Can I ask insurance company to write off the car instead of fixing it?

by Te
(Kitchener, Ontario)

Hi,


I have a 2011 Siena brought in May 2010. I got into a car accident on Feb. 4, 2011 and the other driver was charged passing the red light. An estimate for fixing the car is around $12,000 to $14,000. My insurance company want to fix it but I don't want too because this is a brand new van, fixing it will decrease the value of the car.

If my policy is including the Removing Depreciation Deduction.

What is my right?

Thank you for your help.

Writing Off a Vehicle


Hi Te,

The removing depreciation endorsement ensures that if your new vehicle is written off you will be reimbursed for the total list price of the new vehicle and not the depreciated value.

Your insurance company will write off the vehicle if the cost to repair is higher than the list price. Otherwise the standard practice is to repair. The Sienna list price is around $27,000 (I think). So you will have a hard time getting the insurer to write it off.

You can try to pressure the insurer, but I doubt you will succeed.

Good luck!


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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

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