Budget Direct Comprehensive Insurance - Write off - Can I Buy The Car Back?

Apologies if this should be Automotive rather than Financial.

Budget Direct full comprehensive policy. NSW

If the car is written off due to hail damage can I negotiate a direct buy-back from BD or does it go to the insurance auction free-for-all?

If it is written off, is that the type of write off that prevents it being re-registered?

Background: One of our cars got hammered in last weeks storm. It's mechanically very good. If I can't claim/buy back then I assume I would have to cancel the comprehensive and get Third Party Property insurance due to "existing damage".

No, I haven't asked BD yet. I wanted to have a clearer idea of options before calling.

Thx

Related Stores

Budget Direct
Budget Direct

Comments

  •  

    edit: I stand corrected, see below.

    You'd still be able to registrar a storm damaged car assuming it hasn't suffered any mechanical damage, and the glass isn't broken (or you replace it)

  •  

    Perth hailstorm in 2010 hammered our car.

    Written off due to extensive panel damage, so got paid out.

    Bought car back for the new minimal market value of $1.5k.

    Insurance companies don’t want cars to try and sell or offload.

  • +5 votes

    Pretty sure the laws in NSW changed a couple of years ago, so that you can no longer register a write off - with limited exceptions. Source here

    • +1 vote

      Further down the page:

      Roads and Maritime will only consider applications to repair and re-register written-off light vehicles if they fit one of the exempt vehicle categories:

      Hail damaged, where you were the registered operator for more than 28 days before the vehicle was hail damaged (contact your insurer)

  • +1 vote

    They will give you the "salvage value" of the car, or let you buy it back at that same price.

  • Top