apaxvi
29-12-2010, 06:47 PM
Hey Guys, Wondering if you could help me out with a query I have as I have very little knowledge on the topic and find it a little confusing...
I'm helping a mate sell his vehicle that's a wreck. I'm gonna list it on Ebay for him and dont wanna misinform/mislead buyers regarding it's write off status.
Just a quick rundown regarding the insurance claim... His insurance company paid him out in full for the vehicle's value instead of repairing it. Reason being that when the damage was inspected, the assessor noticed that the vehicle had major repairs from a prior accident (prior to my mate owning the vehicle).
Now, here's where it gets funny (well, I've never heard this happen before), The insurance company have let my mate keep his vehicle and informed him that if he wants to repair the vehicle himself, he may do so as they have not written the vehicle off. So now, the vehicle is at my mate's house and the insurance claim has been settled.
What I wanna know is, what does the Write off status (highlighted below) mean? Does it mean that someone could repair the damage and then reregister the vehicle with just a required Roadworthy Certificate only?
Or do they still require a VIV Certifictificate (and whatever processes involved) to reregister the vehicle?
Below information sourced from www.vehiclestatuscheck.vicroads.vic.gov.au (http://www.vehiclestatuscheck.vicroads.vic.gov.au) web page.
Vehicle Status Checks : Results 29/12/2010
Vehicle Registration: ****** Registration Status: CANCELLED
VIN/Chassis Number: ********** Written-Off Status: INSPECTED-WRITEOFF
Engine Number: ********** Encumbrance Status: NO-ENCUMBRANCE
Vehicle Make: FORD Stolen Status: NOT-STOLEN
Vehicle Colour: SILVER
Body Type: SEDAN
Year of Manufacture: 2004
I'm helping a mate sell his vehicle that's a wreck. I'm gonna list it on Ebay for him and dont wanna misinform/mislead buyers regarding it's write off status.
Just a quick rundown regarding the insurance claim... His insurance company paid him out in full for the vehicle's value instead of repairing it. Reason being that when the damage was inspected, the assessor noticed that the vehicle had major repairs from a prior accident (prior to my mate owning the vehicle).
Now, here's where it gets funny (well, I've never heard this happen before), The insurance company have let my mate keep his vehicle and informed him that if he wants to repair the vehicle himself, he may do so as they have not written the vehicle off. So now, the vehicle is at my mate's house and the insurance claim has been settled.
What I wanna know is, what does the Write off status (highlighted below) mean? Does it mean that someone could repair the damage and then reregister the vehicle with just a required Roadworthy Certificate only?
Or do they still require a VIV Certifictificate (and whatever processes involved) to reregister the vehicle?
Below information sourced from www.vehiclestatuscheck.vicroads.vic.gov.au (http://www.vehiclestatuscheck.vicroads.vic.gov.au) web page.
Vehicle Status Checks : Results 29/12/2010
Vehicle Registration: ****** Registration Status: CANCELLED
VIN/Chassis Number: ********** Written-Off Status: INSPECTED-WRITEOFF
Engine Number: ********** Encumbrance Status: NO-ENCUMBRANCE
Vehicle Make: FORD Stolen Status: NOT-STOLEN
Vehicle Colour: SILVER
Body Type: SEDAN
Year of Manufacture: 2004