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    • Wilky18
    • By Wilky18 14th Oct 16, 12:51 PM
    • 3Posts
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    Wilky18
    Insurance question about cat d write off
    • #1
    • 14th Oct 16, 12:51 PM
    Insurance question about cat d write off 14th Oct 16 at 12:51 PM
    I am thinking of purchasing a car which is a cat d write off. I have absolutely no problem with the cars state of repair its has a full engineers report and is in stunning condition. The car is for sale for £20000 but if it wasn't cat d it would be valued at £27000. So my issue is if any thing was to happen to the car (stolen,written off etc) in my ownership what is the likely value an insurance company will pay out. E.g. After 1 year the car is stolen are the insurance company going to pay out £12000 or £5000. I totally understand that the car will depreciate but I would hate to loose £15000 if anything were to happen.

    Many thanks in advance
Page 1
    • paddyandstumpy
    • By paddyandstumpy 14th Oct 16, 1:03 PM
    • 336 Posts
    • 93 Thanks
    paddyandstumpy
    • #2
    • 14th Oct 16, 1:03 PM
    • #2
    • 14th Oct 16, 1:03 PM
    They would pay the market value, adjusted by the fact it's a previously written off vehicle and therefore worth less money (you've indicated it's already 25% under market value)
    • Aretnap
    • By Aretnap 14th Oct 16, 1:14 PM
    • 2,429 Posts
    • 1,901 Thanks
    Aretnap
    • #3
    • 14th Oct 16, 1:14 PM
    • #3
    • 14th Oct 16, 1:14 PM
    As above, they will (or should) pay the full market value for a car of that age and mileage, less a deduction to reflect the fact that it's previously been written off. The Financial Ombudaman's position is that the deduction should not normally be more than 20%. See here

    https://web.archive.org/web/20151110033226/http://www.financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html#14

    (Web Archive link as the Ombudsman have, in their infinite wisdom, recently made the page on their website more "user-friendly" by removing most of the information from it.)
    • forgotmyname
    • By forgotmyname 14th Oct 16, 1:17 PM
    • 23,348 Posts
    • 9,200 Thanks
    forgotmyname
    • #4
    • 14th Oct 16, 1:17 PM
    • #4
    • 14th Oct 16, 1:17 PM
    Do you have pictures of the damaged vehicle? The damage on a £27k car could have been substantial.

    Stunning condition like the paintwork looks like new, well it probably is brand new paint. Still wet in places?

    The engineers report wont tell you whats beneath the skin.
    Punctuation, Spelling and Grammar will be used sparingly. Due to rising costs of inflation.

    My contribution to MSE. Other contributions will only be used if they cost me nothing.

    Due to me being a tight git.
    • Wilky18
    • By Wilky18 14th Oct 16, 1:18 PM
    • 3 Posts
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    Wilky18
    • #5
    • 14th Oct 16, 1:18 PM
    • #5
    • 14th Oct 16, 1:18 PM
    Thats great, so based on the saving with the purchase price it's worth it?
    • Wilky18
    • By Wilky18 14th Oct 16, 1:34 PM
    • 3 Posts
    • 0 Thanks
    Wilky18
    • #6
    • 14th Oct 16, 1:34 PM
    • #6
    • 14th Oct 16, 1:34 PM
    The car was damaged in the near rear 3/4 which was replaced. The car is an ex jaguar uk car with only 4800 miles which was damaged while in their ownership

    I am unable to post a photo as a new user it will not allow me to post links
    • Aretnap
    • By Aretnap 14th Oct 16, 2:19 PM
    • 2,429 Posts
    • 1,901 Thanks
    Aretnap
    • #7
    • 14th Oct 16, 2:19 PM
    • #7
    • 14th Oct 16, 2:19 PM
    Thats great, so based on the saving with the purchase price it's worth it?
    Originally posted by Wilky18
    In terms of insurance it should not be a problem - the valuation for insurance purposed will depreciate from what you're paying, of course, but not to a significantly worse extent than it would for any other car.

    When buying insurance check the assumptions carefully to make suret hey don't say anything along the lines of "the car has not previously been written off".. There are a small number of insurers who won't insure a car which has previously been written off (Swiftcover spring to mind - or was it eSure), though it will be no problem for the majority of insurers.

    The wider question of course is whether the car is worth the money you're paying for it. If the repairs have been carried out to a high standard then it should be. If they haven't then you could have problems down the line which would more than outweigh the saving, so you do have to be confident that it's been repaired properly (and I wouldn't pretend to be an expert on judging such things).
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