When we had a car crash in our rear (when was that, 2 years now?) the car was declared "economically lost". Asked for explanation: "It means, sir, that repair costs will exceed the value you lost in the accident"
Blink-blink : Paardon ?
"Well sir, you had a car that had a market value (mind: doesn't talk about USE value) of 5 000 EU, and we asked third parties for an bid on the wreck. That 'd be about 3 500 EU, so we can pay you 1 500 for your "lost value" and if you sell the wreck to said third party, you'll cash in 5 000. That's what a VW Polo of that age should be worth, before the accident"
Mind you: 5 000 EU wouldn't have bought us a VW polo of "about 7 years old" in any decent condition though. But the 1 500 paid for a very decent repair job. Only: in another workshop than the "usual garage" who had been negotiating with the insurance.
Hence my question: will the 1 100 EU cover your repair costs, after negotiating with your (or any) repairman ?
If it does, within some days you're driving it again.
If you're planning on changing cars anyhow: how much will you get for the wreck ? |
