THEFT RECOVERED VEHICLES
:
For example, you park your fully insured Porsche in
the airport parking garage as you depart and return days later to
find it gone. It's reported stolen, but the police don't find
it. Your insurance company then pays you a settlement equal to the
value of the car. However, a few months 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
settlement.
FLOOD CARS : These are vehicles having been in various depths of
water from street flooding that can occur during extreme weather
conditions. There are two types of floods, the "fresh"
and "salt" water flood. Most all flooding conditions are
"fresh" water caused from excessive rainfall which is
non-corrosive. Most, but not all of the flood cars that we list
have been in depths of water for short durations that the water level
usually doesn't get more than a few inches above the carpet.
VANDALISM AND STORM DAMAGED VEHICLES : A vandalized vehicle is one that
has fallen prey to various degrees of destruction at the hands of a
vandal that can include having parts stolen or destroyed. Storm
damage can occur from events such as hail, tree limbs, airborne debris,
etc.
COLLISION DAMAGE : We list vehicles having
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 they sometimes
opt not to repair a vehicle, we recently listed a Ferrari that had
sustained easily repairable front end damage. However some of the
primary parts needed to make the repair were the front bumper and fenders
which were going to be on back-order from Europe for approximately 4
months. During those 4 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 sometimes find it simpler and more cost effective to
quickly dispose of these vehicles rather than repair them which is all the
better for our registered members. Inventories change daily with
thousands of readily repairable and highly desirable vehicles immediately
available to our members at DEEPLY discounted prices.