Jim Eh. Posted February 15, 2018 Share Posted February 15, 2018 Anyone know what the approximate write off damage/value of a vehicle is for MPIC? Link to comment Share on other sites More sharing options...
Nhil Posted February 15, 2018 Share Posted February 15, 2018 Sort of depends on the vehicle/situation. If the cost to repair (minus the value of salvage) is higher than the ACV (actual cash value) of the vehicle just before the loss, it will in most cases be written off. Other factors include parts availability and loss of use costs. Link to comment Share on other sites More sharing options...
Jim Eh. Posted February 16, 2018 Author Share Posted February 16, 2018 I should have said approximate ratio. 50% = common/70% = someplaces ? Link to comment Share on other sites More sharing options...
Paceman Posted February 16, 2018 Share Posted February 16, 2018 They just wrote mine off for about 75% of replacement cost. It was on the new car coverage. Link to comment Share on other sites More sharing options...
wscc_1254 Posted February 18, 2018 Share Posted February 18, 2018 That doesn't sound right according to their explanation of new car coverage https://www.mpi.mb.ca/en/Reg-and-Ins/Insurance/Optional-Autopac/Pages/newcarprotection.aspx Link to comment Share on other sites More sharing options...
Paceman Posted February 20, 2018 Share Posted February 20, 2018 On 2/18/2018 at 10:01 AM, wscc_1254 said: That doesn't sound right according to their explanation of new car coverage https://www.mpi.mb.ca/en/Reg-and-Ins/Insurance/Optional-Autopac/Pages/newcarprotection.aspx The damage reached 75% of replacement cost for the write off, they did give us full purchase price. Link to comment Share on other sites More sharing options...
wscc_1254 Posted February 20, 2018 Share Posted February 20, 2018 Sorry, I read it as you only received 75% of replacement not that the 75% threshold triggered a full price award. That ~$30- 40 extra premium was a good investment for you. Hope you found a suitable replacement. Link to comment Share on other sites More sharing options...
MRS Joe Posted February 21, 2018 Share Posted February 21, 2018 I’ve been told it’s 60 - 75%. It’s adjuster and vehicle dependant. If it’s something the adjuster has had flagged to “rid the system of” like cars with rust or high risk cars they may flush them. My 99 corolla was at 65% and they wouldn’t write it off unless I took a lower payout, to bring mpi’s loss value down, which I opted to at the time. Link to comment Share on other sites More sharing options...
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