What to Do when your Car is Totaled
You have to think of recycling a car when it becomes totaled. 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 accept 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 is not fixed, with different insurance companies interpreting it as they see fit. If yours was affected as much, the responsible insurance company would offer you the cash value of the car. If you accept, you will collect the cash, and the company keeps the car.
There is the choice of keeping the car to fix later. It is what you do when dealing with an older car, whose value cannot generate a decent settlement offer. You can, therefore, keep it and do the repairs. Filing a claim is asking for it to end up with a salvage title instead. With that title, selling it in the future will be something you cannot do.
You can also keep the car and not do much about the repairs. It is an option in case the damage to the car is only superficial, and so does not affect its drivability or safety. It, for instance, may have a large scratch on the side, which the insurance company is not willing to settle, but does not affect the mechanics of the car nonetheless. You can still drive the car with such a mark on it.
You can go with the salvage option. In times when the insurance company makes below value offers you can decide to sell the car as junk for cash. There are companies that buy the entire car for parts, and others that ask for individual parts. You only need to let them know you have a car that is ripe for parts, and they will make you an offer. Once you agree to it, they will come to tow the car, and leave you with the cash.
These options are the perfect way for you to deal with a totaled car. The range from driving the car as it is to sell it for parts ensures you never lack for options. You also have several offers from the insurance company to consider, only when they make sense.
You can also go to this website, to learn more about what to do when the car only needs repair, to help you manage that situation effectively.