A Seriously Sad Event For My F430
Discussion
Last Thursday I had to collect a prescription from Forest Row. On the way home a Discovery coming from the opposite direction turned directly in front of me to go down a small turning. The way it happened, it almost seemed to be deliberate. I was already crossing the junction when he turned. He claimed he had not seen me!
Within 24 hours his insurance company had taken responsibility for the event and have told mine that they will cover all costs.
So, apart from sharing this sad news with you all, how on earth am I going to get the insurance company to pay out what I need to replace my F430 with manual gearbox and a comprehensive Ferrari service history, all original paint and a total mileage of 21,000 of which I had covered 16,000. The most similar in the classifieds is in Lyndhurst at a whisker under £130,000.
As the other side has accepted liability, I would suggest contacting your insurers. I expect that they will agree on a fair value with you for your car, payout and then recover the funds from the other side.
I suggest making a list of comparable cars on sale with similar mileage, history and gearbox and submit the URLs to your insurers, I expect they will agree on a generous figure.
Once you agree on the settlement, they will usually offer you the option to buy the car back in its current condition at a good price, so you may want to consider buying and repairing it.
In addition to recovering the cost of the car, if you choose to hire a car of similar value, they have to pay for all the hire costs and any additional insurance premium until the claim is settled, as they have accepted responsibility and their insured has cost you the use of your car. If you discuss this with your insurer they can probably arrange a hire car and for the cost to be billed straight to them. As only newer cars are available for hire, I expect you will get a 488 for a few weeks. It may also help to speed up the claim, as you can imagine the cost of hiring for the insurers at fault is huge.
Good Luck and I am pleased that it was only the car damaged and not you.
Darren
I suggest making a list of comparable cars on sale with similar mileage, history and gearbox and submit the URLs to your insurers, I expect they will agree on a generous figure.
Once you agree on the settlement, they will usually offer you the option to buy the car back in its current condition at a good price, so you may want to consider buying and repairing it.
In addition to recovering the cost of the car, if you choose to hire a car of similar value, they have to pay for all the hire costs and any additional insurance premium until the claim is settled, as they have accepted responsibility and their insured has cost you the use of your car. If you discuss this with your insurer they can probably arrange a hire car and for the cost to be billed straight to them. As only newer cars are available for hire, I expect you will get a 488 for a few weeks. It may also help to speed up the claim, as you can imagine the cost of hiring for the insurers at fault is huge.
Good Luck and I am pleased that it was only the car damaged and not you.
Darren
Have just heard from the repairer who is Ferrari approved.
It seems that the insurers, as I understand it, if you want your car repaired, are obliged to pay up to the value of the car.
It has been thoroughly assessed and the repairer has contacted Ferrari with regards to the supply of a complete, new, shell.
I didn't know about the "like for like" hire car and as this could be many months I shall see what I can get.
Thank you for all your comments.
It seems that the insurers, as I understand it, if you want your car repaired, are obliged to pay up to the value of the car.
It has been thoroughly assessed and the repairer has contacted Ferrari with regards to the supply of a complete, new, shell.
I didn't know about the "like for like" hire car and as this could be many months I shall see what I can get.
Thank you for all your comments.
So sorry for your car loss but glad you are okay though!
If I was in your position I'd take the money, its an easy repair given there is little to worry about with a front end repair, engine in back etc. would expect the next lucky owner to have it back on the road before winter on a CAT D light damage status.
YOU MUST keep all your spare keys, covers, receipts, bills, books, wallet, torch, mats, gear knob etc. if it can be stolen through the salvage yards it absolutely will be, ONLY give your V5, and service history IF requested.
I assure you the next owner will get in touch and politely ask you for these items, as I have done many times before, it's quite possible that the next owner has just made it on to the Ferrari ladder with a salvage project and it's a nice thing to do to assist them, for a small fee of course ;-)
If I was in your position I'd take the money, its an easy repair given there is little to worry about with a front end repair, engine in back etc. would expect the next lucky owner to have it back on the road before winter on a CAT D light damage status.
YOU MUST keep all your spare keys, covers, receipts, bills, books, wallet, torch, mats, gear knob etc. if it can be stolen through the salvage yards it absolutely will be, ONLY give your V5, and service history IF requested.
I assure you the next owner will get in touch and politely ask you for these items, as I have done many times before, it's quite possible that the next owner has just made it on to the Ferrari ladder with a salvage project and it's a nice thing to do to assist them, for a small fee of course ;-)
I would not re shell it, resale value would be catastrophic!!
Rustyrenault said:
Have just heard from the repairer who is Ferrari approved.
It seems that the insurers, as I understand it, if you want your car repaired, are obliged to pay up to the value of the car.
It has been thoroughly assessed and the repairer has contacted Ferrari with regards to the supply of a complete, new, shell.
I didn't know about the "like for like" hire car and as this could be many months I shall see what I can get.
Thank you for all your comments.
It seems that the insurers, as I understand it, if you want your car repaired, are obliged to pay up to the value of the car.
It has been thoroughly assessed and the repairer has contacted Ferrari with regards to the supply of a complete, new, shell.
I didn't know about the "like for like" hire car and as this could be many months I shall see what I can get.
Thank you for all your comments.
ed !So sorry to hear your sad news.
I drive through Forest Row all the time. If this was me I'd be livid I must say you seem very calm.
You need to get a like for like car back asap... by the looks of it you looked after your car and it was in good nick so accept nothing less.
Good Luck and I hope to see you around Forest Row driving another Red Ferrari in the future.
Pocty
I drive through Forest Row all the time. If this was me I'd be livid I must say you seem very calm.
You need to get a like for like car back asap... by the looks of it you looked after your car and it was in good nick so accept nothing less.
Good Luck and I hope to see you around Forest Row driving another Red Ferrari in the future.
Pocty
Hi,
Thank you, once again, for your replies.
I take on board all you say about resale value but: firstly, it cost me £75,000 and, I imagine, its value will still be more than that. Secondly, the same firm, Bodytechnics, did a fantastic job on my California a few years ago when I shunted the back of a queue. Totally my fault, but when the car came back you could not tell that it had been touched. When I came to sell it a few years later I didn't want to pass on a repaired car to a Ferrari dealer so took it to We Buy Any Car. They paid more than its quoted trade in price, so I was quite happy. The person there was showing an apprentice the ropes. He came out with a paint depth tester and told his colleague that he could always tell whether a car had been repaired or not ... and gave it a clean bill of health!
Finally, when Her Indoors nags me to sell it as she reckons it's a ridiculous car. I can reply that it's not worth anything so there is no point in selling it!
Thank you, once again, for your replies.
I take on board all you say about resale value but: firstly, it cost me £75,000 and, I imagine, its value will still be more than that. Secondly, the same firm, Bodytechnics, did a fantastic job on my California a few years ago when I shunted the back of a queue. Totally my fault, but when the car came back you could not tell that it had been touched. When I came to sell it a few years later I didn't want to pass on a repaired car to a Ferrari dealer so took it to We Buy Any Car. They paid more than its quoted trade in price, so I was quite happy. The person there was showing an apprentice the ropes. He came out with a paint depth tester and told his colleague that he could always tell whether a car had been repaired or not ... and gave it a clean bill of health!
Finally, when Her Indoors nags me to sell it as she reckons it's a ridiculous car. I can reply that it's not worth anything so there is no point in selling it!
Sorry about the mishap. At least your car is at the right place.
There are only 2 Ferrari Factory approved repairers in the UK. BodyTecnics at Slough and Chartwells in Derby.
The huge advantage of going to either of them that Ferrari dictate what is required to complete the repair. It is not to the discretion of the Insurance company or repairer. If it is structural Ferrari have to approve the repair. If under Ferrari warranty that is suspended until Ferrari have approved the repair. If the estimate is too high for the insurance company to agree to then it is written off. You get the piece of mind then that the repair is right. The drawback is the estimate will be very high so that could increase the risk of the car being written off. If it was me I would want it done right or not at all.
If BodyTechnic agree with Ferrari that it can be repaired then the repair will have the full approval of Ferrari.
Once a car has been repaired at either of these establishments then you should not be able to tell in anyway it has been repaired.
Even though it is recorded with Ferrari as having had a repair, it is in a way a positive (as any accident repair can be), as having gone this route, as far as Ferrari are concerned, it can be happily sold through their network as Ferrari approved with no stigma attached to it. It is the unrecorded repairs at other repairers you need to be worried about.
Personally I would not consider getting a Ferrari repaired at any where other than one of these two factory approved repairers for anything more serious than a very minor repair.
There are only 2 Ferrari Factory approved repairers in the UK. BodyTecnics at Slough and Chartwells in Derby.
The huge advantage of going to either of them that Ferrari dictate what is required to complete the repair. It is not to the discretion of the Insurance company or repairer. If it is structural Ferrari have to approve the repair. If under Ferrari warranty that is suspended until Ferrari have approved the repair. If the estimate is too high for the insurance company to agree to then it is written off. You get the piece of mind then that the repair is right. The drawback is the estimate will be very high so that could increase the risk of the car being written off. If it was me I would want it done right or not at all.
If BodyTechnic agree with Ferrari that it can be repaired then the repair will have the full approval of Ferrari.
Once a car has been repaired at either of these establishments then you should not be able to tell in anyway it has been repaired.
Even though it is recorded with Ferrari as having had a repair, it is in a way a positive (as any accident repair can be), as having gone this route, as far as Ferrari are concerned, it can be happily sold through their network as Ferrari approved with no stigma attached to it. It is the unrecorded repairs at other repairers you need to be worried about.
Personally I would not consider getting a Ferrari repaired at any where other than one of these two factory approved repairers for anything more serious than a very minor repair.
Thank you Martisracing for your detailed reply.
I have spoken to the insurers and have been told that Bodytechnics is in discussion with Ferrari as to what will need doing, the availability and the cost. It will have to be approved by the insurers.
When I spoke to Bodytechnics the person I spoke to said that the cost would probably be in the range of 110 to 120.
If it is written off the closest vehicle on sale at the moment is 130.
It is a situation I would much rather not be in but at least the other driver has admitted it was 100% his fault.
I have spoken to the insurers and have been told that Bodytechnics is in discussion with Ferrari as to what will need doing, the availability and the cost. It will have to be approved by the insurers.
When I spoke to Bodytechnics the person I spoke to said that the cost would probably be in the range of 110 to 120.
If it is written off the closest vehicle on sale at the moment is 130.
It is a situation I would much rather not be in but at least the other driver has admitted it was 100% his fault.
Tazio1 said:
In addition to recovering the cost of the car, if you choose to hire a car of similar value, they have to pay for all the hire costs and any additional insurance premium until the claim is settled, as they have accepted responsibility and their insured has cost you the use of your car. If you discuss this with your insurer they can probably arrange a hire car and for the cost to be billed straight to them. As only newer cars are available for hire, I expect you will get a 488 for a few weeks. It may also help to speed up the claim, as you can imagine the cost of hiring for the insurers at fault is huge.
or how about doing us all a favour (including your own future premiums), and not asking for a mega expensive hire car if you don't really need it?Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff