So, theres a possibility my bike might be written off :pinch: They will pay me the value of the bike and my broker said they might well sell me the wreck as scrap for a nominal fee.
I know shes not a wreck. If i wanted to get her back to the condition before the crash (new parts etc) then yes its really expensive, but with second hand parts i could at least get her back on the road again. So, here are the questions…
My insurance is for a year (paid in full up front). If i rebuild my bike with my own money after they have said it is a write off, will this insurance still be valid? Its the same bike and i will have documents to prove its road worthy…
What is the deal with selling on a written off bike. She is only being written off coz repairing her with all the new parts is more expensive than the value of the bike. Like i said, there really is nothing seriuosly wrong with her except smashed up front and a bent brake disc. If i repair this shell be as good as new.
The number plate is English. I can get the tax on line but do i need to get English MOT or would an Italian equivalent be ok (it runs out 16th July…)
no 2 if they write it off because of it being an uneconomical repair it will go into poss cat D and as along as you delcare this when selling it, it wont be a problem, it wont be worth as much as a normal one and a lot of people prob wont buy it after this.
Hmmm. I thought that if the insurance company write-off your vehicle and you agree a pay-out the insurance is void. I would definitely get that one checked with your insurance company. If it wasn’t a total write-off then I believe they have to honour the remainder of the policy but if there is no vehicle, there surely is no policy?
If you decide to then buy the written-off vehicle from them and make it road-worthy then as Andy says, you have to declare that which will most likely lower the price. If your insurance company notifies DVLA that it is written off then I believe you have to have a vehicle inspection, so ensure they don’t do this before you buy it back.
I’ve had a look around the Internet for an answer to your number 3 but can find nothing.