What does ‘Write-Off’ mean?

Classic Car Weekly (UK) - - This Week -

When re­pair costs ex­ceed a car’s market (or agreed) valu­a­tion, it is deemed to be un­eco­nom­i­cal to re­pair and writ­ten off. Pro­fes­sional bodyshop rates to re­pair even mi­nor panel dam­age may eclipse low value clas­sics’ worth quite eas­ily but those cars, cat­e­gorised within In­sur­ance Cat­e­gories C and D, may be re­paired and re­turned to the road. An im­pact that has dam­aged the bodyshell sig­nif­i­cantly may dic­tate a Cat­e­gory B moniker, mean­ing that the body and its iden­ti­fi­ca­tion must be de­stroyed but the car can still be pur­chased in its en­tirety for spare parts. Cat­e­gory A re­lates to dam­age so se­vere that ev­ery­thing must be de­stroyed. Cat­e­gory A and B cars must never reap­pear on the road. If a ve­hi­cle is reg­is­tered as a write-off, it will re­main as a per­ma­nent record with the DVLA and you must de­clare it in the fu­ture, when in­sur­ing and sell­ing the car. Should you not want this to hap­pen, es­pe­cially to a Cat­e­gory C or D clas­sic that you in­tend to re­pair and re­turn to the road, you may be able to ne­go­ti­ate with the in­sur­ance bro­ker for a set­tle­ment that pre­vents the car be­ing for­mally writ­ten-off.

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