If your car sustains significant damage in an accident, your insurance company may declare it a "write-off" – but what does this mean, and how is this decision made? Our comprehensive guide explores the write-off process in New Zealand, covering:
Types of write-offs (uneconomical to repair, structural damage, stolen/unrecovered)
Key factors that determine a write-off due to damage (repair costs vs market value, severity/type of damage, vehicle age & condition, insurance company policies)
The step-by-step write-off process (reporting the incident, insurance assessor inspection, receiving the write-off notice)
How the write-off value is calculated based on the car's market value, make, model, age, mileage, condition, and more
Pros and cons of selling a written-off car instead of accepting the insurance settlement
What to look for when inspecting a written-off vehicle and legal requirements for selling
Get all the details to understand your options and make an informed decision if your car is declared a write-off. Read our guide now: https://www.tahaautogroup.co.nz/how-much-damage-to-write-off-a-car-nz/
