Insurance paying out on cat D

[ShiftySpinks]

Hi guys has anyone ever had dealings with what an insurance company pay out for a previously wrote off car? My 350 was a cat d last year and i made a booboo on a corner and have bumped my car.

 

Just curious how much they'll knock off the current market value.

 

Its a 54 plate gt with 43,000 on the clock cat D

Edited August 1, 2013 by ShiftySpinks

[Ekona]

£4K?

 

That's a punt, could be as low as £3K. How much did you pay for it, and when did you buy it?

[ShiftySpinks]

Well i bought it from a salvage auction in a very bad state for £2800 in january but the guy before me paid £8000 6 months before i bought it as a solid car

[Ekona]

£8K as a CatD?! Was he blind, drunk, or just blind drunk?

[KyleR]

No, guy before him bought it and wrote it off, op bought ****ed up car for £2800 and fixed it

[Ekona]

Ah, I see.

[techinstaller]

you can expect a payout of 20% less than the standard non cat recorded price in most case,you will probably still be able to push against first low offer from the insurance claim handler who's job it is to try and settle at lowest cost to the company negotiation is wise and expected

[ShiftySpinks]

Yeh i think i'd be happy with my money back but we'll see what they offer.