Car now an insurance write off

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bolo said:

Thanks for the replies. I agree with the confusion hence my post. Its a Cat S job!

Nobbie, the insurance companies now just can't be arsed with repair, adding to the waste of resources etc. Our car's engine is still super smooth and our car (from brand new) has done below average miles. It was nuts that they choose to scrap it. The damage did mess up the boot and now it doesn't close snuggly but its nothing that can't be fixed.

Thanks for the V5 info. As we are not planning on selling the car (properly scrap it when the correct time comes!) seems there will be no need to update the v5. The DLVA / GOV website goes on about having to buy back the number plate but didn't make the distinction between a complete write off and our case, where we are keeping the car. It is just written badly!

If it is Cat S, you can't still have the V5, the insurance company ask for it before they pay out and they have to do something with it when they notify DVLA (either send it back or destroy it, I don't know).

You just apply on a V62 for the V5 back and they issue a new one that is marked as Cat S on the front page- where the notes go.

The tax will have ended when the V5 was killed, and you can't tax it without the number from the replacement V5.

Nobbie1967

facade said:

bolo said:

Thanks for the replies. I agree with the confusion hence my post. Its a Cat S job!

Nobbie, the insurance companies now just can't be arsed with repair, adding to the waste of resources etc. Our car's engine is still super smooth and our car (from brand new) has done below average miles. It was nuts that they choose to scrap it. The damage did mess up the boot and now it doesn't close snuggly but its nothing that can't be fixed.

Thanks for the V5 info. As we are not planning on selling the car (properly scrap it when the correct time comes!) seems there will be no need to update the v5. The DLVA / GOV website goes on about having to buy back the number plate but didn't make the distinction between a complete write off and our case, where we are keeping the car. It is just written badly!

If it is Cat S, you can't still have the V5, the insurance company ask for it before they pay out and they have to do something with it when they notify DVLA (either send it back or destroy it, I don't know).

You just apply on a V62 for the V5 back and they issue a new one that is marked as Cat S on the front page- where the notes go.

The tax will have ended when the V5 was killed, and you can't tax it without the number from the replacement V5.

Not true in my case when claiming off the 3rd party. I’ve been paid out for a Cat S and they haven’t required the V5, but have told me they will be informing DVLA of the marker. Just checked and it’s still taxed as well.

bolo

Nobbie1967 said:

facade said:

bolo said:

Thanks for the replies. I agree with the confusion hence my post. Its a Cat S job!

Nobbie, the insurance companies now just can't be arsed with repair, adding to the waste of resources etc. Our car's engine is still super smooth and our car (from brand new) has done below average miles. It was nuts that they choose to scrap it. The damage did mess up the boot and now it doesn't close snuggly but its nothing that can't be fixed.

Thanks for the V5 info. As we are not planning on selling the car (properly scrap it when the correct time comes!) seems there will be no need to update the v5. The DLVA / GOV website goes on about having to buy back the number plate but didn't make the distinction between a complete write off and our case, where we are keeping the car. It is just written badly!

If it is Cat S, you can't still have the V5, the insurance company ask for it before they pay out and they have to do something with it when they notify DVLA (either send it back or destroy it, I don't know).

You just apply on a V62 for the V5 back and they issue a new one that is marked as Cat S on the front page- where the notes go.

The tax will have ended when the V5 was killed, and you can't tax it without the number from the replacement V5.

Not true in my case when claiming off the 3rd party. I’ve been paid out for a Cat S and they haven’t required the V5, but have told me they will be informing DVLA of the marker. Just checked and it’s still taxed as well.

Same here. Still got the v5... And the car is taxed until May....

tifo

bolo said:

The DLVA / GOV website goes on about having to buy back the number plate but didn't make the distinction between a complete write off and our case, where we are keeping the car. It is just written badly!

If the insurance company takes the car for salvage you can take off a private number plate before you give it to them, they have no interest in the reg. There's no need to buy it back. They insure the body of the car not the number plate which is an identifier.

Changing over number plates takes less than 10 minutes online (before 7pm) and is immediate. As soon as you submit you can change them over on the car. You can also change the reg online with most insurers and they normally didn't charge though some tight gits have started to. It's also immediate with the insurer but can take a day or so to show everywhere.

Where you keep the car it makes no difference. Note that some insurance companies don't insure Cat S and some not even Cat N (the old C and D).

tifo

facade said:

If it is Cat S, you can't still have the V5, the insurance company ask for it before they pay out and they have to do something with it when they notify DVLA (either send it back or destroy it, I don't know).

You just apply on a V62 for the V5 back and they issue a new one that is marked as Cat S on the front page- where the notes go.

The tax will have ended when the V5 was killed, and you can't tax it without the number from the replacement V5.

Not true. We had a car which was Cat S last year and kept it. The insurer didn't ask for the V5 log book and the road tax, MOT and insurance continued until we sold the car a month later, it took that long for them to pay out. The new buyer repaired it and got it MOT'd, then taxed and insured for their own use. It's running around fine (a friend had bought it, he got a deal cos I sold it to him at the scrap price).

We lost out by £900 as the insurer's contract salvage value was this much more than the actual salvage value in our report. That's because of how they sell many cars to a scrap yard at a fixed price regardless of what it is. They deducted their contract salvage value from the payment so they didn't lose out so to them it was the same whether we kept it or it went to their salvage partner.

Insurers only ask for the V5 log book when they take the car away for scrap and you've to complete the change over to their name (sold to a trader or scrapped). That's what's happened with our previous cars.

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tifo said:

facade said:

If it is Cat S, you can't still have the V5, the insurance company ask for it before they pay out and they have to do something with it when they notify DVLA (either send it back or destroy it, I don't know).

You just apply on a V62 for the V5 back and they issue a new one that is marked as Cat S on the front page- where the notes go.

The tax will have ended when the V5 was killed, and you can't tax it without the number from the replacement V5.

Not true. We had a car which was Cat S last year and kept it. The insurer didn't ask for the V5 log book and the road tax, MOT and insurance continued until we sold the car a month later, it took that long for them to pay out. The new buyer repaired it and got it MOT'd, then taxed and insured for their own use. It's running around fine (a friend had bought it, he got a deal cos I sold it to him at the scrap price).

We lost out by £900 as the insurer's contract salvage value was this much more than the actual salvage value in our report. That's because of how they sell many cars to a scrap yard at a fixed price regardless of what it is. They deducted their contract salvage value from the payment so they didn't lose out so to them it was the same whether we kept it or it went to their salvage partner.

Insurers only ask for the V5 log book when they take the car away for scrap and you've to complete the change over to their name (sold to a trader or scrapped). That's what's happened with our previous cars.

I did say that dot gov dot uk is (usually hopelessly wrong)

bolo

Agreed. Just so confusing... The car is still taxed, mot'd and my insurance company said it is still covered.  We still have the log book so I think everything is in place to continue to us it!

Thanks a lot for the replies....