Sounds like a selling add for V Check.
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HPI guarantee their report https://www.hpi.co.uk/guides/guarantee.html
The thing I don't get is:- if a car has been in an accident and repaired by the insurance company has it's value reduced, if it has the owner has been left in a worse position and the insurance company should be reimbursing the difference.
If it hasn't then scaremongers like that guy are talking complete rubbish.
hi different scenario's, insurance accident repair and insurance total loss , insurance accident repair is undertaken by the insurance company via a approved or not garage to return the vehicle to pre accident condition , so loss of valueOriginally Posted by adrianw
insurance total loss is were it it more economical for the insurer to pay out the market value of the damaged car. this can be beyond economical repair- repair costs exceed the p.a.v or constructive repair costs together with salvage value exceed the the p.a.v ( that's why you have different category's of total loss)
be aware not all accident damaged vehicles be total loss or not undertaken by insurance companies or are recorded as such , large companies self insure up to a large amount and deal with their own damaged vehicles and do not record their status.
i found it a sales pitch too but had some valid points re hpi and cars currently for sale !
caveat emptor!
The point is that people are being conned into buying damaged repaired vehicles at around market value by 'reputable' main dealers. If the true history were fully exposed most buyers would not even contemplate the purchase. If one of these cars featured was subsequently involved in a smash and written off, the insurer (if they had access to the alternative database) could - and likely would - reduce the payout by 25-30%. That is the best scenario, in worst case incorrectly repaired structural damage could weaken the integrity of the vehicle safety giving reduced accident protection.
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