How do insurance companies calculate the value of a write off?
On what basis does an insurance company calculate the payout figure of a write-off? If it decides to write off my badly accident-damaged car but I think the figure is too low, what are my options?
Asked on 20 May 2019 by Allan Blunden
Answered by
Honest John
They will reference Glass evaluator, CAP guide and CAZANA to value the vehicle. I suggest you do the same, you can then see if they are being fair or not. Advise you are disputing the value and wish to make a complaint. Then escalate to the Financial Ombudsman Service if you are still not happy.
We give you the low down on how to save on insurance, little-known tricks and tips, what insurance groups mean and how to use insurance aggregators to beat insurers.
Insurance group finder and how to save on insuranceSimilar questions
How is a write off valuation arrived at and how can it be challenged?
Someone reversed into my car from a car park space as I was driving along and crashed into the side of my car. My insurance company have said it is a write off and that my finance company won’t accept...
My car has been declared a total loss as the repair cost is significantly higher than the market value and I expect an insurance payout. However my insurance company will not take into account the £3300...
.jpg)
