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Confused about difference Cat S or damage repaired
Comments
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"Sunk cost fallacy"
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It depends how much more it’s going to cost. But, yes!
No reliance should be placed on the above! Absolutely none, do you hear?0 -
Too late for that to be applied, she should have given up when they quoted. It's going for respray and finish next week.
Interesting that the garage insisted on 50% payment up front, so they clearly thought it likely insurance won't pay. So they have the money for the parts and I expect will insist on the rest e
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I’m sure it will be much improved and she’ll have a beautiful, if rather expensive, car.
No reliance should be placed on the above! Absolutely none, do you hear?1 -
Categories of write-off are used when the insurer pay the value and decline to repair.
Cat C/D were in use for claims settled before October 2017. Since then, it's been S/N.
C = cost to repair in excess of the pre-collision value.
D = cost to repair below pre-collision value, but declined to repair.
S = structural damage.
N = non-structural (bolt-on) damage.
So, yes, Cat S sounds the right result for side impact where there's damage to sill, door pillar, rear wing. If it's just bolt-on doors or front wing, it should be N. If it was just bolt-on damage, then it'd be fixable WAY below £4k-and-counting with used parts, and it's only going to get near that if the entire car is being painted…
Going for a classic policy over a vanilla one increases the chances of getting the right valuation (but that's not an issue here), and the chances of keeping the salvage for private repair (again, not the issue here). It's also usually a MUCH lower premium…1 -
Another thing I'm curious about; when she gets the car back and the insurance company pay over whatever amount is eventually agreed, is the car still covered by her existing policy until that expires?
I've often wondered
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Read the policy.
But most insurers will terminate a policy if they pay out for a total loss = write the car off.1 -
Some of the cheaper insurers immediately terminate the policy (without any refund) when they pay out a total loss claim.
If the car is worth very little, and there is a large excess, when you factor in the value of the remaining insurance it isn't financially worth claiming.
Most insurers allow you a short time to substitute a replacement vehicle and transfer the insurance over to it (subject to admin and any adjustment for the (invariably) more expensive cover). In this case they may well continue to cover the repaired car.
It all depends on the micro print that forms the contract of insurance.
I want to go back to The Olden Days, when every single thing that I can think of was better.....
(except air quality and Medical Science
)1 -
But have they written it off? I don't think they have, I think the money they have offered is for repairs. If so, would she still be covered?
If a car is written off, doesn't it then belong to the insurance company and you have to buy it back?
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Your friend seems to have made a one-off agreement with her insurers. So, she needs to clarify this with them. As an example, they may have written the car off, but assigned the wreck to her without charge.
No reliance should be placed on the above! Absolutely none, do you hear?0
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