Category A, B, C and D write offs. Whats are they?
Discussion
too Cat A - The Car should be scrapped and no parts can be taken from it.
Cat B - The Car should be scrapped but certain parts can be taken from it.
Cat C&D - These are normally used for non economical repairs. I.E Not dangerous to drive but the insurance company doesn't want to shell out repairing them.
Thats IIRC!
Cat B - The Car should be scrapped but certain parts can be taken from it.
Cat C&D - These are normally used for non economical repairs. I.E Not dangerous to drive but the insurance company doesn't want to shell out repairing them.
Thats IIRC!
A - Usually fire damaged (burnt-out), flood damaged, or severely damaged with no servicable parts.
B - Damaged beyond economical repair and/or severe structural damage.
C - Damaged, but repairable. Generally applied to older vehicles.
D - Slightly damaged sometimes stolen and found after claim has been paid or high cost of repair combined with difficulty obtaining new parts to enable a swift repair.
HTH
B - Damaged beyond economical repair and/or severe structural damage.
C - Damaged, but repairable. Generally applied to older vehicles.
D - Slightly damaged sometimes stolen and found after claim has been paid or high cost of repair combined with difficulty obtaining new parts to enable a swift repair.
HTH
thats very interesting, thanks all.
So a car that was once a Cat D should be cheap and what was once a Cat C should be even cheaper still.
But how much cheaper for each?
I guess if the repair work is of a high standard then it doesnt really matter that it was once a write off. Untill it comes to selling it on again.
So a car that was once a Cat D should be cheap and what was once a Cat C should be even cheaper still.
But how much cheaper for each?
I guess if the repair work is of a high standard then it doesnt really matter that it was once a write off. Untill it comes to selling it on again.
Neil_H said:
A - Usually fire damaged (burnt-out), flood damaged, or severely damaged with no servicable parts.
B - Damaged beyond economical repair and/or severe structural damage.
C - Damaged, but repairable. Generally applied to older vehicles.
D - Slightly damaged sometimes stolen and found after claim has been paid or high cost of repair combined with difficulty obtaining new parts to enable a swift repair.
HTH
Very close.
Cat A is for burn outs and gutted vehicles. Only value is in the baled weight at a metal recyclers.
Cat B is where the vehicle is no longer safe to put back on the road and must be broken or crushed. These can only be sold to registered dismantlers with an EPA waste licence. They are actually sold as parts and are no longer considered as a vehicle. There is no economic consideration involved, purely a safety one. Vehicles that have been flooded are normally written off as a cat B.
Cat C is where the car is repairable but is not economic to do so. Think older cars and or ones where the chassis needs jigging.
Cat D is where the vehicle is repairable and would be economic to do so (cost of salvage + cost of repairs < Pre accident value) but the insurance company has decided not to repair the vehicle. This could be due to excessive storage or recovery costs, etc.
I used to work at Universal Salvage, who claim the ABI adopted these categories from them as an industry standard.
CAT A also applies when the vehicle has been involved in a serious RTA that has been subject to a death and also 'contamination' issues such as 'human tissue' in the vehicle.......
.....this was the words from a insurance assessor after my brother in law was killed in an accident last year....
.....this was the words from a insurance assessor after my brother in law was killed in an accident last year....
satman said:
CAT A also applies when the vehicle has been involved in a serious RTA that has been subject to a death and also 'contamination' issues such as 'human tissue' in the vehicle.......
.....this was the words from a insurance assessor after my brother in law was killed in an accident last year....
Thats awful, sorry to hear that. I hope the insurance company in question were tactful or carefully timed their response.
I almost brought a CAT C write off.
It was priced accordingly but in the end I decided that becasue neither the history or the owner had any knowledge of what exactly had happened to cause the car to be written off...best to walk away!
The advice I got at the time was if the work had been correctly carried out (with proof!) on a Cat C or D and the car is priced accordingly then it could be a good buy, especially with older cars as it takes less damage to "write off" a older car with a lower value.
It was priced accordingly but in the end I decided that becasue neither the history or the owner had any knowledge of what exactly had happened to cause the car to be written off...best to walk away!
The advice I got at the time was if the work had been correctly carried out (with proof!) on a Cat C or D and the car is priced accordingly then it could be a good buy, especially with older cars as it takes less damage to "write off" a older car with a lower value.
Insurance company (Direct Line) and their assessor were first class, very considerate, and only asked relevent questions, tactfully, when it was nessesary.
I was the one who asked the insurance assessor what was to happen with the car, as I didnt want to think that it could appear on the road again for the family's sake. (car was only a year old, and there are unscrupulous individuals out there 'ringing' write-offs)
I was the one who asked the insurance assessor what was to happen with the car, as I didnt want to think that it could appear on the road again for the family's sake. (car was only a year old, and there are unscrupulous individuals out there 'ringing' write-offs)
I found out the car i was looking at was a Cat C via HPI. SPoke to insurance company who didnt mention it when they gave me a quote.
I would have guessed that the insurance company would have known immediatly that the car was a write off or do they not have access to this information?
I would have guessed that the insurance company would have known immediatly that the car was a write off or do they not have access to this information?
satman said:
CAT A also applies when the vehicle has been involved in a serious RTA that has been subject to a death and also 'contamination' issues such as 'human tissue' in the vehicle.......
.....this was the words from a insurance assessor after my brother in law was killed in an accident last year....
This is an internal assessment. All Cat As get crushed, and there is not a lot left after the baler has done it¡¦s job. But it is not always the case It all depends on the assessor the salvage company and the type of vehicel
mustard said:
Liszt....
Totally of topic, but do you think Universal Salvage shares are a decent investment, quite cheap at the mo and with changing regulations do you think they will benefit?
Would have been a good buy yesterday morning ļ. The winter is the busy period. So buying in the autumn to sell in the late winter is normally best. The CEO is changing in March I think and there are quite a few contracts up for grabs. They have been investing in IT recently to provide the necessary Management reports for the insurance companies which might help them win more contracts. They have had a slow year this year due to the good weather over the summer.
In terms of the future, they are all set up. All major sites are appendix 1 so are all clean recycling facilities. They have won the contract for Toyota ELVs so may win more on the back of this.
Are they a good investment? Dunno. I am an IT bod not a financial advisor !
HTH
Rob P said:
I found out the car i was looking at was a Cat C via HPI. SPoke to insurance company who didnt mention it when they gave me a quote.
I would have guessed that the insurance company would have known immediatly that the car was a write off or do they not have access to this information?
Thats a good point.
Do Insurance companies also need to know it was a Cat C when you take out insurance on it?
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