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?


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


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



    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?



    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