cabby Posted September 19, 2005 Report Share Posted September 19, 2005 We have a storage unit with lots of stuff in following a move from a house to a flat. This was flooded last week during the storms as a result of a blocked gutter / downpipe. The rental includes insurance so we are now in the process of making a claim. The form asks for: - The orignal cost of an item - Age of the item - Amount claimed for (less wear and tear) Would be grateful of anyone who can advise on how to estimate the cost of 'wear and tear' in the view of the insurance company. We lost a lot of things (cost new likely to be £7-8k) so would like to avoid the insurance company paying out silly money. Link to comment Share on other sites More sharing options...
Chav Posted September 20, 2005 Report Share Posted September 20, 2005 Hi mate, Have no idea really, but as everything was in "storage" I'd hope it would be easy to suggest to them that things were virtually as new. Wear and tear isn't going to be huge on items which are just sitting there Good luck! Link to comment Share on other sites More sharing options...
Sponge Posted September 20, 2005 Report Share Posted September 20, 2005 This is a tricky one. I would aim high. All they can do is say no and make a lower counter offer. But if you go in too low... Link to comment Share on other sites More sharing options...
Mo-S3 Posted September 21, 2005 Report Share Posted September 21, 2005 Be careful what you write in for figures as they will want to screw you for every penny they can. Depending on how big your claim is i would suggest an independant assessor or ring the company up direct and see if they suggest and figure they normally work to. You dont have to tell them 'you' are calling Link to comment Share on other sites More sharing options...
cabby Posted September 22, 2005 Author Report Share Posted September 22, 2005 [ QUOTE ] Be careful what you write in for figures as they will want to screw you for every penny they can. [/ QUOTE ] That's what I expect they will do. The insurance limit on the storage unit is £5k. The new cost of the items damaged is way in excess of that, probably around £8k. My plan is to prepare a claim in excess of the limit knowing that: a) the insurance company will try to reduce this b) the cost of the damage exceeds the limit so, even if they accepted our initial claim, we are always going to be out of pocket even after taking account of 'wear and tear' Just hope this approach is successful and we aren't out of pocket too much. Link to comment Share on other sites More sharing options...
Insurance Jon Posted September 22, 2005 Report Share Posted September 22, 2005 put nil for the wear and tear......we do Link to comment Share on other sites More sharing options...
Tomk Posted September 23, 2005 Report Share Posted September 23, 2005 will they ask you to produce profe of cost of items ? Link to comment Share on other sites More sharing options...
Insurance Jon Posted September 23, 2005 Report Share Posted September 23, 2005 proof of purchase usually, but thats the same thing really. Link to comment Share on other sites More sharing options...
cabby Posted September 26, 2005 Author Report Share Posted September 26, 2005 Thanks for advice Jon. Will be submitting the forms this week so will post when we know the outcome. Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now