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Ok, so FC, you have a small bump and its written off. Insurers pay out £1500. You want the car back, they reduce your payout to £1000 and give you the car. You spend less than £1000 getting it legal again and are quids in.
What you seem to be missing is when you crash fully comp that you get paid out the value of the car before the crash and that is in effect the insurance company buying the car off you. You can then buy back the wreck for the value of the car in the wrecked state, so you end up basically with a...