We Buy Broken Vans Explain Why Van Owners Should Reconsider an Insurance Company Write-Off Valuation

February 01, 2019 (PRLEAP.COM) Business News
Following an accident, van owners can expect a "tortuous" process to work through the claim details, which is necessary to recover their losses. Regrettably, though many van owners find the write-off valuation is very low and is inadequate to cover outstanding finance and/or the funds necessary to buy a suitable replacement. We spoke to a business offering an alternative to accepting the insurance company valuation who offer a broken van buying service.

We Buy Broken Vans, as the name suggests, provide a broken van buying service, this operates across the UK mainland.

We interviewed Lee Dennis, Founder and Director of We Buy Broken Vans to discuss their alternative solution to accepting the insurance company write-off valuation.

We asked Lee, "So, how bad is the problem of insurance company valuations being too low for insurance write-off vans?" Lee replied "The problem is at epidemic levels and has been for a long time. We should know as we receive calls every week from disgruntled van owners, who are unhappy with the valuation given to them for their written off vans. The problem is infact so widespread that the Financial Ombudsman has even written some advice and guidance recently about what to do if you own a vehicle and your write-off offer is too low."

Before we continue, we should explain the law regarding insurance write-offs. The DVLA have defined categories of vehicles for write-off. It is illegal to sell the complete van for the following 2 categories:

  • Category A Entire vehicle needs to be crushed
  • Category B The shell needs to be crushed, some parts may be salvaged

  • The following categories can be repaired (it's these types of vans, which We Buy Broken Vans buy):

    These two categories are now obsolete, but still used in the industry:
  • Category C These vehicles can be repaired, but it's expected the repair costs are higher than the vehicle's worth
  • Category D These vehicles can be repaired; the repair costs are less than the vehicle's value but overall the repairs are deemed as not worthwhile

  • Categories C & D, were replaced in September 2018 with:

  • Category N The vehicle can be repaired following non-structural damage
  • Category S The vehicle can be repaired following structural damage

  • We asked Lee, "Can you explain the insurance categories to us?" Lee replied, "Yes, sure. We regularly buy the old insurance write-off categories (C&D), as well as the new categories (N&S). We would advise any owner of a faulty van, which has been written off to obtain a FREE valuation for their van through our online valuation tool.

    Lee went on to discuss how van owners can expect to receive a higher valuation than through insurance companies, "In 95%+ of cases, We Buy Broken Vans pay more than the insurance company offers. Rarely from our experience, do insurance companies offer a "fair and competitive" write-off value initially. Sometimes, van owners receive a better offer if they complain, but not always!

    Owners of broken vans can get a free valuation without even contacting us. Owners just enter the van details, as well as all the faults, which have led to the van being written off. We supply a valuation online, this only takes 2-3 minutes and the valuation is guaranteed for seven days. When van owners also factor in that with us, they will receive their money directly into their account or via PayPal typically within 3 days, they will surely think they are onto a winning deal."

    About We Buy Broken Vans
    We Buy Broken Vans provide a UK-mainland wide broken van buying service from their Wythall, West Midlands base. The Directors were away that owners of faulty vans were struggling to get a fair deal, either when selling to insurance companies or selling privately.

    They decided to set-up their own faulty van buying service, the business has grown rapidly since it was established. Trading mainly through their website, We Buy Broken Vans offer a free online valuation for all vans, which takes just 2-3 minutes to complete. Van owners can enjoy the convenience of their van being collected from anywhere within the mainland UK, which is especially ideal if the van is a non-runner. Why not call them if you have a faulty van and try the service for yourself?

    We Buy Broken Vans contact details
    Company website: https://www.webuybrokenvans.co.uk
    Registered Office: Unit 3, Sandpits Industrial Estate, Houndsfield Lane, Wythall
    West Midlands, B47 5QR
    Telephone: UK +44 (0) 0121 285 9859 or 07582 859 859
    Facebook: https://www.facebook.com/WeBuyBrokenVansUK
    Contact: Lee Dennis, Director
    Organisation: We Buy Broken Vans Ltd

    Image Credit: Feserc

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