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Topic: AVONDALES WORTHLESS??
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04/12/2008 at 2:54pm
Location: Hampshire Outfit: None Entered
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Quote: Originally posted by snowy747 on 04/12/2008
Quote: Originally posted by 2kias on 04/12/2008
Quote: Originally posted by blondieandi on 03/12/2008
WHY did I pay £4000 insurance.
Insurance cover cost £4000??????????
Surely that is more than the van is worth. Something wrong here!!!!!!!!
No 2kias, they have it insured for £4k, the premiums weren't £4k!
Ali
Ah! That's not what he said!!!!!
------------- John
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04/12/2008 at 4:04pm
Location: Hampshire Outfit: None Entered
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Quote: Originally posted by snowy747 on 04/12/2008
Nope but you do, of course, have to read between the lines sometimes and nobody would ever pay £4,000 to insure a 10 year old caravan! It was therefore obvious that he meant the sum assured was £4k, not the premium!
Ali
True Ali
WHY did I pay for £4000 insurance.
Would have been better. People should say what they mean!
------------- John
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05/12/2008 at 10:17am
Location: None Entered Outfit: http: www.arcsystems.biz
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In otherwise good condition, a dealer today would be looking to get £3500 for your van, in May this year it might well have been worth £3900 or more but there is a credit crunch on!!
Insurance 'write offs' come in different category's, 'a' is matchwood, 'b' for bad but repairable, you would lose the CRIS number and it needs an engineers report 'of sorts' before it can be re-insured. 'c' & 'd' are different grades of basically cosmetic damage and need no more than an invoice proving the works been done for insurance purposes.
'a' then never goes back on the road, infact their destroyed, 'b' are often broken for spares but probably as many, certainly younger ones are repaired. 'a' & 'b' then have a fairly rigid and low residual value, the other two can vary widely depending on actual damage and your negotiating skills!
Insurance companies vary, generally over £1500 30% of value for you to keep a C or D without a minor accident being recorded on the CRIS document, 20% if recorded
If yours turns out to be a 'B' then probably 10% to keep it.
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