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Silly_Rice

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Posts posted by Silly_Rice

  1. There is a difference between a repairable write-off and a statutory write-off.

    A repairable write-off is a vehicle that is damaged to the extent that the cost of the repairs exceed that of the insured value of the car, thus it is more financially viable for the insurance company to "write it off" than to repair it. The vehicle may still be serviceable if it is repaired, and can be registered if the repairs are carried out. The insurance company will pay out the insured value to the owner, and then sell off the wreck for a nominal value to a wreckers, scrap merchant or repairer.

    That doesn't stop the the insurance company selling the car off to a repairer, who will do a dodgy job at repairing it to cut costs and maximise profit.

    Insurance companies won't care who they sold the vehicle off to.

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