Jim Eh. 205 Posted February 15 Anyone know what the approximate write off damage/value of a vehicle is for MPIC? Share this post Link to post Share on other sites
Nhil 50 Posted February 15 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. Share this post Link to post Share on other sites
Jim Eh. 205 Posted February 16 I should have said approximate ratio. 50% = common/70% = someplaces ? Share this post Link to post Share on other sites
Paceman 6 Posted February 16 (edited) They just wrote mine off for about 75% of replacement cost. It was on the new car coverage. Edited February 16 by Paceman Share this post Link to post Share on other sites
wscc_1254 24 Posted February 18 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 Share this post Link to post Share on other sites
Paceman 6 Posted February 20 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. Share this post Link to post Share on other sites
wscc_1254 24 Posted February 20 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. Share this post Link to post Share on other sites
MRS Joe 77 Posted February 21 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. Share this post Link to post Share on other sites
