WHAT ARE INSURANCE CLAIM VEHICLES ?
They are fully insured
luxury/sport/exotic cars, suvs, trucks, motorcycles, boats, rvs, atvs,
industrial equipment and heavy duty vehicles, some having been stolen
and then recovered by the insurance company, or having sustained readily
repairable damage from collision, vandalism, storms or street flooding.
The individuals that owned these vehicles receive cash settlements as
compensation for the damages or loss incurred and the vehicle becomes
the property of the insurance company and is sold at a deeply discounted
price. Register now and receive immediate access to 1000's of vehicles to bid on
with inventories changing daily and a searchable database of nationwide
inventories of insurance vehicles to include 10 photos and a pertinent description of
COLLISION DAMAGE VEHICLES: Many people ask, "why doesn't the insurance company just pay to have these
vehicles repaired for their customers". Here's an example why they
sometimes opt not to repair a vehicle, we recently purchased an insurance
claim Ferrari for ourselves from the exact same sources that we provide to our
members. It had
sustained easily repairable front end damage. However the front bumper and
fenders needed to make the repair were going to be on back-order from Italy for
approximately 10 months. During those 10 months this Ferrari would be sitting in a
body shop racking up a storage bill of $30 per day in addition to a $42 per day
rental car bill. The insurance company simply decided to pay the Ferrari owner
the replacement cost of the car and forego the long and costly wait for parts.
Plus once an insurance company commits to repairing a vehicle they are at the
mercy of whatever surprises may pop up during the repair process in both cost and
time. They frequently find it simpler and much more cost effective to pay the
owner a settlement and then auction the car "as-is" rather than to repair it. We
know this for a fact because we were the high bidder on this particular
Ferrari from an insurance facility in Atlanta. We resold it on Ebay in
it's damaged condition without making any repairs and made a net profit of
$13,590. That's a fact!
HERE to see the insurance claim Ferrari we bought and
on Ebay for a profit of $13,590 in 4 days.
THEFT RECOVERED VEHICLES:
For example, you park
your fully insured vehicle in the airport parking garage as you depart and then
return days later to find it gone. The police can't find it and your insurance
company then pays you a settlement equal to the car's value. However, a few
months later the car is found, it may be fully intact or may have some damage or
missing parts. The car is no longer yours, it now belongs to your insurance
company because you were paid a settlement, it's then auctioned at one the
nationwide insurance vehicle facilities.
FLOOD CARS: These are
vehicles having been in various depths of water as a result of street flooding
during intense storms.
VANDALISM AND STORM DAMAGED VEHICLES: A vandalized vehicle has sustained
various degrees of destruction at the hands of a vandal. It can include having
parts stolen or damaged. Storm damage can occur in the form of hail, fallen
tree limbs, airborne debris, and water damage from broken glass.