Insurance Class's and definitions for each class.
The categories are as follows:
•
Category A. The vehicles under this category are
extensively damaged vehicles such as those destroyed by fire, with
no salvageable parts and vehicles which can never be re-registered
to return to the road.
•
Category B. Category B vehicles are vehicles which
are extensively damaged but which do have some parts with value, these
vehicles can also never be re-registered and returned to road use,
or vehicles which require a complete new body shell.
•
Category C. Category C vehicles are vehicles where
the repair cost exceeds the value of the vehicle, however the extent
of the damage is such that the vehicle can be repaired by the use
of recycled parts or by using other cost saving measures. With a category
C vehicle the buyer needs to apply to the DVLA for a Vehicle Registration
Document (VRD) what used to be called a ‘Log Book’
•
Category D. Vehicles which fall within D category
are vehicles where the cost of repair is less than the value of the
vehicle, however for a number of reasons it may not be economically
viable to repair the vehicle. This could be for a number of reasons:
•
Category X / W. Vehicles not recorded on VCAR
1. Vehicles replaced under ‘new for old’ schemes (often
at 50% damage) these vehicles are treated as not economical to repair,
when repair costs reach half the value of the vehicle.
2. Vehicles which could have been repaired but due to car hire costs
the insurer has decided to deal with the claim as beyond economical
repair.
3. Vehicles which an insurer has decided to deal with as beyond economical
repair so as to avoid a diminution in value claim following repair.
4. Vehicles where the value of the salvage is such that the insurers
feel it more appropriate to deal with a claim as a ‘constructive
total loss’.
5. Occasionally an insurer will have a client who for a number of
reasons is simply refusing to have the vehicle repaired and the insurer
will attempt to obtain sufficient for the salvage so as to ‘bridge
the gap’ between the value of the vehicle and the repair cost.
With a category D vehicle, the salvage dealer should supply a copy
of the Vehicle Registration Document (Log Book).
NROV: (Not Recorded On VCAR) Vehicles in this category
are clear on the Hire Purchase Investigation (HPI) at the time of
enquiry. Although these may well be third party insurance and may
never be registered, Gloucester Bike Specialist cannot guarantee that vehicles in this category
will never appear on any alert register