THEFT RECOVERY 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 flood 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. We
offer more than 12,000 readily repairable and highly desirable vehicles
immediately available at DEEP discounted prices.
