HeadingNorth Posted February 2, 2011 Share Posted February 2, 2011 I know nothing about putting write-offs back on the road, but a question occurs to me. If you keep the car that your insurers have already written off (because it's capable of being repaired), does that mean that the theoretical value of your car is now zero? And if so, does that mean that any future damage to the car won't be covered by your insurance - who will claim that the car was already worthless? Maybe you already know the answer to this, but if you don't, you may want to find out. Link to comment Share on other sites More sharing options...
Mr Pops Posted February 2, 2011 Author Share Posted February 2, 2011 I know nothing about putting write-offs back on the road, but a question occurs to me. If you keep the car that your insurers have already written off (because it's capable of being repaired), does that mean that the theoretical value of your car is now zero? And if so, does that mean that any future damage to the car won't be covered by your insurance - who will claim that the car was already worthless? Maybe you already know the answer to this, but if you don't, you may want to find out. Good question mate,does anyone know the answer? Link to comment Share on other sites More sharing options...
jrowl Posted February 2, 2011 Share Posted February 2, 2011 buy back off insurance and then its 40 pound for dvla to inspect it ^^this^^ i did it last year it was 40 quid for a vosa check but you need to drive it to Doncaster. Roughly two thirds to a half of the cars book price will be knocked off the price if you ever sell it on but if like me i'll just keep it till it dies. ps the vosa is only to see if its not a ringer on very bad work has been done. Link to comment Share on other sites More sharing options...
Mr Pops Posted February 2, 2011 Author Share Posted February 2, 2011 ^^this^^ i did it last year it was 40 quid for a vosa check but you need to drive it to Doncaster. Roughly two thirds to a half of the cars book price will be knocked off the price if you ever sell it on but if like me i'll just keep it till it dies. ps the vosa is only to see if its not a ringer on very bad work has been done. Thanks for that pal.. Link to comment Share on other sites More sharing options...
Gluggy Posted February 2, 2011 Share Posted February 2, 2011 I know nothing about putting write-offs back on the road, but a question occurs to me. If you keep the car that your insurers have already written off (because it's capable of being repaired), does that mean that the theoretical value of your car is now zero? And if so, does that mean that any future damage to the car won't be covered by your insurance - who will claim that the car was already worthless? Maybe you already know the answer to this, but if you don't, you may want to find out. Hmm, as Mr Pops has said qood question... I'm not an expert by any means but i think the insurance company are saying the cost of repairing the car back to pre-accident condition is more than the actual value of the car so whilst it could be repaired it doesn't make economic sense do so. Following on from that if you bought it back from them i guess its possible the insurance company would only offer 3rd party cover from there on, they've already indirectly deemed the car of little value by writing it off over a dent and being a recorded loss would only reduce the value / repair V write of threshold even more. Cheers Gluggy Link to comment Share on other sites More sharing options...
kathill73 Posted February 2, 2011 Share Posted February 2, 2011 insurance payout they take the scrap value off the payout money then you have to get it repaired and get a vosa check once its pasted that it Link to comment Share on other sites More sharing options...
Smack Jack Posted February 2, 2011 Share Posted February 2, 2011 And insurance companies never ask if the car is on a cat nor check when the cars crashed, so it will have no effect on insurable value Link to comment Share on other sites More sharing options...
terminator Posted February 2, 2011 Share Posted February 2, 2011 You would be supprised what they right off even if its only a paint job if it costs more than cars value they will right it off.Obviously theres various classifications of damage some dont need to have a vosa test pending repair. Link to comment Share on other sites More sharing options...
jrowl Posted February 3, 2011 Share Posted February 3, 2011 You would be supprised what they right off even if its only a paint job if it costs more than cars value they will right it off.Obviously theres various classifications of damage some dont need to have a vosa test pending repair. Yes the car described will be a cat c category(light/moderate damage) i think. my car was cat c and i have it insured fully comp and i'm sure its valued at the original book price even though i told them i got it really cheep. Link to comment Share on other sites More sharing options...
terminator Posted February 3, 2011 Share Posted February 3, 2011 Yes the car described will be a cat c category(light/moderate damage) i think. my car was cat c and i have it insured fully comp and i'm sure its valued at the original book price even though i told them i got it really cheep. I believe it will be back to book price value as long as repairs are up to appropriate standards its same with motorcyles i used to buy right offs years ago same with any vehicle. Link to comment Share on other sites More sharing options...
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