THEFT RECOVERED VEHICLES
:
For example, you park your insured Porsche in the airport parking garage
and depart and then return days later to find it gone. You report it
stolen, but the police don't find it. Your insurance company then
pays you a cash settlement equal to the value of the car. However, a few
months or even years later the car is discovered several states away in
an illicit body shop where stolen cars are disassembled and sold for
parts or shipped overseas. The car may be fully intact or may have
already had some of it's parts removed and sold. However the car
is no longer yours, it belongs to your insurance company since you were
paid a cash settlement and you no longer have any claim to the vehicle.
FLOOD CARS : These are vehicles having been in various depths of
water from street flooding. There are two types of floods,either "fresh"
or "salt" water flood. Most flooding conditions are
"fresh" water caused from excessive rainfall which is
generally non-corrosive. Mostly the flood cars that we list
have been in depths of fresh water for a short duration and the water level
usually doesn't get more than a few inches above the carpet. However,
there are some instances of longer durations and some examples of salt
water flooding.
VANDALISM AND STORM DAMAGED VEHICLES : A vandalized vehicle is one that
has fallen prey to varying destruction at the hands of a
vandal that can include physical damage to the vehicle or may have some parts stolen or destroyed. Storm
damage can occur from events such as hail, tree limbs, airborne debris,
high water, etc.
COLLISION DAMAGE : We list vehicles
that may have
sustained some degree of collision damage that is readily
repairable. Many people ask, "why doesn't the
insurance company just pay to have these vehicles repaired for their
customers". Here's an example why insurance companies sometimes
opt not to repair a vehicle. We recently listed a Ferrari for sale that had
sustained very easily repairable front end damage. However some of the
primary parts needed to make the repair were the front bumper and the fenders
which were going to be on back-order from Europe for approximately 6
months. During those 6 months this Ferrari would be sitting in a
body shop racking up a storage bill of $40 per day in addition to a $45
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 sometimes find it simpler and more cost effective to
quickly dispose of these vehicles rather than repair them. Our
list of inventory changes daily. More than 15,000 readily repairable and highly desirable vehicles immediately
available at DEEPLY discounted prices.
