Van damaged insurance buy back

[chriz1]

Hope this is the correct section.

Someone pulled out and I ran into them in my 2006 combo van I've spent a few quid getting her mechanically sound and she's good bodywork wise etc.
Damage to my van is few little dents in bonnet and numberplate crack and bumper scuffed that's it.

Insurance have said its not worth repairing, so need an engineer report first but its likely non Economical to repair
I've asked if I can buy it back but I'm not sure how it all works...

I would literally do nothing other than a new numberplate and it's fine
Say it was £1000 value £200 excess £100 engineer report so they pay out 700

Then they offer me the van for a figure they think is fair and its upto me to buy back?

Am I understanding it correctly?

[kestral]

It depends on who was liable, you don't say.

If it's you it depends on your insurance agreement. Some policies do not allow the salvage to be kept by the insured.

If it's the other party you can ask to keep the salvage with a deduction.

There is no excess if the other party is liable.

[TwigtheWonderkid]

kestral said:

There is no excess if the other party is liable.

Yes there is if your claim is off your own policy. However, the excess you pay can be claimed back from the other party's insurers.

[TwigtheWonderkid]

chriz1 said:

Say it was £1000 value £200 excess £100 engineer report so they pay out 700

No, they pay £800, the value less the excess. Other expenses aren't a factor.

[chriz1]

I'm liable, doesn't it differ how much they usually offer the vehicle back to you as a percentage of the value?

[unident]

If it doesn’t need any massive repair work just don’t claim for your van. That’s what I did a few years back.

[chriz1]

I was wondering if I could do that..
I'm not worried about the value it's probably. As low as it will get now being an old van, and will keep it until I run it into ground.

So am I still worth claiming and getting something paid out and buying it back for a couple hundred? My insurance will no doubt be affected regardless so is it worth being paid out something rather than nothing if that makes sense as long as I can keep the van of course

[unident]

Claiming just seems like a load of hassle to me. The van is what it is. Can’t see it making you a load of money and you don’t even know how much they’d offer you or if they’d let you get it back. Just one of those to put down to experience. My insurance didn’t go up much the next year but I didn’t do much damage to the other van I hit. They claimed off my insurance but I couldn’t do anything about that.

[Deep Thought]

unident said:

Claiming just seems like a load of hassle to me. The van is what it is. Can’t see it making you a load of money and you don’t even know how much they’d offer you or if they’d let you get it back. Just one of those to put down to experience. My insurance didn’t go up much the next year but I didn’t do much damage to the other van I hit. They claimed off my insurance but I couldn’t do anything about that.

Would it not be a case of, well he has a claim against him anyway, so may as well put the van through too?

[unident]

Deep Thought said:

Would it not be a case of, well he has a claim against him anyway, so may as well put the van through too?

No idea I just went for the easy option. Just thought it was worth sharing.

[Deep Thought]

unident said:

Deep Thought said:

Would it not be a case of, well he has a claim against him anyway, so may as well put the van through too?

No idea I just went for the easy option. Just thought it was worth sharing.

No, absolutely. If it worked for you then great. I can see your point.

I've always just wondered if it differentiates between a third party claim and (a third party claim and your own vehicle).

My son went through a fence and in to a womans garden in his first year of driving. His car just needed a bumper and a headlight and we got a same colour bumper and a headlight from a scrap car and had his back on the road the following day. The woman claimed £,£££s for the fence and a tree(!) but we didnt bother putting his car through. I think the parts were like £100 or something.

[chriz1]

Well all settled, they paid out and I kept my van I was suprised how easy they accepted my haggle about the value of my van.
I bought all parts I need to fix for £50 today so they be fitted tomorrow and be back to normal! Still can't believe they wrote it off anyway.....

Being a cat N - where do I stand insuraning the car and if I ever had another bump could I claim as normal?
Do I need to send pictures to my insurance if the fixed van?
Do I need to notify dvla at all?

[robwilk]

we have just gone through this.
buy back was 20% of value of claim.
after repair we just had to get an MOT to prove it was roadworthy and continued to drive it on the insurance as it was not his fault so insurance was still valid.

[chriz1]

robwilk said:

we have just gone through this.
buy back was 20% of value of claim.
after repair we just had to get an MOT to prove it was roadworthy and continued to drive it on the insurance as it was not his fault so insurance was still valid.

Was that a cat N

[Steve57]

previously did this with a dropside transit that was Cat C, just needed an MOT and off we went again. non fault accident with no real structural damage apart front the rear light bar.

[TriumphStag3.0V8]

Cat N does not require a new MOT.