Does anyone work in insurance?
My car is insured for $22k. It got peppered with little dents all over roof, bonnet and to a lesser extent doors etc.
It's got full comp insurance. I'm assuming that if the repair bill is >$22k they'll write it off, <$22k they'll fix it.
What I'm wondering is will they negotiate on this with me? Say the repair quote is $18k, could I suggest something like they give me $12k and I keep the dents? Sounds like a win-win to me - I get $12k (and a dented car which doesn't worry me too much for the sake of $12k!!) and they're $6k better off. Has anyone tried this?
Also, if it's a write off, will I get first offer on purchasing it back?
Thanks.
Thanks FN.
Not sure if agreed market value - but I only got (and insured) it about 3 months ago so assume it'll be alright either way.
I understand they won't fully comp re-insure it with the damage existing - but if I kept the dents/bought the car back, do you reckon I'd be able to get someone to give me 3rd party only insurance (I'd be happy with that under this scenario)?
Just seems logical to me that we come to some arrangement given the cost to them to repair it or pay it out (which they're obliged to do), and given that the dents don;t really bother me that much.
