Write off

[Chinski]

Question,

If a vehicle has been damaged and the insurance company has agreed a payment for the car. The original owner then sells the damaged car to someone else for a nominal fee. Apparently this practice is agreed with the insurance company. Would this vehicle be classed as a write off or will the car just be classed as any other?

Not sure if a classic status has any bearing on this scenario?

Any thoughts?

Cheers wik.

[milothedog]

Question,

If a vehicle has been damaged and the insurance company has agreed a payment for the car. The original owner then sells the damaged car to someone else for a nominal fee. Apparently this practice is agreed with the insurance company. Would this vehicle be classed as a write off or will the car just be classed as any other?

Not sure if a classic status has any bearing on this scenario?

Any thoughts?

Cheers wik.

This may answer your question.

http://www.carpages.co.uk/motoring-news/car-insurance-write-off-categories-17-09-08.asp

Ian

[jakesmig]

In my view for what it is worth, if you haven't accepted the payment and returned the registration document to the insurance company then the vehicle hasn't been declared written off. The vehicle can only be declared a write off when the registration documentation is marked accordingly and returned to DVLA for updating.

John

[milothedog]

A work mate had a Fiesta that his Son wrote off, The insurance company paid him out and let him keep the salvage as part of the settlement. we repaired it and the same insurance company just asked it had a new MOT before they insured it again.

That wasn't recorded as a Cat D

Ian.

[V Mad]

I am guessing here, but I would have thought that once you have submitted details of the vehicle and the damage to the insurance Co they would enter the information onto the database as a write off.

If someone tries to pass it off (sell it) as anything else, it would be fraudulent.

[Kevin Garrod]

HPI check?

[73stagman]

The "write off" will be categorised by the insurance company related to damage / reparability etc.... you can google the categories for more details.

The category will also determine if the car can be repaired or used for parts only. It can be sold to anyone who is prepared to buy it. ALL write off categories must be declared by the seller to the buyer BEFORE the sale is agreed.

[GDPR]

Our MGB roadster auto was written off smiting a lampost dead centre at about 30mph and a fair value set by the insurance company. We agreed a buyback figure and the money was paid out minus buyback.

The car was Cat C but agreed by assessors to be repairable but just not economical for them - value £5k, repair over £4k so when we told them we had organised a repairer and fully intended to return it to the road no VIC marker was put on and balance used by us to repair properly and give the whole car a fresh coat of paint.

Having been in the family since 1975 we don't really want to part with it, so it will be given to my daughter on her 17th birthday.

[flying farmer]

SWMBO had a parking bump in her Escort about 5 years ago, damage was a headlamp and front bumper but the car was beyond economic repair according to the insurance. They let us keep the car and paid out on its valuation less her excess.

Insurance said it would only be covered 3rd party until it had an MOT. Scrapyard parts and a few aerosol cans put it back on the road in a few hours for less than £100. Nothing on the log book, and we got another years use out of it before using it as a scrappage trade in when my dad bought a new car, SWMBO getting his very low mileage Rover in return

[ChasR]

Just because a v5 does not say that it is a write off does not mean that the car has not been recorded elsewhere (generally speaking, it is only CAT Cs that show up on the logbook, and even then it is seldom the case (I know that a CAT C of mine was not showing on the logbook).

To respond to the original question, if the insurance company have deemed the car a total loss, the chances are that it will be recorded as a CAT D via the relevant networks (HPI, Experian etc.).

I have resurrected a CAT D since the insurance company wrote it off for being too expensive to repair (the mileage was working heavily against its value).

I can see many cars becoming CAT Ds with ease in the future though (£1k anyone for a bonnet on a BMW Mini? That is before you even get to fitting or paint).