Hi Matt,
Commiserations. It's always a nasty feeling, afterwards.
But to your question.....
If the insurers take your truck, because either of you insist, it will cost them £12,000 (presumably) and they will sell the wreck for £2,000 (see WANTED ads on Ebay). That would suggest, that they should consider giving you £10,000, and let you keep your truck. We should be so lucky!
There is also the matter of NCB. I suspect that normally a total/economic write-off will terminate your present policy, and cancel your NCD
AND CANCEL YOUR PRESENT POLICY, If you own any other cars, you should declare this accident at their next insurance renewal ... and get frowned at. You Landy will be deemed an economic write off, recorded on the V5, and be considered "unclean" by potential purchasers. I suggest that there may be advantages in buying a scrapper, and rebuilding it with a new chassis, and a mixture of the "pickings" from your truck, and new parts. I'm
guessing £5,000, plus another £2,000, if you want a new bulkhead.
As my/our cars and house are all insured with the same company, I tend to assume that all the various departments are aware of any claim made on any one of the policies.
Your registration plates may have a value. Ask an expert how to save them on retention. The same may apply to the plates on the vehicle you rebuild. I'm out of touch with such things. If the insurers insist on scrapping your truck, remember to include the value, if any, of the registration. Somebody else had better advise on that.
602
Overtaken by Diffwhine, but I won't bother changing mine.