Can you insurer reject your request to buy back?

Posted: Mon Jan 26, 2009 09:50 am Post Subject:

Dasfuk, I think that the OP wants to know whether the insurance companies sell salvaged vehicles themselves to individuals.

Moback, you might only have the option to retain your own car if you wish after it has been declared totaled. Some insurer might allow this, especially if your car is enough old.

Posted: Mon Jan 26, 2009 10:00 am Post Subject:

Well, the decision may well depend upon your state laws. You would like to browse through the DMV site for more information. Some states like-Illinois doesn't allow the owner to retain a totaled car.

Posted: Mon Jan 26, 2009 02:01 pm Post Subject:

All states that I have worked in, the owner of the vehicle has first chance to retain or buy totaled cars , for either the contracted price or bid from whomever gets rid of their salvage, some carriers use a percentage...if they (owner) doesn't wish to retain/buy back the salvage then it goes to however the carrier handles their salvage many use IAA (ins. auto auction) some sell all of theirs to a particular yard, etc..as to some states not even allowing an owenr to buy back, i'm not aware of any...doesn't mean they don't though, i haven't worked in all 50 .... :wink:

The Ill. thing is a little mis-leading because there are a couple of reasons/ways you CAN retain salvage:

Retaining Your Totaled Vehicle
In an effort to minimize automobile "chop shop" crime, the Illinois Vehicle Code does not permit you the right to retain the salvage once the insurance company has deemed your automobile a total loss. There are only two instances that you may be able to retain your vehicle: 1) if the vehicle has incurred only hail damage that does not affect the operational safety of the vehicle, or 2) if the vehicle is nine (9) model years of age or older

Posted: Sat Apr 04, 2009 01:46 am Post Subject: salvage title

about to settle w/ins co.on totaled car. i've accepted cmv offered, less deductible, less salvage value. who gets salvage title? i'm thinking me, since salvage value is being deducted from total claim? comments, please.

Posted: Sun Apr 05, 2009 04:56 am Post Subject:

You get the salvage title if you are keeping the car. They will want a copy of the front and back for thier file so that they can verify that you had the title turned into a salvage title.

Posted: Mon Aug 08, 2011 05:43 am Post Subject: can i still drive

about to go get declaired unrepairable auto from repair shop and drive back home because i dont have time to look for another form of transportation to go to and from work at this time and accept ins offer that i keep and repair myself .Title is in my name and have untill next June before state inspection expires, will i have any problems driveing the vehicle while saving up more money to repair on my own ?

Posted: Fri Jan 13, 2012 02:39 am Post Subject: Smashed Rear-end

I live in Florida.My 2003 mint condition chevy cavalier z24was rear-ended.Both ins. companies say the car is totaled.I have not accepted that fact.If I let them total my car my only option is to buy used or go into hock for new. What would you suggest? I seem to be left holding the proverbial bag....not even at fault

Posted: Fri Jan 13, 2012 05:12 pm Post Subject:

The real condition of the car will be the deciding factor in this case. If you think the car is not worthy of being declared a total loss, you can take it to independent body shops and get an estimate of the repair costs. If you think it’s worth it, you can file a claim with your insurance company and they will pay for the repair works. The other thing that you need to do is to file a claim with the at-fault party’s insurance company. The total claim amount might be enough to cover the cost of fixing the vehicle.

Posted: Thu May 10, 2012 04:10 am Post Subject: totalled car

I was hit , mot my fault , inssurance from other guy offering me not enough money but they want to keep my car so they can sell it on car action and make more money ! This is not logic ..You working hard to buy car and somebody hits you and his inssurance want to make money on you ! I paid that car it belongs to me especcialy when they dont giving me pice what that car worth ...shame on those big companies who just wanna make money on hard working people .. :twisted: :evil: That should change ! :!:

Posted: Wed Oct 10, 2012 02:58 am Post Subject: Price check for owner retained salvage vehicles

Insurance company tells me the Oner Rtained Slvage (ORS) for my car which is declared salvaged. They are telling this price to be 33% of offered cash value, which I am not confident that right.
ORS value usually is around 10%, so is ther ea website or reference to verify that price or a correct price. I still think 33% is too high, and everybody know the salvage lot company will not pay this much if I deny and keep the offered cash value.
My effort is to retain enoug cash to be able to fix the car upto level to feel satisfied.