Dealing with a Totaled Vehicle
Once a car has been totaled, the option of recycling it makes the most sense. The number of cars that go through this process is staggering, giving off plenty of steel for use in making new cars. If yours has been through an accident, here are some of the things you can do with it.
You can for one decide to go for the settlement offer. For insurance companies, a car is dismissed as totaled if the cost of repairing it amounts to over half the value it holds presently. The figure is not necessarily universal, with different companies sticking to their preference. In case yours is the victim in such a scenario, the insurance company will offer to pay you the value of the car. Where you say yes, they get to keep the car as you receive the cash.
You may decide to keep the car 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. It is best to keep the car and do the repairs yourself. If you file a claim, it may end up with 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. In cases where the damage was only on the surface, with all other components functioning as normal, you can decide to keep using it that way. 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. The scratch will not affect how the car drives.
The car can also be released on salvage grounds. After receiving offers that are too little to justify the input of the insurance company, you can instead go with the option to sell it as junk for cash. You can strip it for parts and sell them individually, or you can go with the option to sell it as a whole. All they need to know that you need to sell your car as junk for parts, and they will present an offer. Once you agree to it, they will come to tow the car, and leave you with the cash.
Among these options, you will not miss a solution to your totaled car dilemma. You have the option to keep driving it if the damage is minimal, to selling it as junk for cash when the damage is extensive. You also have several offers from the insurance company to consider, only when they make sense.
You can turn to this website, to read more about the steps to follow when it is only about repairing the car.