If the repair is possible from a technical point of view, the automobile expert is responsible for evaluating the cost of the vehicle repair work, taking into account the apparent damage.
This figure is compared with its estimated value before loss, known as VRADE (replacement value according to an expert). If the amount of repairs is higher than the estimated value, the vehicle is declared economically irreparable.
The expert report must include a detailed list, item by item, of the repairs to be carried out to restore the damaged car and their respective cost.
VEI, an economic reality
The classification of a technically repairable car as a VEI is a simple economic reality; in fact, it is the consequence of a replacement value according to the expert being lower than the cost of the work to be carried out for its repair.
This decision to declare the vehicle wrecked is independent of the existence of damage which would make it dangerous and prohibit its circulation in its current state.
A car of an older model, of which only the bodywork has been damaged following an accident, an act of vandalism or a hailstorm, can in fact be declared VEI even though it is fit to drive without risk for the vehicle. safety of road users.
Two possible options
As soon as the insurance company becomes aware of the irreparability of the vehicle, it must initiate the VEI procedure and send the insured a proposal for compensation for total loss with transfer.
Upon receipt of this quantified offer, you have 30 days to agree to transfer your car to your insurer or choose to keep your vehicle.
If the insurer becomes the owner, he must make the declaration to the SIV and can only resell the wreck to a professional buyer for destruction. If you want to keep the car, the administration sends an opposition to the transfer of the registration certificate (OTCI) which prevents any transfer.
Request review of assessment
If the evaluation carried out by the expert seems undervalued to you, you can ask him to review it. To determine the replacement value, he certainly carried out a technical evaluation assessment.
This takes as a basis for calculation the last catalog price of the model to which it applies depreciation or adjustment coefficients depending on the date the car was put into circulation, its mileage, its general state of maintenance and on his side.
To support your request, you can produce documents such as the maintenance log, the report from the last technical inspection or the maintenance and repair invoices which can allow the amount of the assessment to be revised upwards.
You keep your vehicle for repair
In this eventuality, compensation by the insurer is capped at the amount of the replacement value as determined by an expert, less the excess if applicable.
A solution which is only of interest in the event of a small difference between the value before loss and the costing of repairs because the latter can be undervalued if non-apparent damage is discovered during dismantling.
To obtain the lifting of the OTCI, the repair must be carried out at your expense by a professional and monitored by an expert that you have mandated; he will produce an expert report which will allow the blocking of the transfer of the registration certificate to be lifted.
2023-11-29 05:06:32
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