I don't want another sleepless night,
Our arosa is deemed total loss CAT C at £1025, I have an agreement to buy back at 8% so I can fix.
I got this today
"We have decided to settle your claim on a "total loss" basis. We have based our valuation on the current market value of your car, calculated as follows:
Market Value £1,025.00
Less Excess £0.00
Less Salvage Value £82.00
Settlement Figure £943.00
The settlement amount shown is subject to us completing all necessary checks and we reserve the right to amend this amount, should further information come to light.
The payment will follow shortly. Please be assured banking any payment will not prejudice your position.
If we do not hear from you within the next 14 days, we will assume you accept the valuation and will dispose of your car. We confirm we will pay reasonable recovery and storage charges as shown in your policy. "
The bit I don't understand is the car is still with me, never left me??
then this bit in their FAQ section on the same email
"Can I buy the car back?
It is not our policy to allow this because the Government and the Association of British Insurers have issued guidelines to all insurance companies with specific instructions on what must be done with written off cars.
"
WTF I have bought the salvage off them??? have I not???
Can anyone elaborate??
I think they just send out an automated one form fits all and fits none??
Our arosa is deemed total loss CAT C at £1025, I have an agreement to buy back at 8% so I can fix.
I got this today
"We have decided to settle your claim on a "total loss" basis. We have based our valuation on the current market value of your car, calculated as follows:
Market Value £1,025.00
Less Excess £0.00
Less Salvage Value £82.00
Settlement Figure £943.00
The settlement amount shown is subject to us completing all necessary checks and we reserve the right to amend this amount, should further information come to light.
The payment will follow shortly. Please be assured banking any payment will not prejudice your position.
If we do not hear from you within the next 14 days, we will assume you accept the valuation and will dispose of your car. We confirm we will pay reasonable recovery and storage charges as shown in your policy. "
The bit I don't understand is the car is still with me, never left me??
then this bit in their FAQ section on the same email
"Can I buy the car back?
It is not our policy to allow this because the Government and the Association of British Insurers have issued guidelines to all insurance companies with specific instructions on what must be done with written off cars.
"
WTF I have bought the salvage off them??? have I not???
Can anyone elaborate??
I think they just send out an automated one form fits all and fits none??