W H A T   A R E   I N S U R A N C E   C L A I M   V E H I C L E S  ?

 

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 property of the insurance company.  They are then auctioned at insurance vehicle facilities nationwide at DEEPLY discounted prices.  AutoSource 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 photos and a pertinent description of each vehicle.

 

 

C O L L I S I O N   D A M A G E :   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 to be 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!  CLICK HERE to see the insurance claim Ferrari we bought and then sold on Ebay for a profit of $13,590 in 4 days.

T H E F T   R E C O V E R E D  V E H I C L E S :  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.     

F L O O D   C A R S :  These are vehicles having been in various depths of water as a result of street flooding during intense storms.  

V A N D A L I S M   A N D  S T O R M   D A M A G E D   V EH I C L E S :  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.

HOME