In October 2017, new insurance write-off categories came into effect that effectively replaced the previous classifications of Cat C and D. Insurance write-off categories are applicable when a vehicle meets with an accident and an insurance claim is made. An assessor from the insurance company then inspects the vehicle and decides whether it’s worth repairing in order to bring it back on the road. There is substantial complexity when it comes to repairing today’s modern vehicles. In this situation, an insurance category is allocated, whether or not the car is repaired. This category also determines how the vehicle would be treated in the future.
When a vehicle sustains damage to the actual structure, namely the chassis or the suspension, it is considered to be a Cat S vehicle. Such a vehicle can be repaired and brought back on the road to drive; however, these vehicles need to be re-registered with the DVLA before it comes back on the nation’s highways.
The assessment of the cost of repairs by the insurance company is often made on the assumption that all repair work will be carried out with authorised automobile repair vendors. Moreover, the calculations are made on the basis of new spare parts that are company approved. This is simply a matter of driver and passenger safety, as the insurance company is required to follow certain guidelines when carrying out repairs in order to bring the vehicle back to its original condition.
Often a repair to value ratio is applied and if the cost of repair appears to exceed a certain percentage of the value of the vehicle, the insurance company would simply write it off. In many cases, the sum of money paid out to the policyholder is much lower than the actual value of the car, so it’s not a great deal for the owner.
Categories S and N, have simply replaced the previous categories of C and D. Repairing and reselling them actually make sense and so, these vehicles are not a complete write-off. So, they should eventually find their way back on the road. The new Cat S replaces the former Cat C and vehicle is labelled as structurally damaged but repairable.
An insurer will often give you a deal that’s a lot less than the value of your van once it’s classified as a vehicle. We buy accident and written off Cat S vans all the time and our team can assess your vehicle and offer you a much better price than what the insurers will pay you. Our process is quick and once we approve the purchase. We will pick up your van from anywhere in the UK and ensure you get paid as quickly as possible, saving you time and money.
Rather than accept the insurance company’s offer and lose out on the price of your van, call us on (0121) 285 9859 and speak to an expert from We Buy Broken Vans. Alternatively, call 07582 859 859 where you can call our mobile number and also leave text messages.
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