stupidly low settlement figure from admiral

Well its going to be the end of an era
After my very low speed scrape and due to no new parts avaliable my coop is going to be written of by admiral.
I've owned the car since 2002

Problem is they have offered me £1000 for it which is laughable after my £250xs
I said that I can't buy another coop for that money and feel that with mine being such a low milage example 62k that its got to be worth between £1800 and £2k
Only MOTd last month aswell

What do you guys think I should do...and what kind of figure should I expect..

You have to find other examples to show them in order to dispute it, pistion heads, auto trader not eBay though, the thing is this is the worst time to own a coupe as the general Market for these cars is pretty non existant, and most are now moving onto BMW e46, type r's and Audi tt's

There are only 18 for sale on autotrader at the moment

You can decline about two offers I think but have to accept the thrid they give IIRC.

Coupe manics right though just tell them its not good enough and providing you can justify it you will get a higher figure.

I wrote off my JDM DC2 last xmas and I was with admiral it took a while but they were very good to deal with and my final settlement figure was double the initial offer so just keep at them mate you will get more

Have you asked them how much to buy the car back, and then use the £1000 to repair?

I was going to ask the same actually as Admiral wouldn't even let me buy mine when I did mine which I was throughly gutted about.

No that was going to be my next question...but I was too shocked...
I just don't think its worth repairing with it being cat registered and I was only doing 3k miles a year at the moment in it..

Thats it mate I wanted mine back due to some rare parts I had on it werent interested in getting it back on the road so agree.

But keep pestering away with them fella and you'll get a more acceptable figure it just takes you back a bit at first like you say when they tell you lol.

Ask for a cash-in-loo.

Admiral also wanted to write the LE off as the repair bill would have been £2571 !!
That was for a new front bumper, repair the dent in the bonnet & windscreen as I was hit by a large bit of metal while on the M4 in the outside lane.

I got money to repair the car myself £1500 minus my £350 xs ! so i got £1150 in total.

They told me they look on pistonheads & get their prices from there

Ring them back & see what you can get out of them.

Rob

Stick out as long as you can they always offer low at first,and it might be worth trying to keep the salvage rights as it can only be a problem if you sell as then it might need a vic test.

Jesus....how many coops has admiral written off!!
I will hold out for more...but seriously how much will they increase their offer...
As for examples there are cars from £1000 upto £3250...

I would expect an absolute minimum of a grand increase that may sound ambitious but you'd be surprised how much you can push them.

Admiral started me at £2500 for my JDM Integra it was a very rare car it took me about three weeks of negotiation but I finally settled on a figure of £5000 then minus my excess after proving its worth to them so its more than possible and I was more than happy with that. This was January into February time this year. You just have be patient with them and justify your need for a higher price try not to lose your temper with them though as hard as it may be as you will get it out of them in the end.

What did you do to persuade them?

you have to find examples of other coupes with similer milage and prove its value

Coupe Manic is correct allthough I didnt have to take it that far.

But yes if you can get proof to justify it you e-mail it to your case handler.

But what I did my JDM DC2 was the one with the rectangular headlights instead of the twin round ones being an import but it was extremely rare being red as most imports are White, Black or Yellow either Silver or Red is pretty rare for an import so is worth a premium.

So as someone else mentioned they got back to me saying they had found my car for about 3500 similar miles etc on autotrader. But I knew mine was about 1 of 5 or 6 in red in the country and I asked them what the car looked like that they were looking at and it was a round headlight uk model. So I told them I couldnt replace my car for anything less than 4500 minimum and that would be high mileage and I said if they could find my exact car I'd take the 3500 but they couldn't haha so I won.

I was very pleased but essentially its the same for any car they arent going to hand over top wack easy if they can get away with paying you less so you just have to be stern with them.

Hi

First thing to do is to look in your actual policy wording and find the section marked ' Settlement of Claims or How we will settle a claim' this should confirm the basis on which they actually settle any claim ie market value etc and their options of settlement ie either repair your car or offer you a cash sum for you to arrange for the repair of the car yourself etc. If they quote market value then you need to also find their definition for 'market value' and quote this to them, if it is not in the actual policy then you will need to ask them exactly what it is .

Once you know the above then you can progress as follows:-

You need to then

Dependant on what they have informed you regarding the settlement ie if they have told you market value then you need to quote this back to them exactly, ie market value should mean something along the lines of the cost to replace the car with one of the same make, model, condition etc. and then provide them with some example adverts of other ones for sale. If you cannot find one exactly them provide them with lots and point out the differences.

You should then be able to come to some agreement regarding the true value of the car which will then decide if it is still a total loss or not. Getting this value correct is the major thing here as for a vehicle to be a write off the repairs need to be somewhere between 50 to 60% of the actual value on the car, dependant on insurer. So obviously if the value they are putting on it is too low in the first instance then this will be the start of the problems.

If it is still a total loss and you not happy with any settlement offer they offer you even after you have done the above then you need to consider the following:-

1. Ask them for a cash settlement for repairs instead and then you can arrange to get it repaired yourself

2. Consider the possibilities of replacing with second hand parts and if you happy to do this then speak to them and ask if they will do this

3. Double check they will allow you to buy back the salvage and request how much it would be to do this, then consider their offer to write the car off and buy back the salvage and arrange to get repaired yourself.

Should you need any more advice just PM me



Unfortunately this is the situation for most coupe's going forward now unless they are insured on an agreed value basis, so next time you get insurance quotes bear this in mind as it may be worthwhile to pay a little bit more but to have it insured on an agreed value basis.

Thanks
Sarah

i had my coupe reversed inot bonnet grill and front bumper nackered spoke to the adrian flux and there company which deal with my clain and told them to look on pistonheads for the same car/colour and there was a moonie for £6000 so jackpot they fixed it all new parts no questions asked. show them examples of your model and colour and they should back down

When my 16VT bonnet blow onto the windscreen (near 9 years ago ) I was offered a stupid low amount. Argued the bit with adverts from Autotrader and Pistonheads and got the price pushed up.

It took time but well worth it.

Well in the end I was sort of happy with what I got..
Next offer was £1500 then £1750 and finally £1850 minus my £250xs leaves me with just enough to buy a lump of turd!
Bought the car back...so ill try and get a bit more that way...
Thanks for the help though guys...
So far admiral have been good....let's see when the cheque comes...

What damage has been done to the car, what parts are needed?

That settlement figure sounds reasonable (ish) on the low side. Typically you can buy back for 10% of the settlement figure, so £185 in your case.

So rather than look for a lump of turd, you ought to have money over after fixing it?