurer to recover the funds. Thats why we pay insurance, is it not?! If it were down to market value, then why have an cover figure in the insurance policy?

Has this changed in recent years?

Now it's a choice. Agreed or Market Value. Obviously if agreed value is higher than market your premium may be slightly higher.

[goodfella]

I understand the premium pricing, I was referring to the payout in the the event of an accy.... If Mickey's current policy states 7k (agreed or other), then thats the figure he should receive on write-off. Then its up to him to make arrangements for buying back the "wreck".

Mickey, a quick call your insurer with the right questions should give you more peice of mind, they will shed more light on their policies rather than running to different repairers. Just dont commit to an binding agreeements, only ask for info.

[Mrk_Mickey]

What I've been told is that seeing as my insurance is only third party and not comprehensive, my insurance company won't actually do anything; ie they're not involved. They've told me that I have to organise it with the NRMA and get quotes or whatnot, then I should get it assessed by NRMA so that the whole price figures become official, and then the car can be fixed provided the damage costs don't exceed 75% of the value of the car (whether or not I can haggle that value I'm not sure).

Anyways after speaking to someone today I've booked it in for assessment. I'll hear back from the repairer when he has information; he'll tell me when to come in to get it assessed and we'll go from there. If the NRMA say that it won't need to be written off, I'll be getting practically half the car resprayed (yay). If the NRMA reckon it should be written off, it doesn't actually HAVE to be written off then...I can agree to a cash settlement with the NRMA for what my car was worth, minus what it is worth in 'wreck' condition. Ie car's value 7k minus 1.5k for the car, and i get my car back and 5.5k. Then I can do whatever I like with it.

[Mrk_Mickey]

Uh-ohh........

Repairer rang me back to say it's booked for an assessment next monday morning. Unfortunately, he reckons that NRMA uses www.glassguide.com.au for car valuations and that won't swing much even though mine is in good condition....so at BEST i might get it valued at 5.8k. F***ING GREAT.

[mikinoz]

At 5.8K you will get that repaired, even if it is a write off.

Through no fault of your own, your car has been damaged. You have the right to get it repaired.

6K is peanuts compared to some costs that they have to pay out.

Best of luck mate.

[fuzion]

ouch thats nasty dude! least the other driver was alright too!

i remember one night i was driving and i saw a car weaving a bit behind me, 30 sec later it went straight into a e34 5 series that i just passed... ouch!

your welcome to call Damian / Dave @ Jade Auto in Rosebery (9663-0427) .. tell them i sent you. I'll make sure he does your wheels for you too LOL

he will tell you straight out what he can do for you and work it out so you will end up knowing if you will lose it/so you can strip it there etc..

good luck dude!

[chris.]

really sorry to see man

but this might make you feel alittle better
when my first vr6 (1994 - silver - 250 000kms - and simalar mods as yours) had its small engine bay fire my insurance company wrote it off and i got 6.5k minus 1.5k (which was my exese) and they gave me the car back FREE! all i had to pay for was the tow from aami to my house

so you might have good come out of this?

best of luck with it anyway

[Mrk_Mickey]

ouch thats nasty dude! least the other driver was alright too!

i remember one night i was driving and i saw a car weaving a bit behind me, 30 sec later it went straight into a e34 5 series that i just passed... ouch!

your welcome to call Damian / Dave @ Jade Auto in Rosebery (9663-0427) .. tell them i sent you. I'll make sure he does your wheels for you too LOL

he will tell you straight out what he can do for you and work it out so you will end up knowing if you will lose it/so you can strip it there etc..

good luck dude!

Cheers Pierre, I'd like to get in touch with them because people have always said good things about them. To be honest I haven't actually been given a straight QUOTE yet either, so I might go see them tomorrow. Will going to them and getting a quote make anything complicated with the assessment on monday?? I reckon Jade Auto would be a better place to get my car repaired than where it's getting assessed, so if they give me good news I'd prefer to ''leave it with them'' sort of thing.

[Mrk_Mickey]

Okay well I've finished cleaning it within an inch of its life (that includes spare wheel well and ALL of the door jambs (the bits that are impossible to get)) so hopefully the guy assessing it won't insult me by valuing it badly while its in good condition..


Fingers crossed!