My insured car is damaged in an accident and is no more safe

by Guest » Wed Feb 01, 2006 08:08 am

Hello all..

We had an accident. The cost of repairing the damage caused to our vehicle came out to be almost half of its wholesale value. Consequently, our insurer is out to refurbish the vehicle with some OEM, some used parts. But we don't anymore consider the vehicle to be a safe means to travel. We are rather planning to purchase a safer vehicle at this point of time.

Could you please suggest how we can do this with the help of a broker?
Thanks in advance.

Total Comments: 3

Posted: Wed Feb 01, 2006 08:33 am Post Subject: Review Your Policy

Your policy has to be reviewed carefully. Mostly it is the insurer's obligation to heal the damage or pay for the vehicle in cash. If the insurer chooses to repair , you can just sell it off and buy a new one.

Posted: Wed Feb 01, 2006 09:46 am Post Subject: Vehicle value

Legally if the car is restored, and you don't consider it 'safe' anymore, then the problem must be settled. Hence, if the cost of repairing the car further exceeds the cost of a replacement, then they would rather replace the car. Especially when you question the measure of safety.


Posted: Wed Feb 01, 2006 11:04 am Post Subject: vehicle value

The insurance company should fix the car incase it is not totaled. The company might go for used parts, but they mostly use factory parts. You could make an effort to demand all new parts, otherwise once the car is fixed, you could get a new one by selling the old one. Your broker won't be able to help you in this regard, rather the adjuster who represents the company would be of some help to you.

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