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

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

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)