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Octane Boostaholics
A new code of practice has been implemented this month in relation to categorising salvage vehicles, it might be of interest to some people, although this is uk, irish insurers should be using this aswell because the engineers who inspect the cars are governed by a uk based governing body who helped write the new code.
The updated insurance industry code of practice for dealing with motor salvage is being published today, ten years after it was last reviewed.The Association of British Insurers (ABI), which co-ordinates the code, is sharing the results of an extensive review ahead of the new code coming into effect on 1st October 2017. It follows two years of engagement with multiple stakeholders including insurers, vehicle manufacturers, affected government departments and agencies, police and the vehicle leasing and salvage industries.
The new code reflects the increasing complexity of newer vehicles which can make it harder for damaged cars to be safely repaired. It also has a greater focus on the condition of the vehicle rather than repair costs. Changes include:
The updated insurance industry code of practice for dealing with motor salvage is being published today, ten years after it was last reviewed.The Association of British Insurers (ABI), which co-ordinates the code, is sharing the results of an extensive review ahead of the new code coming into effect on 1st October 2017. It follows two years of engagement with multiple stakeholders including insurers, vehicle manufacturers, affected government departments and agencies, police and the vehicle leasing and salvage industries.
The new code reflects the increasing complexity of newer vehicles which can make it harder for damaged cars to be safely repaired. It also has a greater focus on the condition of the vehicle rather than repair costs. Changes include:
- Replacing previous salvage categories A, B, C and D with
- A: Scrap
- B: Break
- S: Structurally damaged repairable
- N: Non-structurally damaged repairable
- The scope of the code has been increased to include some guidance on motorcycles and quadricycles
- Minimum qualification requirements have been introduced for all individuals who categorise vehicle salvage.
