Not sure where this should be posted so I'll apologise in advance if it's supposed to be somewhere else.

Long story short. This happened this arvo.
I'm uninsured but not at fault...yeah I know.
Other driver has already contacted NRMA and has given me the claim number so I can talk to settlements and get a solution going.

My question is how do I go about obtaining a figure of the market value IF it is considered a write off?

Just in general has anyone had a similar experience?

It's an 89 JDM GT so redbook doesn't have it listed...thank God.

Any advice or suggestions on the matter?




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http://www.redbook.com.au...manual/SPOT-ITM-282583

Insurnace will most likely go by the market value judged by redbook. ^^^

Feel for you. Companies like Nrma generally have lifetime guarantees on repairs, only use new parts from Toyota dealership, won't pull metal out/straighten as it is deemed as weakened integrity but instead replace parts or undo the spot wields and replace the panel, they also have turn around times that they may not be able to meet based on part availability, there is big $$$z in that repair if done by brand standards.
Understanding that " you " are not at fault, you don't have insurance and relying on the other vehicles insurance company;
You need to prepare detailed information of the accident, this includes the situation, light level, your car being road worthy as in evidence of brake lights working etc. Don't assume they won't pull a technicality or they claim you to be at fault - it's what you can prove not always what happened.
Most importantly you need detailed information of your vehicle and any enhancements/maintenance to justify the condition of your vehicle. You need get evidence of vehicles for sale of a similar condition to present as the value of your vehicle. Then you have stronger merits to negotiate an agreeable "market" value of a mr2 that is different to red book. When they offer you a payout, they must gain your concent, you have the right to negotiate a fair amount based on current sale prices of vehicles plus/minus aspects based on condition.
Be aware some insurance companies do not recognise some kinds of accessories, upgraded rims etc. Get all accessories (that's everything the car did not come.p with when originally sold at the dealer) off the car prior to handing it in.
They will generally allow you to purchase the vehicle at a third of the payout amount depending on the vehicle impact/issues. Remembering your vehicle is now on a write off list so depending on the state may have extra expense to re-register.
Generally you will be offered a refund of your registration separate to the write off amount. This is very little money as it's only a refund on the registration fee component not the 3rd party or other fee components.
Should your vehicle be taken in for repairs or deemed as a write off however payment is weeks/month after, contact companies like "right to drive" who can organise you a loan car until sorted (subject to the other person admitting liability, insurance company accepting the claim, etc). Delays in payout can include the other driver not paying there excess, internal paperwork, furtger inspection of your vehicle upon them taking possession and all sorts of reasons, any drama, contact right to drive.
Hope that helps :)

TonyMR2

Generally you will be offered a refund of your registration separate to the write off amount. This is very little money as it's only a refund on the registration fee component not the 3rd party or other fee components.

NSW does offer refund on CTP.  Unless things have changed in the last 5 years.
Need to go to RMS first & cancel balance of rego & then take that paperwork with you to which ever company the CTP is with.

TonyMR2
Feel for you. Companies like Nrma generally have lifetime guarantees on repairs, only use new parts from Toyota dealership. 

 
Not true. I work for a place that supplies parts to nrma insurance new genuine stuff and used. They will use used parts on cars over 3 years old.
 

TonyMR2
Remembering your vehicle is now on a write off list so depending on the state may have extra expense to re-register.

Also, not true. It will be NON-WOVR = Not on the written off vehicle register. The rule is if the cars over 15 years old, there's not an easy way to get a vehicle written off. look up the WOVR scheme if you don't believe me.

The above is general advice based on a Mondeo Titanium insured through Alliance, and the events that followed in the last twelve months.
NSW charged a fee to cancel the rego/refund and only refund the "motor vehicle tax" when I moved it to qld rego (repaid CTP and motor taxes/fees). No CTP fee refund. Woohoo you are telling me I can get money back.
Then I had a car accident, total write off. Both Alliance and QLD roads said a CTP refund was not available, for which I accepted due to not getting it from NSW cancelling the rego. Woohoo if I can get more money back :) more mr2 parts then :)
Allianz were difficult on so many levels but that's another storey.
WOVR Google ... WOW ... If the car is twisted, aka where the cross member attached to, paid out by an insurance company as a write off, not repaired properly, because the car is 15+ years old you can re register it without inspection and no record it is damaged; that's a failed system.
PS I like the reply section highlights - how is that done pm me

TonyMR2
PS I like the reply section highlights - how is that done pm me

All you have to do is do 'quote' at the bottom right corner (on desktop/laptop).
 
Then, you can either copy the phrase including the 'quote=tonymr2' part, and add another quote.
 

TonyMR2
WOVR Google ... WOW ... If the car is twisted, aka where the cross member attached to, paid out by an insurance company as a write off, not repaired properly, because the car is 15+ years old you can re register it without inspection and no record it is damaged; that's a failed system.

Yes and no. The s15 i picked up was due to a tree falling on it. If the owner had not choose to go via insurnace, it would of been a $2000 including paint repair, as all that happened is a smashed windscreen and a few decent dents on the roof and rear quater (top). However, i've just put a windscreen on it and going to get it blue slipped, as there is no structural damage.
 
Easy repair anyway, only reason why is the estimator quoted a new turret and not a repair on the roof. Oh well, my win. 
 
 
 

Thanks! I called NRMA yesterday with the claim number the other party texted me same day it happened.  NRMA advised me he has admitted fault  and claim is moving on quickly. NRMA rep told me the same thing as you in regards to a different market value. I was told 3 carsales listings would suffice.  If it is a write-off ill be able to pay the salvage price (taken out of settlement) and keep the car . We will see if its 1/3 of the price as I did not ask.
 
Assessor is booked in for Monday and courtesy car has been arranged for pick up today. i didn't know about WOVR!

marin101
If it is a write-off ill be able to pay the salvage price (taken out of settlement) and keep the car . We will see if its 1/3 of the price as I did not ask.

 
You could either part it out and sell everything off it and make some money, or you could re shell it and get it back on the road. or put a wideobody kit on it and forget about the damage ;)