This voluntary code was designed and completed by the Insurance Industry to protect themselves against fraudulent activity that involved written off vehicles, and for many years was a very effective document.
Questions are now being asked about the Code and how relevant it is today. I contend that it is still very relevant and there are 2 actions that need to be taken to restore credibility.
Changes need to be made to categorisation, with category C vehicles to cater for repairable vehicles with structural damage and category D being available only to repairable vehicles without structural damage.
The Code must be enforced, with significant fines being applied for Insurers and Salvage Agents that fail to adhere to the code.
Complete avoidance of the code
Legislation that could seriously impact the industry
Legislation is unpredictable, it could be great for the industry if it is well thought out and sensible, or it could be a knee-jerk action that results in significant changes and difficulties for the UK Motor Salvage industry.
Industry professionals must get together and resolve this, and quickly - Insurers, Salvage Specialists and Government Agencies all need to be involved with a deadline for resolution; at the same time Insurers must be seen to put their own house in order, open their processes and records for independent auditing, salvage agents must do the same, and Government Agencies must release records showing volumes of vehicles exported, scrapped, back in use, and missing, as well as start showing serious progress on illegal vehicle recyclers - either getting them licensed or out of business.
Is this not too much to ask?