Absolutely Disgraceful!

Hazzagray

Hazzagray

Member +
I have just had the settlement figure back form Admiral in regards to my accident, and this is what they have offered me

Market Value £1,400.00
Less Excess £600
Less Remaining Insurance Premium £476.61
Less Salvage Value £150
Settlement figure £173.29


What should i do as that is disgraceful?

Its a Glanza V which I said was worth min £3500
 
T

Tobz91

Member +
Hazzagray said:
I have just had the settlement figure back form Admiral in regards to my accident, and this is what they have offered me

Market Value £1,400.00
Less Excess £600
Less Remaining Insurance Premium £476.61
Less Salvage Value £150
Settlement figure £173.29


What should i do as that is disgraceful?

Its a Glanza V which I said was worth min £3500
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Reject the quote, and push for more. They do offer silly amounts from what I hear and you just have to fight them out, you want top dollar as no doubt you paid top dollar for your spanking starlet! *Edit* and no doubt the insurance to go with it :)

Take your time no rush while your presumably taking advantage of that poor un-loved courtesy car. :p
 
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Hazzagray

Hazzagray

Member +
They didnt even give me a courtesy car lol! so im living with a rahter sad looking/driving purple polo...i miss boost!

where do they get their market values from? cos if i can buy a Glanza for £1400 ill buy 2!
 
Jay

Jay

Admin
Their market value seems poor. Even my auto GT was valued at £2500 when the damage was estimated.

Hit them back with proof of the market value - a few printed ads from Ebay, Pistonheads and Autotrader should get them to rethink matters. Explain that it isn't a bloody Sportif.. ;)
 
W

wesgt

Lifer
yeh just refuse this! there chancing there arm (god i hate insurance companies!!) as said above print a few ads from the internet, ones from a garage may even be better. if that doesn't work get a solicitor! don't take this lying down whatever you do
 
D

dont_tell_him_pike

Member +
When my Sera got written off the offered me £2500. I wrote back telling them this was unfair and detailing the huge ammounts spent on the car (along with recipts), they revised it up to £4250. Still not really enough, I wrote again arguing this was still below market value and also asking they give me a chance to salvage uprated components, this time they didn't revise it upwards but agreed to loan me the wreck until I've stripped it of anything of use. I decided to accept this offer, get the turbo engine in my new Sera and get on with life.
So, it's definitely worth fighting them for more...
 
Hazzagray

Hazzagray

Member +
The scrap value is because i have bought the car off them in order to sell to you lovely chappies and chappettes on here! i think ill do what you guys say and get ebay/ph/autotrader adverts and send to them.

its taken them weeks to do that and its just really pissed me off! i dont know why they are making me pay the rest of the insurance for it though!
 
Starlet_Sam

Starlet_Sam

Moderator, Regional Area Reps Supervisor & Gay Car
All insurance companies will charge what you owe them, otherwise people could buy insurance and crash it immediately leaving the insurers to pay out thousands for pennies!
 
E

easty-5

Member +
Admiral don't insure Glanza's. It isn't on their under writers books. I went through it all trying to insure my old Glanza with them. That settlement value will be being based on the car being a UK starlet sportif or whatever. Hence the Market value.

You wouldn't have been insured properly so I am surprised they are paying out anything at all. Maybe the inspector can't tell a turbo engine from a N/A lol.
 
J

jam35

Member +
what does your insurance certificate state on it if it is not down as a glanza v then you are stuffed mate.if you send in evidence of the market value of a glanza and they pick up on it then they wont pay out anything.:(
 
C

CMR

Member +
easty-5 said:
Admiral don't insure Glanza's. It isn't on their under writers books. I went through it all trying to insure my old Glanza with them. That settlement value will be being based on the car being a UK starlet sportif or whatever. Hence the Market value.

You wouldn't have been insured properly so I am surprised they are paying out anything at all. Maybe the inspector can't tell a turbo engine from a N/A lol.
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X2

Admiral are actually very good when it comes to payouts, I got 6.9k for a car I paid 7k for.

The Admiral group PLC (Bell, Elephant and Admiral) do not insure Glanza V's as Easty pointed out above, they never have and despite what people say "oh i told them its a facelift GT" etc its still not insured correctly. They have recently added Glanza S's onto their books in the past 6 months, so maybe the V will come in the future.
 
Starlet_Sam

Starlet_Sam

Moderator, Regional Area Reps Supervisor & Gay Car
Hazzagray said:
Its stupid! Anybody have any idea why they are taking the rest of the insurance premium off me? £476.61. I pay Monthly if that makes any difference.
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Makes no odds, your not buying insurance on a month by month basis your buying a years insurance on finance. Same contract applies.
 
scot-ish

scot-ish

Member +
i thought that with admiral when i seen this thread.

i very much think thats market value for an SR or the likes, and your insurance is actually void.
 
Hazzagray

Hazzagray

Member +
What happened it i was with them beforehand when i got my Glanza, they called it a starlet gt turbo 'facelift'. took me an age to sort it out! eventually i got it through and all was well, until my accident, first they switched to another car when i asked to add it to my policy, they then switched back n then said the glanza wasnt insured. i explained the Dilemma to them and they said they would honour it as i paid over 1k insurance for a year and a bit. so they know its a glanza, and they are happy it is. so i think they have gone on sportif prices.

So my insurance isnt void. dont worry, i triple checked it to make sure i was alright before actually claiming.
 
Gav_Kara

Gav_Kara

Member +
Jay said:
Their market value seems poor. Even my auto GT was valued at £2500 when the damage was estimated.

Hit them back with proof of the market value - a few printed ads from Ebay, Pistonheads and Autotrader should get them to rethink matters. Explain that it isn't a bloody Sportif.. ;)
Click to expand...

What he says mate,I had to do same and rejected first offer!
 
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