Welcome HP Car Resold

[rosie&jim]

Friend of mine has car on HP with Welcome, on looking at HPI on his vehicle, it showed that the car had been written off, and the insurance was paid out to the previous insurer. Is this legal?

[steveoram1]

Depends. Cat A, B & C write off can no longer have finance recorded against them, however Cat D can still be financed. E.G. if a car is stolen and turns up 6 months later none the worse for wear then there is nothing technically wrong with selling again and putting on HP even though original owner would have had insurance payout long ago. Hope this helps.

[sickovit]

This is a very strange area, i can take you to a very large insurance approved repair facility not to far away , in there they have vehicles which are less than 1 month old and written off yet they are repaired and put back on the road , some find there way to local main agents and ARE sold with HP if you wish.

Apparently insurance companies are allowed to have vehicles repaired even if they are what normally would be classed as beyond econiomical repair, its all about price , if the repairer can repair the car for less than its worth at the time, the insurance companies have it repaired .

I was horrified when my Brother in laws brand new vectra which got hit by a truck and removed the front of the car back to the windscreen was repaired and given back to him. To be fair the repair was virtually undetectable , nevertheless i would not be happy driving it myself and you can never see molecular changes and weaking points in the steel, so it may look ok but not for me thankyou.

So id say the answer to your question is yes, the insurance world seems to have different rules to everyone else and they will say the car is good as new and therefore can and does have HP entitlement.

You,d be surprised how many end up on main dealer forecourts!

[raydetinu]

You mean insurance companies breaking the law, surely not!!!

[Conniff]

A lot of cars are written off when there is no need for them to be.

We know how insurance companies get ripped of, just like the ministry of defence, when they see this on the letterhead they double the price.

A car worth £1,000 is priced at £1,500 to repair so is written off. It is then bought for peanuts by a small garage who gets the required parts from a scrappy for £200 and makes a tidy profit from selling it.

This is one of the reasons that most insurance companies have approved body repair shops that you must take it to.

[sickovit]

No Conniff that was along time ago, what happens now is insurance companies dont want to write cars off if poss, if they can get it repaired for a price which is less than they would have to pay out then they get it repaired , the large coachbuilders and repairers know this so always quote under the cars true value to get the repair, its a growing business and some are making alot of money at it.Small garages dont even get a look in anymore as insurers always have a special place to send the car too for repair.ITS A BIG FIDDLE.

[JonCris]

Originally Posted by raydetinu

You mean insurance companies breaking the law, surely not!!!

That's nowt.

One insurer I know, where they had replaced the items, was selling the crash helmets & leathers recovered from motorcycle crash victims.

Unbelievable the integrity of these safety items, particularly the helmets, had been greatly compromised yet they where selling them to a second hand motorcycle clothing dealer for innocent bikers to buy