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Topic: How does mpi determine write off value?
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YEEEEP

4/21/2013 10:01:54 PM
Member since:
Sep 2009
Total posts:395
How does mpi determine write off value?

If your car is written off, how does MPI come about determining there wrote off value? If you have a command start and what not installed, does that get factored into the value?

 
 
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Jojojo

4/21/2013 10:06:05 PM
Member since:
Jul 2005
Total posts:377
when it happened to me

I told my adjuster about recent services repairs n stuff. They check auto trader and other sources to see what the vehicles are selling for.  

sharon kucher

4/21/2013 10:58:00 PM
Member since:
Aug 2009
Total posts:1503
mpi

Bring all your repair bills for the vehicle!  
 
Educate yourself check out the value of your car.  
 
speak up and tell your adjustor what your believe your vehicle is worth.

Big Smo

4/21/2013 11:18:21 PM
Member since:
Jul 2009
Total posts:361
Variety of sources

MPI will use Autotrader,Kijiji, and newspaper classifieds to get a value on your vehicle.  
You should also do the same and present your findings to your adjuster.  
If you have recently had NEW parts installed then they will need bills and will factor them in to the value.  
If you want send me a PM and I can give you a fairly accurate value of your vehicle.

JR

4/21/2013 11:19:49 PM
Member since:
Nov 2007
Total posts:1812
Never

Never, ever accept MPI's first offer on the replacement value of your vehicle. They will lowball you to try and save money. I'm almost convinced that there is a percentage bonus for the adjusters who lowball write-offs.  
 
I had an offer to purchase a car I owned that I was selling for $4k - and the buyer had agreed to that amount and was arranging financing. The car was stolen that night and driven into the Red River in Winnipeg. MPI's first offer? $2100. It was the minimum wholesale value for a vehicle in "poor" condition (which it was NOT).  
 
Like the others said here - take all your recent (within 6 months) repair bills and know what the vehicle is worth before you even talk money with them. You do not have to take whatever they offer you if it is an unfair amount. If the don't go higher, you can and should appeal to the ombudsman.  
 
Good luck.

Veil

4/21/2013 11:20:08 PM
Member since:
Aug 2008
Total posts:84
Autotrader

Try to find listings for vehicles that are similar to yours. Take in as much documentation as you can to show the value of your vehicle.

Veil

4/21/2013 11:20:12 PM
Member since:
Aug 2008
Total posts:84
Autotrader

Try to find listings for vehicles that are similar to yours. Take in as much documentation as you can to show the value of your vehicle.

Treefrog

4/21/2013 11:21:13 PM
Member since:
Oct 2009
Total posts:139
write off

They have a brochure for this exact title at all autopac agents. Very handy to read up on this before you start gambling numbers.  
 
You can also find it very easily by typing it up in google and make sure to put Canada and even Manitoba to get specific guidelines/laws as every province is diff.  
 
The way I learned quickly was they look at the amount of damage($) and the value of your car($) if the damage is close or over the value of your car it is a write off.  
 
Than when it is written off, they look at the lil Canadian black book and check the value of your car. They go on sites like auto trader and will throw you a number. Don't always just jump on that number and take it because a lot of the time you can get way more out of the situation.  
 
A lot of the time people still owe $ on their vehicles so you gotta make sure you get enough back to pay off that debt. A lot of the time if you were at fault for the accident you will get screwed big time for the value. I've heard of mpi offering like 2grand for a vehicle that was still in mint condition before the accident and was worth just belew ten grand. So you gotta be careful and do your homework.  
 
My best advice is go on second hand sites like ebrandon/kijiji(wpg) and autotrader, match up kms and shape of vehicles and of course year and that should give you a better ground. Make sure to save those ads for proof!  
 
PS if ur car only has body damage you can buy the vehicle back as salvalagble and safety it/body integrity and put it back on the road, but when you do this you can't write it off again but it puts some $ in your pocket and a vehicle that just has some facial damage.  
 
Good luck!!

JustanotherNobody

4/22/2013 12:49:11 AM
Member since:
Jan 2012
Total posts:226
my experiences

Autopac has a guideline they follow as to the general value of your vehicle taking mileage and general info on your vehicle. If their value is set at $10,000 they will repair up to roughly %60 of the value in damage estimate before writing it off. If the damages are estimated at $4500 on your $10000 car they will repair it. If it is $5500 in damages they will consider writing it off, but they will also get the repair shop to give them a quote on the cost to repair. New vs. used parts etc. I would suggest letting autopac get the leg work done before you submit any receipts for work done recently before they decide to write off or not. If they decide to write it off they will make you an offer, then you begin negotiating with them. They will take your receipts into consideration then. (I guess it depends on if you want them to write it off or not) They will give you a portion of your recent repairs unless that portion puts enough value in your vehicle to make worth fixing. And if they decide to repair your vehicle right away, present them with your repair bills anyways this way they have record of the repairs in case of any future accidents  
 
Edited by JustanotherNobody, 2013-04-22 00:51:09

A.G.

4/22/2013 1:28:27 AM
Member since:
Jan 2010
Total posts:1938
.

Omg I needed this post. So my vehicle got damaged in an accident alot of front end damage ( air bags didnt go off , structure is secure just the hood fenders lights etc are damaged) its not my fault. I got an estimate from a guy said around 5-6 grand ... My vehicle is rare and estimated at 12 grand and has a high resale value too. It was in mint condition when I bought , low km's, and I took great care of it. Until the accident. MPI says the cost to fix would be 10 grand so they want to write it off. I just want my vechicle back and fixed , but to buy back will prob cost me 2 grand! That I don't have. Why should I have to buy back my own vehicle and fix on my own dime when I was not at fault! Is there any reasoning I can do to get it fixed? Btw the person who's fault it was initially agreed to pay to fix it but of course changed there mind. I'm just upset to lose my vehicle it's hard to find one like it again but I feel I'm forced to write it off because of them unless they give me more than it's value then I can buy it back help

bigmoe

4/22/2013 6:17:34 AM
Member since:
Jul 2006
Total posts:1651
.

If you have the opportunity it helps to clean the heck out of it before it goes into MPIC because they rate the car as poor, average and above average condition which effects the value.

Shotgun2.0

4/22/2013 7:14:08 AM
Member since:
Mar 2013
Total posts:152
MPI

They use the blue or black book to determine value of a vehicle. It lists the vehicle with or without available options and has a scale for condition and kilometers etc. It gives a high and low depending where the vehicle fits into the scale. Just because you regularly wash it, vacuum it and think it's "rare" doesn't necessarily mean its worth more unfortunately.  
 
They certainly do not spend their day searching Kijiji and eBrandon to see what others are trying to sell them for. However if they give you a low valuation it would be good for YOU to go on to sites like that and print out some vehicles that are similar. Then show them what they are selling for and hopefully they will adjust the valuation if not you will have to appeal it.

Cuba2015

4/22/2013 7:26:49 AM
Member since:
Jun 2006
Total posts:114
our vehicle

was a complete write off...we told them what we paid for it, $5500 with taxes in and new tires. we got the reciepts from the car dealership for the car etc.. we ended up getting back more than what we paid for it... we just bought a similar vehicle with same kms etc as our last one and are still gonna be 800-1000 dollars ahead AND we never even had to negotiate with MPI. they asked what we wanted, we told them and they gave us MORE!!!

dueindecember

4/22/2013 7:35:02 AM
Member since:
Feb 2009
Total posts:651
mpi

A lot of a negativity, so I'll add a positive experience I had with mpi. Brand new car only a few months old got written off, got back what I paid for it. No low balling or negotiations, just an offer of purchase price which I accepted.  

Oh Canada

4/22/2013 8:17:21 AM
Member since:
Mar 2010
Total posts:1270
The reason

  
dueindecember said "A lot of a negativity, so I'll add a positive experience I had with mpi. Brand new car only a few months old got written off, got back what I paid for it. No low balling or negotiations, just an offer of purchase price which I accepted.  
"

I agree that there is a lot of negative posts. If you do your homework you will get a fare market value for the veh you own if it is written off.  
 
Dueindecember - You should include in your post that you purchased an extension policy that guaranteed you the full cost of the veh you bought if it was written-off in the first two years you owned it!  
 
For the unfortunate person that doesn't buy this type of insurance I would suggest that they would find out how new veh depreciate . Probably about 20% of the value in the first year!  
 
 
 
Edited by Oh Canada, 2013-04-22 08:19:34

katwalk1909

4/22/2013 8:30:10 AM
Member since:
Aug 2008
Total posts:7088
Buy Back Option

MPI has the numbers that show what the vehicle would get at a salvage option. If they have written off your vehicle, you can buy it back before the salvage sale by reducing the amount you receive as settlement.  
 
In my case it was a 1996 Dodge that had hail damage. We bought it back and got about half of the blue book value and then decided the hail damage was not worth repairing.  
 
Check out the buy back option.

Big Smo

4/22/2013 8:51:07 AM
Member since:
Jul 2009
Total posts:361
Not true

  
Treefrog said "They have a brochure for this exact title at all autopac agents. Very handy to read up on this before you start gambling numbers.  
 
You can also find it very easily by typing it up in google and make sure to put Canada and even Manitoba to get specific guidelines/laws as every province is diff.  
 
The way I learned quickly was they look at the amount of damage($) and the value of your car($) if the damage is close or over the value of your car it is a write off.  
 
Than when it is written off, they look at the lil Canadian black book and check the value of your car. They go on sites like auto trader and will throw you a number. Don't always just jump on that number and take it because a lot of the time you can get way more out of the situation.  
 
A lot of the time people still owe $ on their vehicles so you gotta make sure you get enough back to pay off that debt. A lot of the time if you were at fault for the accident you will get screwed big time for the value. I've heard of mpi offering like 2grand for a vehicle that was still in mint condition before the accident and was worth just belew ten grand. So you gotta be careful and do your homework.  
 
My best advice is go on second hand sites like ebrandon/kijiji(wpg) and autotrader, match up kms and shape of vehicles and of course year and that should give you a better ground. Make sure to save those ads for proof!  
 
PS if ur car only has body damage you can buy the vehicle back as salvalagble and safety it/body integrity and put it back on the road, but when you do this you can't write it off again but it puts some $ in your pocket and a vehicle that just has some facial damage.  
 
Good luck!! "

Not entirely true Treefrog.  
Anyone can buy their vehicle back as salvage no matter what condition it is in.  
If it is deemed Salvagable by MPI you can then repair the vehicle and it must go through 2 inspections....a body integrity inspection and a safety inspection.  
If the vehicle gets written off again you still get paid fair market value for it.  
Once a vehicle has gone through 2 total losses then it is deemed Irreparable and can not ever be insured again.

Big Smo

4/22/2013 8:58:43 AM
Member since:
Jul 2009
Total posts:361
Another misinformed person

  
Shotgun said "They use the blue or black book to determine value of a vehicle. It lists the vehicle with or without available options and has a scale for condition and kilometers etc. It gives a high and low depending where the vehicle fits into the scale. Just because you regularly wash it, vacuum it and think it's "rare" doesn't necessarily mean its worth more unfortunately.  
 
They certainly do not spend their day searching Kijiji and eBrandon to see what others are trying to sell them for. However if they give you a low valuation it would be good for YOU to go on to sites like that and print out some vehicles that are similar. Then show them what they are selling for and hopefully they will adjust the valuation if not you will have to appeal it. "

Sorry Shotgun but they do spend time sourcing car values on web sites.  
I have had the misfortune,through no fault of my own mind you, in the past 4 years to have 6 vehicles written off.  
EVERY time they used Kijiji and Auto Trader ads,that they show you,to determine a "fair market value" for your vehicle.  
Sorry but this is how they operate now.  

Woody94

4/22/2013 9:06:30 AM
Member since:
Dec 2010
Total posts:530
zombieland

Not entirely true either. If you keep the car you can write it off as many times as you like as long it keeps passing the two inspections. The two and done only applies if you let mpi take the car.

NA

4/22/2013 9:49:34 AM
Member since:
May 2011
Total posts:350
first offer...

say no, they alway go higher next time. Get autotrader, kijiji, ebrandon, and see what similar vehicles are selling for.  
 
Clean your vehicle and remove garbage.  
 
Sometimes it is good to bring in receipts if your vehicle has had repairs and if recently purchased your bill of sale.  
 
If you got a good deal on the vehicle and they will pay you more then shut your mouth about costs and go on about how you don't think you can buy a compareable vehicle at that price. The offer will go up.  
 
Examples: Car bought for 2000 had a 1000 in recent repairs. Autopac initially wanted to pay 2000 but paid out 2750 after receipts.  
 
Van paid 7250 no money on fixing. Autopac final offer 13500 18 months later. Did nothing but try to key my face neutral.  
 
Van paid 300 put in 600 to safety. Autopac paid 2100 at final offer.  
 
Cars with lots of damage and repairs are hard to sell so unless it is a rare vehicle or they are writting it off for major damage don't buy it back. Get a good deal and get something else. I'm saying this as a person whose family has written off 4 trucks, 2 vans, and a dozen cars.

traveller

4/22/2013 10:11:58 AM
Member since:
Jun 2007
Total posts:8900
>:

  
<3 said "Omg I needed this post. So my vehicle got damaged in an accident alot of front end damage ( air bags didnt go off , structure is secure just the hood fenders lights etc are damaged) its not my fault. I got an estimate from a guy said around 5-6 grand ... My vehicle is rare and estimated at 12 grand and has a high resale value too. It was in mint condition when I bought , low km's, and I took great care of it. Until the accident. MPI says the cost to fix would be 10 grand so they want to write it off. I just want my vechicle back and fixed , but to buy back will prob cost me 2 grand! That I don't have. Why should I have to buy back my own vehicle and fix on my own dime when I was not at fault! Is there any reasoning I can do to get it fixed? Btw the person who's fault it was initially agreed to pay to fix it but of course changed there mind. I'm just upset to lose my vehicle it's hard to find one like it again but I feel I'm forced to write it off because of them unless they give me more than it's value then I can buy it back help "

you don't need cash in hand when you buy back your vehicle as they just reduce your payout the amount of the buyback, but if you want to fix it you do still have to come up with that cash, basically what mpi is telling you tho with a write off is that its not worth it to fix up to full standards financially, if you have an attachment tho or are ok with some cosmetic damage, or can do some of the repairs yourself , is when it becomes worth it to buy the car back  
 
i also agree that you need to negotiate, mpi always comes up at least some so never take their first offer  
 
rural82- i see your the reason our rates are so high :p

Shotgun2.0

4/22/2013 10:41:44 AM
Member since:
Mar 2013
Total posts:152
Pfft

  
Zombieland said "
  
Shotgun said "They use the blue or black book to determine value of a vehicle. It lists the vehicle with or without available options and has a scale for condition and kilometers etc. It gives a high and low depending where the vehicle fits into the scale. Just because you regularly wash it, vacuum it and think it's "rare" doesn't necessarily mean its worth more unfortunately.  
 
They certainly do not spend their day searching Kijiji and eBrandon to see what others are trying to sell them for. However if they give you a low valuation it would be good for YOU to go on to sites like that and print out some vehicles that are similar. Then show them what they are selling for and hopefully they will adjust the valuation if not you will have to appeal it. "

Sorry Shotgun but they do spend time sourcing car values on web sites.  
I have had the misfortune,through no fault of my own mind you, in the past 4 years to have 6 vehicles written off.  
EVERY time they used Kijiji and Auto Trader ads,that they show you,to determine a "fair market value" for your vehicle.  
Sorry but this is how they operate now.  
"

Cool. I guess if I ever write my truck off I'm gonna go post a couple dozen ads up on the internet of similar vehicles and jack the price by about $10,000 more over blue book value. Then I'm gonna go to my adjuster and say look at these ads on Craigslist suckas! Which won't be suspicious at all since pretty much every private sale on the internet is overpriced. Be sweet almost like winning lottery. Thanks for the info.

Big Smo

4/22/2013 12:40:33 PM
Member since:
Jul 2009
Total posts:361
Shotgun

No problem. Good luck on hitting the lotto numbers if you ever need to ;)

Big Smo

4/22/2013 12:43:12 PM
Member since:
Jul 2009
Total posts:361
Woody

  
Woody94 said "Not entirely true either. If you keep the car you can write it off as many times as you like as long it keeps passing the two inspections. The two and done only applies if you let mpi take the car. "

That may be so in certain cases or if your car is not too badly damaged.  
Daughter just wrote off her car and they deemed it Irreparable as I had bought it originally as a write off and repaired it. 2nd total loss. I could have bought it back as salvage but it would be for parts only.  
Sure would be nice to have other alternatives in this province instead of the monopoly MPI has.

NA

4/22/2013 1:37:53 PM
Member since:
May 2011
Total posts:350
traveller, blame my

hubby is the bad driver. He blames the wildlife and other vehicles on the road for his mishaps though. I tried telling MPI to make him take driving lessons or something to get him to be a better driver but they won't.  
 
To OP sometimes with non factory installed parts and add ons, MPI doesn't factor them in if they can be removed.  

traveller

4/22/2013 2:24:52 PM
Member since:
Jun 2007
Total posts:8900
LOL

  
rural82 said "hubby is the bad driver. He blames the wildlife and other vehicles on the road for his mishaps though. I tried telling MPI to make him take driving lessons or something to get him to be a better driver but they won't.  
 
To OP sometimes with non factory installed parts and add ons, MPI doesn't factor them in if they can be removed.  
"

hitting a deer happens....sometimes buuut a good driver does learn to look for them especially in areas or times of day that are known for deer, a good driver also looks for bad drivers too, so ya get him some lessons lol

LostInThought

4/23/2013 9:54:30 PM
Member since:
May 2012
Total posts:36
Autopac pays very well imo!

I had bought a 1998 plymouth breeze for $1200 safetied, drove it for a month before it got hailed and autopacs initial offer was $2450! My father just bought a mid 90s buick lesabre this winter safetied for $1500, drove it for a month roughly, hit a deer, then autopac is giving him $4000! They had appraised my 2004 gmc sierra sle 4x4 at $12,500 so I almost wish I had hit a deer because I was only able to sell it privately for $5500

slurpeegirl

4/23/2013 11:44:06 PM
Member since:
Feb 2010
Total posts:1176
policy extension?

  
dueindecember said "A lot of a negativity, so I'll add a positive experience I had with mpi. Brand new car only a few months old got written off, got back what I paid for it. No low balling or negotiations, just an offer of purchase price which I accepted.  
"

http://apps.mpi.mb.ca/Irc/Help/irc_insurance.html#NewCar  
 
that is for new cars, with low mileage. it is not included in a regular policy. they even top off for inflation, if need be.  
 
they started this around the time i worked in autopac, which was around '97 ish.

Treefrog

4/24/2013 3:44:12 AM
Member since:
Oct 2009
Total posts:139
reply:

Shotgun- I'm not sure if you were talking about my comment on using websites, that was meant towards us people that have the written off vehicle not mpi themselves. Yes they use blue and black book values but they also use kijiji ads for approx. values of second hand vehicles(match kms and so on)  
 
Zombieland- I must have used the wrong wording with my original post for everyone not understanding what I actually meant. I bought my car back so I know exactly what your saying...Only thing I didn't know is it could be written off again. SOOOOOO if you are right, then that sucks lol cuz that means I've been driven around for almost two years thinking that my car is a pos and if someone hits me i'm royally screwed....I didn't know you could write it off twice.....Please send me all the information you can find about this and i'm going to be researching it lol cuz that's a lot of stress I put myself threw for nothing if that's the case......................................  
 
 
<:3- I paid over $300 for it back and than had to pay to safety it and body integrity test. So in the long run I still had money left over but I lost out having it written off and I also was put at fault for the accident as there was no license plate number. So in the end losing my 5 merits for being blamed as a single vehicle accident(semi drove me off the hwy during storm)I lost that extra money to pay off the discount I had prior(I had +7merits) cheaper reg/license=no discount.

V-BallRocks

4/24/2013 9:39:21 AM
Member since:
Nov 2007
Total posts:266
Writing off twice...

I would think that it would need to be written off for a different reason. I can't see a car being written off for hail damage, not repaired and them allowed to be written off for hail damage again. But if the second time it was for being run into and the car suffered a different type of damage, I could see it being written off a second time.

 
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