NA-088

Noob question, but here goes....

can a car thats been listed as a repairable writeoff be fully insured? ie comprehensive insurance??

has anyone had any experience with this? did it affect the agreed value and premiums?

thanks.

RedRover

Well, I'm guessing here - but there doesn't seem to be any reason why not. Providing you have all the necessary engineering & roadworthy certificates it should be insurable.

Insurance is all about risk and balancing the premium against potential claims (tempered by conditions). The insurance companies don't care about the quality of the object they're covering or it's suitability for use, they just assess the risk & payout in relation to the premium.

If there's any doubt - then just keep raising the premium until it reaches 99% of the value of the item being covered.

Austblue

RR, in my mind you've contradicted yourself though that need not represent an insurance company's view.

When you assess the risk why wouldn't you take into account the quality of the object and it's suitability for use?

I would imagine that an insurance company would be interested if the car had such a blemished past if for no other reason just to make certain that it is in the state that matches the value they assign. What if the chassis was crooked?

I'd imagine that it could be fully insured just not for the same price as a comparable car that hasn't been written off.

That's my guess anyway

RedRover

Well, I could be wrong - but I was assuming that - from an Insurance Company's point of view - the quality & suitability for use is calculated already in the replacement value and/or payout figure.

Any insurance gurus here? - Is that right?

TAAXED

My friend used to have a 2000 model Celica which was comprehensively insured with Just Car Insurance. Unknown to him it was actually a repaired write-off, he bought it from a dealership thinking everything was ok...Getting the cover won't be an issue, I doubt they really care until you make a claim. I can't compare his premiums as he had a pretty bad driving history. The price he paid for the car was under its market value so JCI just insured him for the purchase price, he sold the car half a year later for $500 more than he bought it for with an extra 7,000kms.

Austblue

I agree they wont hesitate to cover it but I would think that if it had a bingle and the repairer told them the frame was already bent you'd be out on your ear.

Vuey

company policy may vary from one to another . No harm in making a phone call to find out for certain .

I know a heap of guys driving around with "repairable write-offs" and none of them are insured

aus ss2000

I Bought a 92 civic as a repairable writeoff a few years ago,repaired it ,comprehensively insured it and drove it for years.No problem.I then traded it for a 97 prelude for the Mrs.