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  #101  
Old 05-04-2012, 07:12 AM
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Quote:
Originally Posted by jasonmurray View Post
Not quite...

Its a percentage game. Car is insured for 100%. If they can get 20% of what the car is insured for at auction and the quote comes up to 80% they will write it off. If the quote comes to 60% they will repair it as long as the expected supplementary quotes, once the car has commenced repairs, is not expected to go over the 20% "fat" they have to play with.

Also, if it has been missing for over XX days then the insurance company will pay out as per their PDS regardless if it is found after you have been signed off for the pay out.
Yes but when it comes down to it if the insurance company can make more money on salvage that's where it will go.
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  #102  
Old 05-04-2012, 07:22 AM
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When my 03 sti was written off from the hail storm back in March 2010, the repairer said if the repair costs go over 66% of the insured value of the car, it gets written off.
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  #103  
Old 05-04-2012, 07:38 AM
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Quote:
Originally Posted by Giddyup View Post
When my 03 sti was written off from the hail storm back in March 2010, the repairer said if the repair costs go over 66% of the insured value of the car, it gets written off.
that number was lowered to that number by insurance companies during the storm period because of the number of cars being damaged. It's normally around 75-80% depending on your insurer. The last 20% they try and make back from selling the wreck at auction, and then any shortfall is made up by their insurances.

Alberto should check his PDS, see what the outlined number of days is for a 'missing' vehicle and then follow that route. Chances are, they'll pay him out, then when or if the car is recovered, it is the problem of the insurance company.
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  #104  
Old 05-04-2012, 08:09 AM
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Sup guys. A lot of you need to calm down throwing around all these racist comments. Throwing around words like coon isnt a good look. OP I hope they sort everything out for you bro.
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  #105  
Old 05-04-2012, 08:22 AM
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Not a good look to who?
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  #106  
Old 05-04-2012, 08:22 AM
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Well to be fair it is pretty hard to say some white dawg stole it when infact the offender has been indentified as an aboriginal.
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  #107  
Old 05-04-2012, 08:36 AM
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Coon is a very tasty cheese I enjoy with my sandwiches. I believe the correct terminology for this species is boong.
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  #108  
Old 05-04-2012, 08:42 AM
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"Non reflectives"
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"Original land owners"
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  #109  
Old 05-04-2012, 08:51 AM
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I am not sure what Armythug is so dark about?
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  #110  
Old 05-04-2012, 09:46 AM
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I'll be cool. I just saw some posts that I found to be distasteful. Some people may not see it but I do. To each his own. Some of you guys have probably seen me on the road. I drive a red GC8. I'm a black American. It's probably the only red GC8 in Perth with a faded pink hood scoop.
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