Insurance Auto Auction, which was established in 1982, has evolved into a leader in the recovery industry leaders in the automotive industry and a leading provider of claims services to the entire loss.
Auto Salvage Auction, Car Auction, as car insurance companies generally want to purchase insurance for cars to compensate for losses, which is a total disaster or a natural disaster as some of the vehicles stolen and recovered after the settlement was made to the insured. Historically, the auctioneer makes money by charging sellers a transaction fee fixed fee of $ 50 to $ 150 per vehicle to cover services such as towing, evaluation, treatment and preservation of the title. After sale buyers often pay for these services. But this approach was a big mistake: it throws auction so disinterested parties to the transaction, which does not encourage the purchase price of the highest priority customers, the insurance companies. Therefore, the vehicles sold at auction, sometimes 50% less than their market value.
In 1991, inaugurated the auto insurance auction 'CarCrush" and "TitleTrac" anti-fraud programs. While most vehicles have destroyed some intrinsic value, others are so severely damaged that only a small piece retains its value: the identification number of the vehicle. The car theft rings often buy lots of these otherwise useless steal an identical, but the operational vehicle and use any car VIN and title of the stolen vehicle. Insurance Auto Auctions "CarCrush" program advised to take insurance vehicle Wines unnecessary traffic through the demolition of the total losses. "TitleTrac" supervised trading patterns of car buyers are markers of unscrupulous business.
Auto Salvage Auction, Car Auction, as car insurance companies generally want to purchase insurance for cars to compensate for losses, which is a total disaster or a natural disaster as some of the vehicles stolen and recovered after the settlement was made to the insured. Historically, the auctioneer makes money by charging sellers a transaction fee fixed fee of $ 50 to $ 150 per vehicle to cover services such as towing, evaluation, treatment and preservation of the title. After sale buyers often pay for these services. But this approach was a big mistake: it throws auction so disinterested parties to the transaction, which does not encourage the purchase price of the highest priority customers, the insurance companies. Therefore, the vehicles sold at auction, sometimes 50% less than their market value.
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