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Hypothetical Question

Discussion in 'Motors' started by aix0, 9 Apr 2010.

  1. aix0


    Joined: 16 Mar 2005

    Posts: 708

    Location: Staffordshire


    I was thinking the other day...

    I was looking for a car recently and saw a few that were on V car and cat D etc. This got me thinking, if your car was involved in an accident or stolen, both of which are not your fault, what happens to the vehicle when you sell up?

    Because, obviously, a car that's been stolen recovered or involved in an accident will be worth less when you sell it. After both events, do you have any options to be paid from insurance, or do you 'have' to keep it?

    It just got me thinking, if my car was stolen and recovered, would I 'have' to have it back? Because would it not be worth significantly less when I sell it?

    Ant ideas?
  2. SlyReaper


    Joined: 26 Apr 2008

    Posts: 6,583

    Location: Bristol, Old Blighty

    I think it only counts as "stolen recovered" if it was recovered after the insurance company has already paid out, and so it goes to auction. If it's returned to the original owner, you don't need to declare it as stolen recovered.
  3. aix0


    Joined: 16 Mar 2005

    Posts: 708

    Location: Staffordshire

    Ahhhh, that makes sense!
  4. [TW]Fox

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 157,383

    Its only a write off if the insurance company opts not to repair it. If it gets repaired, it isnt recorded on the register.