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write off insurance value ????

medicus

Well-known member
Joined
21 Oct 2014
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1,517
a colleague has had (looks like it will be, due to chassis damage)his porsche 996 turbo written off in a non fault accident (he was stationary)
now he has been reading about Insurance companies offering low ball prices, and/or trade price for the car.
i understand that the Insurance should pay out the "market" value, enabling him to replace the car, now here lies his worries, his car was a showroom example, it had every extra from porsche known to man, and was an eye full, will he just get whatever the glasses/cap type guides show for trade price? as he could not replace the car for that?
he does have photos etc,
can he get a valuation that would show the car was far and beyond the norm that would be acceptable to the insurers.
any advise welcome.
ps: his hire car is a mazda crossover people carrier type thing (CX)...lol.
the body shop has said there estimate for repair is £13,600
and apparently the truck that hit it, has £400 damage to the front wheel.
 
I'd start collecting adverts from various sources with similar examples to his, also local to him (say 50 mile radius). Completed listings are on eBay are a good source as it states what they sold for if on auction.

As always with Insurance cases - it's never black and white, just a big grey ping-pong table. They'll make an offer, he makes a counter offer, they make another, and so on.

The more hard evidence he can collect, the better.
 
Interesting, the Insurance companies will try and rap3 you silly if they can get away with it, we all know this

market value to them is allways going to be the low ball park offer, I say stand firm, gather evidence and a file of all the pictures and receipts that you have plus any associated adverts for similar cars ? If you can proove to them the TRUE value then there should be no arguments !

I had to have an agreed value at Classicline as could not risk them paying out circa £30-35k if disaster happened....mu thuing works is £10k, suspension and brakes another £5k, carbon fibre another couple, bucket seats another couple...etc....etc

I would reccomend an agreed value policy going forward and wish him GOODLUCK
 
Your friend is in for some aggressive negotiating.
Much more so if he used a volume insurer off comparison sites rather than a specialist prestige marques broker.

Market valuation with the latter would see less arguing than with the former.
 
That's a low ratio for repair cost versus value.
Most 996 Turbo cars are mid/high £30k.

I thought repair cost in excess of 70% of a cars value puts it into a total loss situation ( Cat D?).

Perhaps chassis damage in this example is what's putting it into a total loss situation?
 
cheshire911 said:
That's a low ratio for repair cost versus value.
Most 996 Turbo cars are mid/high £30k.

I thought repair cost in excess of 70% of a cars value puts it into a total loss situation ( Cat D?).

Perhaps chassis damage in this example is what's putting it into a total loss situation?

i first thought that, but talking to an independent broker they said if its £circa 13,000 they would cat D the car, and sell the car to a breaker, and get a good part of that back?
meaning they only have paid out £5K ish
or something like that??

will it be a drama for him that both sides are with the same Insurance
(privilege/direct line)
 
That is strange. I don't see how they can draw a line ay a value of repair in isolation. It should be repair costs as a % of valuation.

Can't help you with the enquiry about both being with the same insurer.

As a general note, the insurers ate both volume insurers and probably have no idea of values. I have only used a specialist broker at the outset for my Turbo and that too at agreed valuation.

I wouldn't like to risk going through a volume insurer, though there will be many who use them and can quote how happy they are. The test is when it comes to making a claim. Each to their own choice. I'm not saying volume insurers are crap for prestige marques, just that I would not use them.

Let us know how you get on. Let the jousting begin......
 
cheshire911 said:
Let us know how you get on. Let the jousting begin......

+1
 
medicus said:
cheshire911 said:
will it be a drama for him that both sides are with the same Insurance
(privilege/direct line)

Will be interesting where this stands as his insurer should be shouting up for him!

I second what others have said, write down exactly what his car has in terms of SPEC, SERVICING, MILEAGE, NO. of OWNERS, current state backed by photos or an independent inspection of the rest of the car.

Save autotrader, pistonheads, dealer adverts - you can do it within a reasonable radius of where you live too, and share these with the dealer.

When the missus crashed the X5, the first offer was around 5.5k and I think I got 7k in the end - still didn't replace the ONE owner, FSH and spec of the car but much better than the first offer.
 
Yes it certainly helps to collect ads locally and distally with similar cars of same condition (on paper) and mileage as yours and similar service history if it is evident from the ads.

I'd be inclined to challenge a decision to write off as Cat D with what is a reasonable repair cost (for this marque).

I was thumbing through the Porsche Club GB National Event at Althorp Hall that I attended last month. I'd suggest that you might like to try some or all of the following (or rather your friend):

1. Contact PCGB and explore their thoughts on the situation and approx. valuation
2. Thumbing through the official souvenir programme that has loads of ads. consider giving the following body shop specialists that deal with Porsche (I'm simply listing some ads and cannot vouch or make any recommendations for any of them):

Ian Mitchell Autobody Repairs 07877 039 666 (leeds) Ad mentions they "specialise in 'heavy' accident repairs and written off vehicles, specialising in Porsche and other top marques"

Roger Bray Restoration Devon 01404 822005

Premier Panel Skills Farnham Surrey 01252 719699. Their ad claims they are"one of only 15 porsche recommended repairers in the UK

Norfolk Premier Coachworks 01603 615172

I have only listed the ads. No recommendation from me about any of them.

You can also consider speaking to:
Lloyds Autobody at Manchester Airport 0161 437 9911. They do a LOT of high-end marques and can have your car trailered to them and liaise and argue with the Insurance company (possibly?)

Road & Race (NW manchester) 0161 703 8427 They are currently the only Porsche Approved Bodyshop in the North West

Shorade (Cannock) 01543 462240 Porsche and Lamborghini approved and do a lot of high end prestige stuff.

I hope some of these discussions (if you pursue the enquiries with any opf them) bear fruit for you.

Gladiators ready!.......
 
thanks for the help, ill pass it on, he is a quiet unassuming fella, (not like me, lol) and has asked for my help, as he knows me on a professional level, and that I have 2 porkies.
he does not have much fight in him, so I will try to help him as much as I can.

thank you.
 
cheshire911 said:
Your friend is in for some aggressive negotiating.
Much more so if he used a volume insurer off comparison sites rather than a specialist prestige marques broker.

Market valuation with the latter would see less arguing than with the former.

But surely the claim is with the truck co's insurer? Who you're with in that instance would not help. Or would your insurer fight your corner for you, even though they aren't liable in the incident?

I'm amazed the Insurance co is writing off the car for £13k. It wouldn't take a lot to get to that- hitting a deer in my XKR cost my insurers £8k, and it was just cosmetic damage to the front, and the Jag was probably worth 1/2 what the 996TT is.
 
his car is insured with privilege and the truck that hit him is insured with direct line...
they are the same company (more or less)
so who ever pays out it comes from the same kitty.
not in there interest to fight too hard I would think?
 
..... I have been in that unfortunate situation ....... and it was more than difficult ......... :(
 
I'm amazed the Insurance co is writing off the car for £13k. It wouldn't take a lot to get to that- hitting a deer in my XKR cost my insurers £8k, and it was just cosmetic damage to the front, and the Jag was probably worth 1/2 what the 996TT is.

but part of that is chassis damage as mentioned in the first post, the garage doing the repairs/taken to does not have the power to write off a car, just to quote on what it would cost to fix, and on the estimate I saw it said £13----k and change, and did list near side suspension turret chassis damage? so we are thinking that would be a write off?
I personally would not like a 911 that had chassis repairs put back on the road?
some cars can withstand a jig, and be pulled straight, but a car like ours relies heavily on chassis rigidity and performance, with the chassis being the most vital part of the equation.
so on Friday when the engineer takes a look, he will get the definitive answer.
but biased on those facts alone we think its a goner.
 

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