Strange insurance company behaviour?

puckstownlane

My car was stolen recently :mad: and insurance company paid out. The car was subsequently recovered by Gardai, and it seems in perfect condition. I want to buy it back from the insurance company but they refuse in principle (regardless of how much I offer them). They say it is their policy to sell it through a car auction. They won't even tell me when and where it is coming up for auction.

I assume they don't want to be held liable in case the car crashes or is defective. Seems over-cautious to me. Any other explanation that anybody can offer?

B11gt00e

... maybe they stole it in the first place.:D

puckstownlane

No they paid me a fair price. And I reckon they won't get as much at auction as I have offered them. I am aware that it's now their car to do with what they wish, but they seem to be about to lose out because of their inflexible policy.

boxclever

I work for an insurance company and all the cars are sold for salvage. It makes more sense to them in the long run to sell them this way and the bidders are limited to companys who will do them deals elsewere. Which company is it may I ask?

smash

boxclever is telling the truth, cars are sold to salvage. Your best bet is to call the salvage yards!

puckstownlane

steve06 wrote: »

boxclever is telling the truth, cars are sold to salvage. Your best bet is to call the salvage yards!

Seems unlikely that it would be sold to salvage. It's only 2 and a half years old, quite valuable.

robtri

Any insurance compnay I have ever dealt with wouldn't sell the car back to you, mainly because they don't want you to profit from insurance, it sort of encourages people to do dishonest things....

if they sold you the car back, it would b for less than what they paid you for, so you would make a profit from it.... this cannot happen.

no1beemerfan

It may look perfect but if I stole a car I'd drive the sh&t out of it!

There could be engine trouble down the line so you should take this into consideration.

beer enigma

robtri wrote: »

Any insurance compnay I have ever dealt with wouldn't sell the car back to you, mainly because they don't want you to profit from insurance, it sort of encourages people to do dishonest things....

if they sold you the car back, it would b for less than what they paid you for, so you would make a profit from it.... this cannot happen.

+1 - You hit the nail on the head

DaveD

Any insurance company i know will sell the car back to you. Who's the Insurer involved?