What to Do when your Car is Totaled
After a car is totaled, the best it can do is get recycled. You will find so many cars which are subjected to this process, they make for a significant contribution to the steel used to make new cars. For those whose cars have been through an accident, here are the things you can do about the situation.
You can for one decide to go for the settlement offer. An insurance company will determine a car to be totaled if they look at the cost of repairing it and find it to be around the halfway mark of its present value. The figure can differ, depending on the insurance company in question. In case yours is the victim in such a scenario, the insurance company will offer to pay you the value of the car. If you accept, you will collect the cash, and the company keeps the car.
You can also keep the car and try and fix it. The move works well for older cars, where the present value will not get you much if any from a settlement offer. You can, therefore, keep it and do the repairs. Filing a claim risks you get a salvage title instead. Such a title keeps you from managing to sell it in the future if you wanted.
There is the option of keeping the car, and not bothering with fixing it. It is an option in case the damage to the car is only superficial, and so does not affect its drivability or safety. A case of the car having a large scratch on the side and the insurance company being unwilling to do anything about does not prevent you from driving the car with that scratch present. You can still drive the car with such a mark on it.
You can sell the car for salvage. When you find the offers from the insurance company are not worth it, you have the option to sell it as junk for cash. There is the option of stripping it for parts and selling those, or selling it whole to specific companies. All they need to know that you need to sell your car as junk for parts, and they will present an offer. If you accept their offer; they will then proceed to come to collect the car, leaving you with the cash.
These options cover what you can do with a totaled car in diverse situations. From continuing to drive the car as it is to sell it for parts, you have so many options. You also have several offers from the insurance company to consider, only when they make sense.
You may visit this website, to discover more about your options, when all you have to deal with is repairing the car.