Thread: Vehicle ownership, insurance write off

I have my Series 2a insured through Shannon's,for an agreed value with the provisothat I retain the wreck,so if it gets seriously damaged,They bring it home,and I can strip and rebuild it,even a chassis can be straightened or replaced,so up to a D2 they can be stripped and rebuilt,not sure about Rangies,I think you could do it up to P38a,not sure about L322> though.


cheers

Originally Posted by UncleHo

I have my Series 2a insured through Shannon's,for an agreed value with the provisothat I retain the wreck,so if it gets seriously damaged,They bring it home,and I can strip and rebuild it,even a chassis can be straightened or replaced,so up to a D2 they can be stripped and rebuilt,not sure about Rangies,I think you could do it up to P38a,not sure about L322> though.


cheers

So you'd replace the chassis & the body at the same time????

Originally Posted by UncleHo

I have my Series 2a insured through Shannon's,for an agreed value with the provisothat I retain the wreck,so if it gets seriously damaged,They bring it home,and I can strip and rebuild it,even a chassis can be straightened or replaced,so up to a D2 they can be stripped and rebuilt,not sure about Rangies,I think you could do it up to P38a,not sure about L322> though.


cheers

I have the same deal with Shannons, its called salvage rights. Costs a pittance extra, but you own the vehicle if its written off.

DL

As has been mentioned, check with your insurance company. I too have a policy with Shannons on my 101 aand RRC and have salvage rights. The other vehicles are insured with another company and I have first right of refusal on the wrecks.

If you are the not at fault party and your vehicle is written off by the other persons insurance comany (as happened to us a few months back) you have the right to first refusal on the wreck - if this happens DO NOT sign anything they give you until this is sorted and agreed upon in writting. They cannot take your car until you have signed it over to them in this case - no matter what they try and tell you - they try this on a lot, and most people don't care or know how to stand up for thier rights.

They will take off the value of the wreck from the payout figure. With our recent event, the other persons insurance comany was very easy to deal with, happily agreed to us retaining the wreck - and even delievered it back to our place free of charge. The reason I kept the wreck in this case (Our 97 Vectra) was that I had just put 4 new tyres on it and paid the rego all within a week. They took $500 off the pay out price for the wreck ($2,600 in this case minus the $500 for the vehicle - I was stoked with that!) I then cashed in the rego for just over $700 and sold the tyres on Gumtree for $400. I removed the stereo, amps and speakers as these were very good and worth more than the car, then I rang a guy up to pick up what was left - and he gave me another $150 as it was still driveable.

Originally Posted by bacicat

As has been mentioned, check with your insurance company. I too have a policy with Shannons on my 101 aand RRC and have salvage rights. The other vehicles are insured with another company and I have first right of refusal on the wrecks.

If you are the not at fault party and your vehicle is written off by the other persons insurance comany (as happened to us a few months back) you have the right to first refusal on the wreck - if this happens DO NOT sign anything they give you until this is sorted and agreed upon in writting. They cannot take your car until you have signed it over to them in this case - no matter what they try and tell you - they try this on a lot, and most people don't care or know how to stand up for thier rights.

They will take off the value of the wreck from the payout figure. With our recent event, the other persons insurance comany was very easy to deal with, happily agreed to us retaining the wreck - and even delievered it back to our place free of charge. The reason I kept the wreck in this case (Our 97 Vectra) was that I had just put 4 new tyres on it and paid the rego all within a week. They took $500 off the pay out price for the wreck ($2,600 in this case minus the $500 for the vehicle - I was stoked with that!) I then cashed in the rego for just over $700 and sold the tyres on Gumtree for $400. I removed the stereo, amps and speakers as these were very good and worth more than the car, then I rang a guy up to pick up what was left - and he gave me another $150 as it was still driveable.

Good effort to drive it without the tyres.

Originally Posted by Pinelli

Good effort to drive it without the tyres.

Wondered if someone would pick that up.

I had an old set of 18" rims and tyres for it that were stuffed, but would hold air for a few days.

My sister in law just had someone run up the rear of her car. Wrote it off, thankfully everyone is okay.

Her insurance company let her take any of the itemised accessories off the car if they were salvageable for no cost. The rest of the car was scrapped.