Insurance Enquiry

[r34mate]

Hi all,

I have a r34 gtt with (130k on the clock) and i was involved in a hit on the passenger side of my car with a road barrie. The front quarter panel, rear panel and both front and rear bumpers were effected. Mechanically everything is fine, no leaks or anything major in steering alignment, and no structural damage at all. All cosmetic!

Going through insurance, they have claimed market value (i know, i shouldn't have chosen this option, but i did) to be 8-11k. Mechanically, everything has been kept pristine with no leaks/rattles/knocks etc. And they wish to salvage it for 5k!?

I've put the past 2 years into my baby, and I do NOT want to see it gone for cosmetic damage. I'm bloody devastated. I'm waiting for the final verdict on Monday, but it does NOT look good at all...

Looking on carsales, the avg price is 13-15k, how the hell did they come up with such a low figure?

Can anyone give me any advice which may work in my favor to bring insurance company to repair this

[Trex]

I spoke to the nrma about this when i was insuring, you CAN dispute the claim with proof that your car is worth more than the lower market value, you need to provide photos and other sale listings and a damn good mouth.

[GTR-N1]

* Not many people think that by taking out such a policy based on "market value" rather than "agreed value" that they'll have to make an "at fault" claim, except if it was stolen.

* Insurance companies are investment businesses and they are not compassionate or enthusiast-minded. Their skyscrapers are not built on compassion.

* Should you not be able to "part out the car" for a heck of a lot more money than to proceed with the claim for only $5,000?

* If you prefer to part out the car, do you realise that you don't have to carry the burden of "suffering a total loss" and "being at fault" when you apply for a future insurance policy?

Otherwise, future "premiums" will be noticeably higher!