Scottish Elises

Hi Folks,

I haven't been in this position before and would be grateful for some of advice about what I should expect for the insurance company.

The car has been removed from the recovery garage to a salvage company in the central belt so their assessor can determine its fate. Would be grateful if you guys could advise what response I can expect from Ins Company, if they are going to write it off or offer to repair. Also if you can advise how I should respond to any offer to repair or scrap.

Any advise appreciated.

Cheers

I have no experience here, but I'm sure Seloc will be full of useful tips. Worth posting their too. The likes of WillB and Jonny are able to provide evidence of going rate for cars like yours to back up or challenge value etc

Worth giving Monty a shout mate - he'll keep you right

It is almost certainly an economic write off Graeme, so start from there. It would have been with quite a lot less damage.

They will offer you a figure which you can accept or ask to be increased if you are not satisfied, this is presuming you do not have an agreed valuation. It should be based on what it would cost you to replace with a similar model.

See how your Insurance Company handles it and post up if you want any advice.

tut

I was offered £4600 for my S2 , if they were to write it off or a rear clam, came to a compromise that they'd repair if I didn't take a hire car...

Mark that is laughable.

Graham, whatever you paid for your S1 = starting point. Clean ones like yours are only getting more expensive...

Don't have 1st hand advice of this but reading about other people who have been in this position before its apparent that the Insurance company will often offer you the minimum value for the car as possible.

To ensure that you get "market value" it may be worthwhile trawling through Autotrader/Pistonheads etc for representative ads to show to the insurance company what actual cars are retailingfor. Most people don't sell an Elise during winter so suspect the ads will be slim pickings and will only get worse when the weather gets even worse.

Maybe even worthwhile talking to MMC to see if they can give you a written letter on what your car would have retailed for based upon their experience as a Lotus dealer?

George

Mentioned in an earlier post that they offered me £17.5K for N3 which I was happy with, then I made an extra £3K by buying it back and selling it on.

The buyer did some work on it but gave up, then I heard that Dan Jude had bought it.

tut

When my S2 was a Cat D last year my insurer offered me about £10k and I said no way - I got a glasses guide price, got a sale price from Will Blackman on a similar car, got a valuation from Craig and emailed Lotus for a valuation. I sent all that to them and they offered £13,750.

Definitely don't accept the first valuation and try to get sale prices rather than advertised prices as they tend to ignore them.

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