Pierre

Aug

17

mY Car!

Filed Under Daily

My uncle checked my car and he said that the insurance will not reimburse 1500 Euros (estimation of the repair). Everyone had their little comment, so I wanted to check.

Here is the law regarding the insurance: LINK

If the car is still working but the repair is not “economically viable”: meaning the repair cost is at least 80% of the value of the car:

1. The insurance will make a proposition and give you the amount of money corresponding to the value of your car + 10% or 20% etc … You can argue, have your own expert and try to increase the amount of money in the transaction. In the end, if everyone agrees, you take the money and give your car to the insurance.

2. If you do not agree, you can take the money proposed by the insurance (80% of its market value) and repair your car yourself. After repair, you need a technical check of your car to be able to drive in it again.

In my case, the value of my car is  4700 Euros (I checked it online) and the repair cost is only 1500 Euros. So if the insurance accepts to repair my car, there is no real problem. I would be more than happy  if the insurance gives me 4700 Euros in cash to buy another car :).

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