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Please help 8-(

Last post Wed, Mar 07 2007, 8:25 AM by Peter Gerrard. 1 replies.
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  •  Wed, Mar 07 2007, 8:25 AM

    Re: Please help 8-(

    You could be worrying unnecessarily. When vehicles are devalued by virtue of being stolen/recovered it is because the insurer has made a settlement with the insured before the vehicle was recovered. The insurer then registers the vehicle as a total loss and ownership transfers to the insurer who then disposes of the vehicle as stolen/recovered

    It would appear that in this instance the vehicle was recovered before a total loss settlement was agreed. The fact that the vehicle had sustained minor damage is neither here nor there as it is a straight forward Non total loss claim and therefore not recorded on the total loss register. If you are still concerned we suggest you buy a car history check search which you may find for around £10 as you do not not need full finance etc data.

    Hope this helps

    • Post Points: 5
  •  Tue, Mar 06 2007, 1:21 AM

    Please help 8-(

    Hi,

    5 months ago, I purchased a brand new £32,000 car.

    It was recently stolen, and then recovered with minor damage and repair work carried out.

    However, I am very concerned about this car now appearing on a 'HPI' or similar type report in future. Obviously, if it appears on one of these type reports I stand to lose a fair percentage of the value of the car when I come to sell it (over and above normal deppreciation)

    Is there anything I can do? Is there any way I can claim back future losses due to this sitation? Or remove the HPI listing?

    Assuming I sold it now, I'd stand to take a large loss based purely on the fact that it has been 'stolen/recovered' - this is obviously not my fault and the car is fine.

    Any advice would be gratefully accepted - I was hoping that there would be some kind of of help for this situation.

    kind regards

    Paul
    • Post Points: 20