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BMW 3-Series (E90 E92) Forum
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Help? Dealing with Insurance Write Off
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12-04-2017, 07:13 AM | #23 |
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Sounds like Admiral.
I had the exact same experience. In the end i had to accept their offer as i needed the cash to buy a replacement car.
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//E90 M3 LCI DCT in Jerez Black / Fox Red Leather // Alcantara Trim // ST XTA Coilovers // 1.75 Exhaust // Pinnacle Undertray // @jerez.black.e90.m3// Euro Road Trips 2014 (French Alps) 2016 (GER ITA AUS) 2017 (ITA GER SWI) 2018 (LIE GER AUS SLO CRO) 2019 (SWI ITA GER AUS) 2022 (SWI AUS ITA) 2024 (NOR) |
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12-05-2017, 08:29 AM | #24 | ||
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Quote:
I didn't have the spare cash at the time to wait 1 month for the sake of a grand or so. The insurer was Elephant (underwritten by Admiral), and Admiral handled the claim. Also it doesn't work like that these days, they are not regulated to use adverts of other cars for sale, it states this in black and white on the Financial Ombudsman Service website. The only way I would of get a penny more was if I waited over a month for the FOS to review my case and then fight further. But even then, like I said, they are not regulated to use like for like adverts. Quote:
Coupled with the near £2.5K spent on it in the 3 months before the theft, the car was easily worth more. Have done above Yep bang on. They know we are desperate and they were very quick to go all in if you will. They handed me their letter of final offer and said take us to the FOS if you wish.
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Current car: E92 M3 6MT
Car history highlights: EP2 Civic, E92 335i M Sport, E92 325D M Sport - Stage 1, Mk5 Golf GTI - Stage 2+, E46 M3 6MT, E82 135i M Sport 6MT, Nissan 350z - Stage 3, Audi S3 - Stage 1 DSG, M135i Auto. |
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12-05-2017, 08:48 AM | #25 | |
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Current car.M240i. Previous.MINI JCW. E92 325i. 435d M235i.M135i. 635d Coupe, E92 M3 manual, E92 M3 DCT Competition Pack. E92 335i, Porsche Cayman S Gen2, 135i Coupe. E92 320d, MK5 R32. MK5 Golf GTi,MK5 Golf GT-TDI,E46 318Ci. |
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12-06-2017, 08:49 AM | #26 |
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Unfortunately you are right.
I think my next high value car I will either be investing in GAP insurance or guaranteed value insurance, whichever comes in better at the time.
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Current car: E92 M3 6MT
Car history highlights: EP2 Civic, E92 335i M Sport, E92 325D M Sport - Stage 1, Mk5 Golf GTI - Stage 2+, E46 M3 6MT, E82 135i M Sport 6MT, Nissan 350z - Stage 3, Audi S3 - Stage 1 DSG, M135i Auto. |
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12-06-2017, 09:32 AM | #27 |
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Yes back to invoice GAP would take care of the years of care and attention some of us give our cars.
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Current car.M240i. Previous.MINI JCW. E92 325i. 435d M235i.M135i. 635d Coupe, E92 M3 manual, E92 M3 DCT Competition Pack. E92 335i, Porsche Cayman S Gen2, 135i Coupe. E92 320d, MK5 R32. MK5 Golf GTi,MK5 Golf GT-TDI,E46 318Ci. |
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12-08-2017, 05:32 AM | #28 | |
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This "Back to invoice" GAP insurance - If I bought a car from a VAT registered trader/dealer (all legit with sales receipt/invoice etc), and then say 2 years later it got stolen, would they pay the difference between the insurance payout and the invoice price? Seems odd as the car may have depreciated several thousand pounds, plus the few grand the insurance rob you for. I guess I sort of understand, you are insuring yourself for x grand in the event of a theft, but it just seems too good to be true?
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Current car: E92 M3 6MT
Car history highlights: EP2 Civic, E92 335i M Sport, E92 325D M Sport - Stage 1, Mk5 Golf GTI - Stage 2+, E46 M3 6MT, E82 135i M Sport 6MT, Nissan 350z - Stage 3, Audi S3 - Stage 1 DSG, M135i Auto. |
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12-08-2017, 09:48 AM | #29 | |
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Quote:
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Current car.M240i. Previous.MINI JCW. E92 325i. 435d M235i.M135i. 635d Coupe, E92 M3 manual, E92 M3 DCT Competition Pack. E92 335i, Porsche Cayman S Gen2, 135i Coupe. E92 320d, MK5 R32. MK5 Golf GTi,MK5 Golf GT-TDI,E46 318Ci. |
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12-13-2017, 05:06 AM | #30 |
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So I did some quotes today on good old compare the market, as I have set my self a goal of an E92 M3 in the next 6-12 months.
Without my theft claim, the premium is £1400, fully comp, £500 excess. With the theft claim, the premium is £2400, fully comp, £500 excess. This is just ridiculous. I have already been shorted ~£2K in the payout, and now this! Both quotes were identical, the only change made was to add the single claim.
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Current car: E92 M3 6MT
Car history highlights: EP2 Civic, E92 335i M Sport, E92 325D M Sport - Stage 1, Mk5 Golf GTI - Stage 2+, E46 M3 6MT, E82 135i M Sport 6MT, Nissan 350z - Stage 3, Audi S3 - Stage 1 DSG, M135i Auto. |
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12-14-2017, 04:08 AM | #32 | |
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Before all this happened, I was looking at £900 to insure the 135 with all the mods declared (they were all cosmetic, not performance). With it stage 2 I was only looking at £1300
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Current car: E92 M3 6MT
Car history highlights: EP2 Civic, E92 335i M Sport, E92 325D M Sport - Stage 1, Mk5 Golf GTI - Stage 2+, E46 M3 6MT, E82 135i M Sport 6MT, Nissan 350z - Stage 3, Audi S3 - Stage 1 DSG, M135i Auto. |
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