Dispute insurance offer & gap

Honest John Back Room » Motoring discussion
View Threaded
Mon 3 Jul 2006 15:48
Dispute insurance offer & gap - mark1969
Dear all

I have received an write off offer of £3000 for my T plate Honda Accord 1.8 SE Exec (120k miles) - book value c. £2400 (no fault accident). I paid £7000 for it in August 2002.

Is it worthwhile to ask for a bit more, or should I count my blessings and accept their first offer?

I am considering GAP insurance for my replacement purchase, a Polo 1.9 SDI 05 plate (£7000). Best price so far (3 years) is £150 from www.click4gap.co.uk (Hitachi finance) [no connection].

Is GAP worthwhile? Are there better providers out there?

Views / answers welcome

Mark
Reply | Report as offensive | Link
Mon 3 Jul 2006 15:52
Dispute insurance offer & gap - No FM2R
£3,000 for a car worth £2,400 ? And you have to ask ?

As long as the book value reasonably represents to cost of getting another, I'd suggest you think yourself lucky and move on.
Reply | Report as offensive | Link
Mon 3 Jul 2006 16:04
Dispute insurance offer & gap - mark1969
Working on the principle of 'if you don't ask, you don't get', I was hoping that the assessor will always keep a little bit back.

Any views from anyone who has been through this before?
Reply | Report as offensive | Link
Mon 3 Jul 2006 16:20
Dispute insurance offer & gap - local yokel
To do so, the assessor would need to see evidence that the retail price of a very similar condition vehicle was more than you are being offered.

Can you provide such info.?
Reply | Report as offensive | Link
Mon 3 Jul 2006 16:35
Dispute insurance offer & gap - mark1969
I have yet to find a model of similar spec and condition as my well cared for car.

In searching for a direct replacement, most if not all of the vehicles I have seen are tired and very worn (Civics and Accords). I've seen cars that look in a poorer condition that have only done 60,000 miles (if you believe the mileometer) at £3600 (franchise dealer).

So in brief. It will be very difficult to prove.

Reply | Report as offensive | Link

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 insurance