Last weekend my (sons') 2004 Citroen C5 was pummelled by hail.
Rear hatchback glass broken.
Panels with multitudinous dents.
With an insured value of $6000 with GIO, I want to know my best strategy to deal with the insurer.
The salient point are;
Insured value $6000.
Payment by the month means we will have to pay 11 months @ $135 pm or close on $1500
Payout will be $4500 IF it is considered a write off.
(Car is in VGC with 100,000kms so low mileage for age, timing belt done)
Rear hatcback screen broken by hail.
Glass breakage (any circumstances) covered with no excess.
As it is more than just glass, an excess of $1100 has been paid (young driver-24)
So now the payout will effectively be $3,400.
Clearly not enough to give like for like.
GIO wants to inspect the car and has told us to be prepared to forfeit the car upon assessment.
So we would get just over half of the cars value.
BUT for no expense from my part the rear screen could be replaced. The car would still be a reliable commuter/tourer. Just not a joy to look at.
If I make the choice ( do I have a choice?) to keep the car, is it a wise one?