Time to start a new business...
Discussion
some people think or want you to think that a Cat D car is simply one that had an insurance claim. actually, a cat D car has been 'written off' as a 'total loss' by the insurer.
and there are plenty of cars out there with telephone number repair bills paid by insurers that are not recorded as Cat D or anything.
and there are plenty of cars out there with telephone number repair bills paid by insurers that are not recorded as Cat D or anything.
agtlaw said:
some people think or want you to think that a Cat D car is simply one that had an insurance claim. actually, a cat D car has been 'written off' as a 'total loss' ...
Not sure I totally agree with you there.The definition of a category D according to the HPI site (I couldn't find one for the ABI) is:
"Category D: This vehicle was repairable, but the repair costs were significant compared to the vehicle value. The insurer chose not to repair for economic reasons."
There are all sorts of scenarios where a car can become cat D with modest damage, the difficulty presumably is in sorting the wheat from the chaff.
rob.kellock said:
Not sure I totally agree with you there....
ABI:Category D, REPAIRABLE total loss vehicles where repair costs including VAT do not exceed the vehicle’s PAV.
Category C, REPAIRABLE total loss vehicles where repair costs including VAT exceed the vehicle’s pre-accident value (PAV).
Category B, BREAK for spare parts if economically viable (excluding any residual scrap value).
Category A, SCRAP only (i.e. with few or no economically salvageable parts and which is of value only for scrap metal) e.g. total burnouts
Depends on the value of the car really. A Cat D car that has tailed off in depreciation terms and/or is only worth a couple of thousand is unlikely to be dramatically affected by the Cat D status.
It also depends on when the car was written off too. A GT3 written off at any point in its lifetime demands intensive investigation, but if it was written off early in its life then you could assume the damage was significantly worse than, say, 5 years later after it has lost the lion share of its value in depreciation. Parts and labour cost remain a constant whereas the car value drops commensurately with age.
Generally speaking anyone selling a Cat D car has only ever needed to replace a bumper, or it was stolen/recovered by the most caring TWOC'er in the world. Apocryphally I've heard stories of cars written off for minor damage, but I'm inclined to believe that "total loss" is as significant as it sounds unless proven otherwise with bills & photos of the original damage.
It also depends on when the car was written off too. A GT3 written off at any point in its lifetime demands intensive investigation, but if it was written off early in its life then you could assume the damage was significantly worse than, say, 5 years later after it has lost the lion share of its value in depreciation. Parts and labour cost remain a constant whereas the car value drops commensurately with age.
Generally speaking anyone selling a Cat D car has only ever needed to replace a bumper, or it was stolen/recovered by the most caring TWOC'er in the world. Apocryphally I've heard stories of cars written off for minor damage, but I'm inclined to believe that "total loss" is as significant as it sounds unless proven otherwise with bills & photos of the original damage.
agtlaw said:
ABI:
Category D, REPAIRABLE total loss vehicles where repair costs including VAT do not exceed the vehicle’s PAV.
Category C, REPAIRABLE total loss vehicles where repair costs including VAT exceed the vehicle’s pre-accident value (PAV).
Category B, BREAK for spare parts if economically viable (excluding any residual scrap value).
Category A, SCRAP only (i.e. with few or no economically salvageable parts and which is of value only for scrap metal) e.g. total burnouts
Thanks for that, found it now.Category D, REPAIRABLE total loss vehicles where repair costs including VAT do not exceed the vehicle’s PAV.
Category C, REPAIRABLE total loss vehicles where repair costs including VAT exceed the vehicle’s pre-accident value (PAV).
Category B, BREAK for spare parts if economically viable (excluding any residual scrap value).
Category A, SCRAP only (i.e. with few or no economically salvageable parts and which is of value only for scrap metal) e.g. total burnouts
I find the use of the words "total loss" a tad contradictory in the context of Cat D. The ABI code of practice goes on to give additional examples of Cat D as:
• Vehicles replaced under “new for old” schemes (say, 60% damage) which would not otherwise have been treated as total losses
• Constructive total losses
I think my old 944 ended up as a Cat C after a rear end shunt due to a small kink under the boot floor, think the chap who bought the salvage off me fixed that with a hammer...
I think it's a semantics issue really. The insurance company would've made a full and final settlement to the insured party for the full value of the car.
What they are left with afterwards in terms of recoverable costs is almost a completely seperate matter and quite probably handled by a completely seperate department. As such, as far as the insurers contract with the policyholder, the car represents a total loss payout.
That's my take on it anyway.
What they are left with afterwards in terms of recoverable costs is almost a completely seperate matter and quite probably handled by a completely seperate department. As such, as far as the insurers contract with the policyholder, the car represents a total loss payout.
That's my take on it anyway.
Not again.
This subject is getting more boring than the depreciation topic.
CAT WHAT EVER means its been A WRITE OFF!!
A car of that value will have been SERIOUSLY belted!! 50k for a CAT D? Never in a million years.
An old spludger Cat D, okay maybe as it may only have been a small damage to write it of as an 'uneconomical repair'. But a bloody GT3??
Anyone thats parted with their money after being told a GT3 has been written of for a 'wing and a bumper' deserve what they get.
Rant over.
This subject is getting more boring than the depreciation topic.
CAT WHAT EVER means its been A WRITE OFF!!
A car of that value will have been SERIOUSLY belted!! 50k for a CAT D? Never in a million years.
An old spludger Cat D, okay maybe as it may only have been a small damage to write it of as an 'uneconomical repair'. But a bloody GT3??
Anyone thats parted with their money after being told a GT3 has been written of for a 'wing and a bumper' deserve what they get.
Rant over.
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