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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