Theft recovery CLK63 Black Series @ $68,995
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Joined: Dec 2008
Posts: 189
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05 cl55 amg Renntech air box w/ K&N's LET 180 pulley & Tune, HE & Pump, 3'' Exhaust res/cat delete
for the people who have the money that are looking to buy these aren't looking for a molested one. They are looking for one that's clean that they could afford and as far as from what I know I don't know if it varies from state to state but once the insurance company buys a cars and it's considered totaled there must of been very extensive damage for them to not just fix it them pay out a claim of 60-80k what ever it might of been. So what seems to be no issues at all makes no sense to me why they would total it out. Also for the buyer of this car if the title was never reissued yet when you do go to register it is when it could possibly come up as a theft recovery/salvage title and might need to go to a special inspection through the dmv to check it out and who really wants to do that on a 70k car espically if you can afford and are seriously looking for one anyway. Once you sell it when you try to if you ever decide to the same questions that your asking now will arise and with depreciation so high it will def. be way worse on a car with a branded title. Just must honest opinion..
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'14 ML BT
Sorry but damage may have nothing to do with an insurance pay out.
If the car is reported missing and not recovered within 2 weeks (may vary between insur co's) then the claim can be processed as a total loss.
Let's say the car is recovered intact 2 days later, it doesn't matter, it's off your books and on to theirs.
Then they auction it with no damage.
If the car is reported missing and not recovered within 2 weeks (may vary between insur co's) then the claim can be processed as a total loss.
Let's say the car is recovered intact 2 days later, it doesn't matter, it's off your books and on to theirs.
Then they auction it with no damage.
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Joined: May 2005
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From: REHOBOTH BEACH DE
88-300CE TWIN TURBO, 99-C43, 05-G55K, 71-280SL, 94-E320 CAB, 08 CLK63 BLACK SERIES
MBWorld Fanatic!
Joined: May 2005
Posts: 2,494
Likes: 17
From: REHOBOTH BEACH DE
88-300CE TWIN TURBO, 99-C43, 05-G55K, 71-280SL, 94-E320 CAB, 08 CLK63 BLACK SERIES
Sorry but damage may have nothing to do with an insurance pay out.
If the car is reported missing and not recovered within 2 weeks (may vary between insur co's) then the claim can be processed as a total loss.
Let's say the car is recovered intact 2 days later, it doesn't matter, it's off your books and on to theirs.
Then they auction it with no damage.
If the car is reported missing and not recovered within 2 weeks (may vary between insur co's) then the claim can be processed as a total loss.
Let's say the car is recovered intact 2 days later, it doesn't matter, it's off your books and on to theirs.
Then they auction it with no damage.
Also not necessarily an auction, as there are dealers that insurance companies use that will purchase theft/salvage vehicles.
If the insureds policy didn't include gap, the amount of the claim paid may have been the amount that they sold the vehicle to the dealer.
The insured if not satisied with the amount offered to settle the claim can always hire an independent appraiser to further negotiate and possibly arbitrate.
This is the typical procedure for a vehicle that is low production and the "Blue Book" is hard to gauge...
Insurance unless it's "agreed value" is always a gamble even with GAP on a low production/specialty vehicle.
I've insured my BS for $85K with a $414 per annum premium through a collector car policy.
Last edited by RBYCC; Mar 15, 2010 at 12:35 PM.
