at what percentage of the value is acar declared a write off
Discussion
looking at some thoughts ,
got an email this morning that my mother had been involved in an accident , according to witnesses at the scene , she was observed driving slowly into a car park , when the car suddenly accelerated forward and turned sharply into a walled central island , with the car coming to rest against a tree , both airbags deployed and luckily , she only suffered bruising from where the seatbelt tensioners activated. front of the car and right drivers wheel suspension took the full force with windsceen smashed.
aparently the cause was mum depressing the accelerator instead of the brake , the cars an automatic !thankfully no one was injured
according to the RAC chap who arrived, he said in his opinion the car is a write off , however the insurance allocated garage pick up chap thought The car could be repaired its now being assesed
its an 2004 54 plate Toyota Yaris T spirit
looking at second hand values cars worth around 3,600 would this be the cut off for repair or would it be significantly less
got an email this morning that my mother had been involved in an accident , according to witnesses at the scene , she was observed driving slowly into a car park , when the car suddenly accelerated forward and turned sharply into a walled central island , with the car coming to rest against a tree , both airbags deployed and luckily , she only suffered bruising from where the seatbelt tensioners activated. front of the car and right drivers wheel suspension took the full force with windsceen smashed.
aparently the cause was mum depressing the accelerator instead of the brake , the cars an automatic !thankfully no one was injured
according to the RAC chap who arrived, he said in his opinion the car is a write off , however the insurance allocated garage pick up chap thought The car could be repaired its now being assesed
its an 2004 54 plate Toyota Yaris T spirit
looking at second hand values cars worth around 3,600 would this be the cut off for repair or would it be significantly less
Paul Drawmer said:
Different insurance companies have differing rules. Check with the paperwork or ring the insurance company. Oh and start doing your homework to establish what your mother would have to pay to buy a similar car retail.
i bought her the car , so will replace if its written off , looking at glasses guide it comes up at 3600, have found a replacement for around 4000, for same spec , interestingly looking at reviews of newer yaris models after 2006 the semi auto box appears problematic Its not 60% or any other fixed figure for most insurers. Certainly none I've ever worked for in the last 13 years, although independent engineers who work for accident mangement companies and who are frankly behind the times, pumping out duff reports to suit a hire company sometimes put these nonsensical figures in, to try and fool someone into accepting perhaps a long protracted repair, rather than a quick total loss, simply to incur longer hire periods.
Its simply whether the estimated repair cost is greater than the pre accident value of the vehicle, less salvage, assessed generally on predefined contracts insurrs have with salvage agents.
If the car is worth £3000, with a salvage value of say 25%, then the salvage is worth £750. So to be economical to repair, the quote for repairs needs to be less than £2250. More than that, and the vehicle is simply unconomical to repair, less and it is cheaper to repair. If the car is clean, but older, the insurer might only get 10% from its salvage dealer, and so the repairs could be greater, before it is uneconmic.
However,if the inspecting engineer thinks the vehicle should not be rebuilt, due to serious bodilly distortion, then it will be deemed cat B and the bodyshell crushed. I imagine hitting a tree hard enough in a little car to set airbags off will automatically cat b the vehicle.
Sometimes, repairable vehicles may be economically repairable, but the salvage is worth a tidy sum, and so it's cheaper for the insurers to pay the total loss and recover a good salvage price.
Its simply whether the estimated repair cost is greater than the pre accident value of the vehicle, less salvage, assessed generally on predefined contracts insurrs have with salvage agents.
If the car is worth £3000, with a salvage value of say 25%, then the salvage is worth £750. So to be economical to repair, the quote for repairs needs to be less than £2250. More than that, and the vehicle is simply unconomical to repair, less and it is cheaper to repair. If the car is clean, but older, the insurer might only get 10% from its salvage dealer, and so the repairs could be greater, before it is uneconmic.
However,if the inspecting engineer thinks the vehicle should not be rebuilt, due to serious bodilly distortion, then it will be deemed cat B and the bodyshell crushed. I imagine hitting a tree hard enough in a little car to set airbags off will automatically cat b the vehicle.
Sometimes, repairable vehicles may be economically repairable, but the salvage is worth a tidy sum, and so it's cheaper for the insurers to pay the total loss and recover a good salvage price.
DBSV8 said:
i bought her the car , so will replace if its written off , looking at glasses guide it comes up at 3600, have found a replacement for around 4000, for same spec , interestingly looking at reviews of newer yaris models after 2006 the semi auto box appears problematic
How old is mother? If she is hitting the accelerator instead of the brake, maybe she shouldn't be driving. It sounds like she is a danger to others, as well as herself.TomJS said:
How old is mother? If she is hitting the accelerator instead of the brake, maybe she shouldn't be driving. It sounds like she is a danger to others, as well as herself.
we have arranged for her to take some advanced lessons, its her first accident and shes not at the "sterling Moss" stage yet and when she does reach this stage she will not be driving , Gassing Station | General Gassing | Top of Page | What's New | My Stuff