Here’s what to do if your car has been written off

Most of the time, when a car is written off it is because it has been involved in a serious accident. The kind that turns a car into a crushed soda can. But actually, there are a few reasons why an insurance company declares a car written off… Sometimes it’s because the car is too damaged or old to be repaired and can’t even be used for parts, or maybe it could be repaired. . , but the repairs would cost more than the insured value of the car.

There are even some cases where the car could be repaired and the repairs would be less than the insured value of your car, but the other costs make it too expensive overall.

If your car has been involved in an accident and you think it may be written off, here are some tips to help you through the process.

If you have car insurance

The good news is that if you have car insurance, your insurer should take care of everything for you. It starts with you informing your insurer about the incident and then follows your claims process.

This usually involves obtaining a police case number, providing all the details of the incident, as well as any documentation they request. And from that moment on, you will have to wait for them to inform you what they decide and how much they will pay if the car is canceled.

the pay

Let’s say your insurer has determined that your car is written off. Your insurer will then likely begin the process of calculating your payment.

How much you actually receive depends on a few factors, such as the type of insurance you have, the value you insured your car for, the excess amount (which is subtracted from your payment), how much you still owe the bank if the car was financed , how much your car has depreciated in value and more.

If you have comprehensive car insurance, for example, and your car was insured for R500,000, your insurer will subtract the excess (R2,500), the depreciation of the car from the start of the policy to the date of the incident (R20,000 ) and the R45,000 you still owe the bank.

These are just a few examples of costs that could be subtracted from your payment amount, but by our calculation, you should receive R432,500, which is yours to do with as you wish.

Of course, if you don’t have car insurance, or the level of coverage you’ve chosen isn’t enough to pay for a cancellation, then the process is a little different.

Without adequate insurance, you will have to take care of your car on your own. This includes being assessed by an authorized inspector who will tell you if your car is roadworthy and can be repaired or if it is unroadworthy and should be scrapped. Even if your car is roadworthy, repairs will have to come out of your pocket. But if not, then you’ll have to consider scrapping the car for parts, crushing it, or finding some other way to get rid of it.

Ultimately, it is much better to have car insurance that can help you get through these difficult incidents. With the right insurance, you won’t be left with nothing or, worse yet, in debt and without a car.

If you are interested in getting a no-obligation car insurance quote, click here or WhatsApp us on 0860 50 50 50 today.

Psst… This blog provides general information only and does not count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums depend on risk profile and T&Cs apply. Our most up-to-date KPPD (policy drafting) can always be found here.

The T&Cs of our website can be found here.

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Here’s what to do if your car has been written off

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Most of the time, when a car is written off it is because it has been involved in a serious accident. The kind that turns a car into a crushed soda can. But actually, there are a few reasons why an insurance company will declare a car written off…

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The king

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king price insurance

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