When a car has been written off, you do not get market value unless you have agreed value policy. You get a mythical amount which is an amount which would be paid by a willing buyer to a willing seller.
The reality is that it is somewhere between retail and bottom book. It is not a case of just getting lots of adverts from auto Trader or eBay and saying that is how much it’s worth.
The car still belongs to you unless there is something in the settlement offer which says that the salvage belongs to them. However, rather than have the argument, you need to contact the insurance company .
Don’t ask them whether you own the insurance salvage and do not ask them whether they own it.
Asked them to confirm that the salvage belongs to you and that you can now do with it as you wish.
If they say that it belongs to them, tell them that you need them to make a reasonable offer for storage over the last year!
They are probably not going to be bothered after this time you do need to get it in writing to avoid hassle later.
If you are generally disgruntled with the amount they offered for the car, you can either take them to court if the accident was your fault or take the other driver’s insurer to courts if it was another drivers fault or you can just refer the matter to the Financial Ombudsman Service.
Can I clarify anything for you?
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It depends purely on the terms of the settlement.
That’s why I suggested that you wrote to them as I did.
There is no time limit.
If they now start demanding the salvage, then you start demanding storage which is about £150 per week they have saved with you storing it as opposed to it being in a salvage yard.
In my experience, in cases like this, they are unlikely to start arguing over the salvage and if they do, it will only be a couple of hundred pounds at the most depending on the actual value of the car of course.It was a very expensive car, they are not likely to have left it hanging around for a long time.