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Old 20-02-2023, 12:11 PM   #19
arm79
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Join Date: Jan 2005
Location: Hervey Bay
Posts: 5,147
Default Re: Insurance - how to determine write off vs repair?

Quote:
Originally Posted by T3rminator View Post
I used the $10k as an example cos it was a nice round figure. Its worth half that on the insurer's system, so it would seem like it would only need a minor bingle for it to be written off. Previous owner also put an aftermarket kit on it, as ARM said parts availability will be an issue, and even if aftermarket replacements are used, its going to be $$$. They'll just write it off I reckon.
If you go with a specialist like Shannon's you can ask for whatever value you want, provides you are willing to pay for it.

Most big companies wouldn't insure the Gha past $6k. I was with Allianz for a few years because they had this really good cheap comprehensive product if you placed a large number of restrictions on drivers and they offered bigger agreed values upto $8500 which was good. But they discontinued the product and dropped the max agreed amount and it got overly expensive.

Shannon's offered a higher value for about $50 more than all the new quotes with a $6k value.
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