Stolen Recovered Issue - Help Please?

[Bogracer]

I have my E63 stolen over the weekend with the keys, breaking into the house.

The car was stashed only about a mile away and then found using the tracker system by the Police. Undamaged.

However, according to the Insurance company, this will now be logged as a stolen recovered vehicle with the DVLA and HPI.

Now, will I have to declare this when I sell the car in a few years time and get a lower resale for the car?
Will this appear on a HPI?

Privilege Insurance say that the insurance does not cover that type of loss?

It was stolen and the value has been depreciated if this is the case?

Should the insurance consider this as part of a claim?

Help!

[MitchT]

If the vehicle is undamaged then what are you claiming for? If you have costs but they're insignificant you might be as well to withdraw your claim.

[Blue Oval84]

Unless they've paid out on it as a total loss then my understanding is that it won't be logged? Why did they say it would be?

[carreauchompeur]

MitchT said:

If the vehicle is undamaged then what are you claiming for? If you have costs but they're insignificant you might be as well to withdraw your claim.

Definitely. If it was a high value vehicle and was stashed nearby then it was stolen to order, not the kind of joyriding knobs who automatically trash it.

How was it stolen? May be costs in re-keying etc which could be significant but other than that I'd cancel the claim. Will still be declarable as an 'incident' though.

[Bogracer]

It was a steal with keys and park locally deal to see of there is Tracker on it. Very common apparently. Driven about a mile. Undamaged. I have key insurance from Mercedes.
I don't want to discover it's now a stolen recovered CAT D, there is a stigma and it does effect values if this is now on the HPI.

I am glad to have the car back, but . . . and big thanks to West Midlands Police who were superb.

Apparently you can claim for 'Diminution in Value' of the car as it will hold a stolen/recovered tag against it.

I hope not

[Bogracer]

So just cancel the claim and stump the recovery costs to avoid any issues?

[carreauchompeur]

I'd think so. Not an expert on insurance matters but I wouldn't have thought it would carry a s/rec marker of not paid out for....

[catman]

Bogracer said:

It was a steal with keys and park locally deal to see of there is Tracker on it. Very common apparently. Driven about a mile. Undamaged. I have key insurance from Mercedes.
I don't want to discover it's now a stolen recovered CAT D, there is a stigma and it does effect values if this is now on the HPI.

I am glad to have the car back, but . . . and big thanks to West Midlands Police who were superb.

Apparently you can claim for 'Diminution in Value' of the car as it will hold a stolen/recovered tag against it.

I hope not

I fail to see how it could become a cat D (write-off) if you have the car back un-damaged.

Tim

[KevinCamaroSS]

catman said:

I fail to see how it could become a cat D (write-off) if you have the car back un-damaged.

Tim

Cat D is not a write-off:

Category D is for the most lightly damaged cars, or those which were stolen and recovered after the owner had been paid by the insurance company. The official description of a Category D car is one that has suffered accident damage that would cost less to repair than its value.

So, if the owner has not claimed for the complete loss from the insurance company it cannot be a Cat D. He could still claim for new locks etc without it being a Cat D.

[Blue Oval84]

My understanding is that Cat D is a write off, it may have damage less than the value of the car, but the insurer decided not to repair (therefore it's a write off).

[catman]

My car was declared a cat D, and was written off. My understanding is that the cost of the damage is usually around 60% of the value of the car and some Insurers decide not to repair at this point.

Tim

[KevinCamaroSS]

I have given you the official description. Repair cost is not the only facet that is considered. Stolen then recovered later is a Cat D if the insurance company has already paid out on the claim. They will then sell it on as a Cat D even if no damage at all.

[TooMany2cvs]

KevinCamaroSS said:

Cat D is not a write-off:

Category D is for the most lightly damaged cars, or those which were stolen and recovered after the owner had been paid by the insurance company. The official description of a Category D car is one that has suffered accident damage that would cost less to repair than its value.

So, if the owner has not claimed for the complete loss from the insurance company it cannot be a Cat D. He could still claim for new locks etc without it being a Cat D.

Cat D is a write-off. It's a vehicle that the insurer has chosen to write off, instead of repairing, even though the damage is nominally lower than the pre-incident value.

A write-off is when the insurer doesn't repair it, but pays the full value instead.
If they repair it and return it, it's not written off.

[Adrian E]

I think there may be some confusion here. A marker doesn't always equate to a Cat write off. It simply gets logged with HPI etc so may come up if someone does a check. Will it devalue the car? Probably. Not sure you can undo notification to your insurer

[focusxr5]

Don't know if it's an official thing, or if it was local procedure, but back when I worked for an insurance company they never used to classify a car as a write off if it was recovered within 21 days. if 21 days elapsed then it was classified and the customer was paid out. If it was recovered within this time frame then it was categorised, unless any damage caused exceeded the threshold for a write off.

Clear as mud? Hope that helps.

Things may have changed since I stopped working for them 12 years ago though.

[BlackLabel]

Blue Oval84 said:

Unless they've paid out on it as a total loss then my understanding is that it won't be logged? Why did they say it would be?

Cars can be logged as "stolen and recovered" even if you make no claim (other than getting new keys made up etc) so there will always be a record somewhere.

For example, on this thread from 2010 someone said:

"I did this check on a car once, and when I did the HPI check it said there was a number I could ring for more info - so I rang it and HPI said that it was "stolen and recovered undamaged" (i.e. it was nicked with the keys) - which goes some way to helping you to know whether it was damaged or not."

http://www.pistonheads.com/gassing/topic.asp?t=813...

[s55shh]

Cat X is stolen recovered undamaged but would only apply if insurer had paid out. Issue in this case is the stolen marker on VCAR

[13m]

Bogracer said:

I have my E63 stolen over the weekend with the keys, breaking into the house.

The car was stashed only about a mile away and then found using the tracker system by the Police. Undamaged.

However, according to the Insurance company, this will now be logged as a stolen recovered vehicle with the DVLA and HPI.

Now, will I have to declare this when I sell the car in a few years time and get a lower resale for the car?
Will this appear on a HPI?

Privilege Insurance say that the insurance does not cover that type of loss?

It was stolen and the value has been depreciated if this is the case?

Should the insurance consider this as part of a claim?

Help!

It can get logged, but can be removed.

A similar thing happen to our Range Rover. My presumption was that because we got it back quickly without making a claim it would not get recorded. I was wrong. It seems that just letting the insurers know was enough to get it recorded as stolen / recovered.

When I found out what had happened a brief call to the insurer had the marker removed.

[KevinCamaroSS]

TooMany2cvs said:

KevinCamaroSS said:

Cat D is not a write-off:

Category D is for the most lightly damaged cars, or those which were stolen and recovered after the owner had been paid by the insurance company. The official description of a Category D car is one that has suffered accident damage that would cost less to repair than its value.

So, if the owner has not claimed for the complete loss from the insurance company it cannot be a Cat D. He could still claim for new locks etc without it being a Cat D.

Cat D is a write-off. It's a vehicle that the insurer has chosen to write off, instead of repairing, even though the damage is nominally lower than the pre-incident value.

A write-off is when the insurer doesn't repair it, but pays the full value instead.
If they repair it and return it, it's not written off.

Not so. A stolen recovered vehicle is not necessarily a write off. The insurance company has paid out the value, however, the car may not be damaged in any way and is therefore not a write-off. The insurance company simply now owns the car because they have paid out the value to the original owner. The insurance company then sells the car as is, no repairs needed. It is not necessarily a write-off.

In essence a write-off is where the cost to repair/fulfill the claim after an accident is more than the economic value of the car.

[TooMany2cvs]

KevinCamaroSS said:

TooMany2cvs said:

KevinCamaroSS said:

Cat D is not a write-off:

Category D is for the most lightly damaged cars, or those which were stolen and recovered after the owner had been paid by the insurance company. The official description of a Category D car is one that has suffered accident damage that would cost less to repair than its value.

So, if the owner has not claimed for the complete loss from the insurance company it cannot be a Cat D. He could still claim for new locks etc without it being a Cat D.

Cat D is a write-off. It's a vehicle that the insurer has chosen to write off, instead of repairing, even though the damage is nominally lower than the pre-incident value.

A write-off is when the insurer doesn't repair it, but pays the full value instead.
If they repair it and return it, it's not written off.

Not so. A stolen recovered vehicle is not necessarily a write off. The insurance company has paid out the value, however, the car may not be damaged in any way and is therefore not a write-off. The insurance company simply now owns the car because they have paid out the value to the original owner. The insurance company then sells the car as is, no repairs needed. It is not necessarily a write-off.

In essence a write-off is where the cost to repair/fulfill the claim after an accident is more than the economic value of the car.

You're right. Stolen-recovered is not necessarily a write-off. It may well be repaired and returned.

And if that happens, it's not going to be a Cat D. Because Cat D is a category of write-off... A write-off is often more than the claim, yes, but it may be below if they decide to write the car off instead. Perhaps the hire car bill is too high. Perhaps parts availability means it's easier to just close it now. Perhaps the policy says that anything over x% will be written off. Perhaps there's a risk of unknown damage that might appear later. That's what Cat D write-offs are.