Wrecked Car Damaged Vehicle Blog

RSS Grab DamageMAX RSS Feeds

Car is Totaled?

Joseph Coupal - Friday, April 19, 2013

Take Full Insurance Settlement, Don't Retain the Vehicle!

Many auto insurers encourage their policyholders to keep their vehicles even after declared a total loss. One major insurers boasts that nearly 25% of their total loss claims result in the salvage being "retained" by the policyholder. It works like this - policyholder gets check for the full value of the claim and then purchases the vehicle at a reduced (salvage) value from their insurer. Seems like a great idea for the insurer and the policyholder, right?

Wrong!

Many insurers are under the impression that there is "goodwill" associated with the owner- retained option since the policyholder did not want to scrap the car. Policyholders sometimes like this option because they are attached emotionally to the car or can't afford to replace it even with a full settlement. What policyholders often don't anticipate is the impact of a salvage title on their car's value - the title brand, but it will reduce the value by up to 50%!

Additionally, many policyholders believe they can repair the vehicle themselves based what seems to be an inflated damage estimate. However, many policyholders end up abandoning the project and liquidating the dismantled vehicle at a loss. Or, they fix the vehicle inadequately and drive the vehicle with sub-standard repairs.

There are success stories with owner-retained vehicles, but more often than not the policyholder ends up dissatisfied. When a policyholder asks DamageMAX to bid on their owner retained vehicle we decline to make an offer. Instead, we encourage the policyholder to take the full settlement and shop for a new vehicle.

However, many policyholders are in a more difficult situation - their vehicle is wrecked but not totaled and they can't or won't repair it. In this case DamageMAX will buy the policyholder's vehicle AS-IS.

Don't be taken, call DamageMAX for a fast, free, no obligation quote. It only takes a few minutes of your time to get MAX value for your Damaged Car. Please call 888-629-2137 or visit http://damagemax.com/contact-us.htm.


Recent Posts


Tags

selling any vehicle car accident with no insurance free price quote buyer of wrecked cars value for your Damaged vehicle immediate cash offer wrecked car experts car for top dollar leaking fluids reduction of resale value 12% in diminished value Problem vehicles cash for your vehicle vehicle's value Dr Harrington sell buy any wrecked vehicle wrecked vehicle retail value repair bills buy your car selling their wrecked cars how to sell a damaged car vehicle for trade-in buy your wrecked vehicle recycle check for your wreck sell your old car trade in wrecked truck accident with no insurance buy a car repair check CarbuyerUSA repaired Trade-in Program high mileage vehicle trade-in value sell your damaged trade-in un-repaired collision diminished value Sell your wreck repair an old or worn out vehicle sell your Honda for Top Dollar sell your Honda damaged by collision trade their damaged car car is not totalled buys wrecked cars repair your car repairing the car insurance company Dr. Harrington Donate Your Wrecked Vehicle tow charges buy damaged cars damaged vehicle for cash CarFax Reports Diminished Vehicle Value replacement vehicle sell your wrecked car online buy your vehicle vehicle wrecked selling their damaged car High mileage vehicles junk wrecked auto storage or tow yard cash offer on any damaged vehicle administrative fees collision repair Honda wreck Collision damaged vehicles car buying business CAR-Diologist insurance check repair the wrecked car selling flood damaged cars cash out of your wrecked vehicle DamageMAX free quote broken vehicles trade buy your wreck sell vehicles Body shops auto insurance coverage post-crash value Sell DamageMAX your wreck legal for less We Total Any Car repairing your wrecked car cars for cash Maximum Value for damaged vehicle Selling your wrecked vehicle sell the wrecked vehicle AAA sell to damageMAX damaged vehicle to sell inoperable cars car's value wreck your car top dollar for your damaged vehicle average tow & storage bill wrecked car buy any car car is wrecked E15 engine damaged vehicle sell your vehicle as-is repairs vehicle values sell your vehicle cash offer CarBUYERUSA.com buy vehicles damaged vehicles sell a car Inoperable vehicles Used vehicle values car for sale damaged vehicle world buyer of damaged vehicles broken vehicle negative carfax reports buy salvage title vehicles sell junk cars car buyers value of your vehicle vehicle value salvage value sell damaged vehicles repair providers sell car parts money for damaged vehicles how much it costs wreck your vehicle sell the car cash out consumer awareness sell a damaged car Sell your wrecked vehicle collision repairs We buy damaged vehicles towing company buys any car wrecked vehicle, problem vehicles selling your damaged vehicle Chicago sell your high mileage vehicle wrecked your vehicle Branded title vehicles Clean-Break TIP fix the vehicle liability only fix your car buys your wreck old junker wrecked your car D.J. pre-cash value buy the damaged vehicle flood vehicles car into cash wrecker services car parts and components owner retained vehicle owner retained old car problem truck sell it online Top Dollar cash for the car repairing the wrecked car DamageMAX.com auto body collision repair damaged cars buy a broken vehicle wrecked vehicles value of the vehicle repair a vehicle repair your vehicle retained by the owner selling a vehicle car buyer sell your wrecked car used vehicle vehicle for cash fast sell online buys any wrecked car Call DamageMAX now! buy wrecked cars value repair the vehicle selling totaled vehicles selling your wrecked car Sell your car FAST cash only settlement check flood damaged cars car parts industry insider sold salvage title vehicle sell damaged cars selling a damaged car sell your damaged vehicle diminished value trends cash for your wrecked vehicle sell junk car selling a damaged vehicle selling flood damaged vehicles buying a used car we buy any car CarFax sell the vehicle DJ Harrington selling a wrecked car repair orders damaged vehicle purchases damaged vehicle replacement junk cars DamageMAX Difference Damaged Car title processing procedures buy your wrecked car damaged vehicle repair your wrecked vehicle sell a wrecked vehicle sell your car problem vehicle car parts for cash call DamageMAX buy your car for cash repairing the vehicle buy damaged vehicles

Archive



    GET A MORE PRECISE OFFER

    Does your car have body damage ?

    Number of airbags blown?

    Do you have a collision estimate?

    What is your insurance deductible?

    Is your car drivable?

    Do you have the car’s title?

    Does the vehicle have a salvage or rebuilt title?

    Does the vehicle motor run?

    YOUR CASH OFFER!

    CASH OFFER FOR YOUR
    DAMAGED VEHICLE

    $
    Fair market value prior to accident $


    Sell my damaged vehicle
    Check for my vehicle AS-IS

    This represents a cash offer for the vehicle as described by the seller.

    $
    Net Repair Check

    Proceeds for repairs that can be used for purchasing a replacement vehicle.

    $
    Deductible Payment

    Amount you save if you sell the car now

    $
    Cash Toward a New Vehicle
    $
    Out of Pocket Expenses
    ($0)