canadian insurance question

Discussion in 'Mayberry Lounge' started by Spoken, Jan 16, 2013.

  1. Spoken

    Spoken Gold Belt

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    Girlfriends car got wrecked. If fixing the car is more money than the cost of thr car, what will they do?
     
  2. Spoken

    Spoken Gold Belt

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    come on canadians.
     
  3. philth

    philth Purple Belt

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    total it.
     
  4. eat a beaver...
     
    Last edited by a moderator: Jan 16, 2013
  5. ambrosia

    ambrosia Yellow Belt

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    Write it off.
     
  6. gabe1k

    gabe1k Brown Belt

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    Canadian insurance salesman.

    [​IMG]
     
  7. JonesBones

    JonesBones Excuse my contraflow

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    In the US they pay you the blue book value of the car.
     
  8. Spoken

    Spoken Gold Belt

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    I figured it would be the same.
     
  9. philth

    philth Purple Belt

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    I'm not a groundhog expert, but dealing with insurance this past summer when an idiot totalled my motorcycle...

    they'll give you what they think the car is worth (what they would get from a salvage yard, not the wholesale value) + HST.
    alternatively, you can also choose to buy it back and fix it yourself, at that point you'll get just the value of the car itself. the car will get a 'totalled' title. if you can fix it yourself, get it safetied and road-worthy, you can get it plated and back on the road (the totalled title will follow it forever though, so carfax/carproof will display that), and pocket the rest of the money.

    unless you're driving around in a rare car... just take the insurance money.

    *edit* - sometimes they'll low ball you on an offer.. if you can prove your car is worth more than they think (going rates in your local market [autotrader/kijiji]).. you can usually squeeze a few more $$$ out of them.
     
  10. HARRISON_3

    HARRISON_3 Gold Belt

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    In Soviet Russia car drive YOU!
     
  11. Piewarrior

    Piewarrior Blue Belt

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    They write off the car and write you a cheque for the book/market value of the car. You can negotiate this amount btw if they lowball you, you are entitled for the replacement amount that people are currently selling the same model/year/mileage car for locally.
     
  12. JonesBones

    JonesBones Excuse my contraflow

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    http://www.insurancehotline.com/my-vehicle-is-a-writeoff-now-what/

    Appears to be a Canadian site since it keeps mentioning Canada.
     
  13. Josh

    Josh Guest

    Depends on your insurance man, and who was at fault. Give me the details, I'll give you the answer.
     
  14. Josh

    Josh Guest

  15. Spoken

    Spoken Gold Belt

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    The car is a piece of shit... like, a HUGE piece of shit. The car drives still, but there is a new funny noise a broken windshield (and whatever part of the body is broken).

    Her and the roommate that share the car kind of need it, however. So if they took the salvage price, they'd be in trouble.
     
  16. Josh

    Josh Guest

    So did she drive the car away from the accident? Was she at fault? Does she have collision or just basic insurance?
     
  17. Spoken

    Spoken Gold Belt

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    early 90s POS honda, not sure which part of the body is busted (quarter pannel is my assumption). Broken windshield, and it makes a funny noise. Roommate drove it away from the accident (GF wasn't in the car)
    Wasn't her fault.

    as for her kind of insurance, I don't know.
     
  18. philth

    philth Purple Belt

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    they'll more than likely total it then and offer you a low-ball... when the adjuster see's the cracked windhsield and that it's a POS, he may not be too kind with his 'adjustment'.

    they totalled my bike with just a few scratches and a dent in the tank.

    I was lucky though, I acutally made a little over $1000 (paid $4000 for the bike and got a $5200 offer).. I was shocked to say the least.
     
  19. Josh

    Josh Guest

    If she only has basic insurance, her plan will NOT cover her car. If she has 'collision' she will be covered.

    http://www.icbc.com/autoplan/optional/optional-vehicle/collision

    If she was not at fault and only has basic insurance, the party at-fault's insurance will cover the damage.

    If damage estimates exceed ICBC's valuation of the car, they will pay her what the car is worth, but she will have to give up the car.
     
  20. Spoken

    Spoken Gold Belt

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    So no matter what, she's going to fine.
    Tomax, I would cuddle you naked right now. Or buy you a beer next time I'm in BC... but that would be creepy.
     

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