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

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

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)