What counts as a write-off for car insurance?
Car insurance companies have their own set of criteria for what counts as a write-off. When you make a car insurance claim, your insurance company will assess the damage and work out how much it would cost to repair it. If the repairs cost more than the car’s market value, or a high percentage of it, they may write it off.
How to make sure your car is valued properly after a write-off?
Car woes: How can you make sure your car is valued properly after a write-off? This means you must be offered a sum that will allow you to buy a like-for-like car in a similar condition in your local area. All the insurer should deduct is the excess you agreed to when taking the policy.
What happens to my car insurance if my car is written off?
However, if you make a claim on your car insurance policy (and particularly if your car has been written off) your insurer will usually only pay to you the current market value of the vehicle. The current market value is the value of the vehicle on the open market if you were to sell it that day.