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Signing a car over to your insurance company

  • 11-04-2013 2:11pm
    #1
    tcawley29
    Registered Users, Registered Users 2 Posts: 1,829 ✭✭✭


    Just wondering what happens if you sign your damaged car or recovered car over to your insurance company.
    Does it get repaired and sold or whats the story with it?


Comments

  • #2
    Del2005
    Registered Users, Registered Users 2 Posts: 19,102 ✭✭✭✭Del2005


    tcawley29 wrote: »
    Just wondering what happens if you sign your damaged car or recovered car over to your insurance company.
    Does it get repaired and sold or whats the story with it?

    Why? It's not yours to decide what happens. If you want you can take the payment, less salvage value, and do as you please with it. Otherwise it's up to the insurance company to dispose of it as they see fit.


  • #3
    tcawley29
    Registered Users, Registered Users 2 Posts: 1,829 ✭✭✭tcawley29


    Del2005 wrote: »
    Why? It's not yours to decide what happens. If you want you can take the payment, less salvage value, and do as you please with it. Otherwise it's up to the insurance company to dispose of it as they see fit.

    I'm not in this situation and hope I never will be. I was just curious. Thats all


  • #4
    scrap_man
    Registered Users, Registered Users 2 Posts: 123 ✭✭scrap_man


    They sell it, either to a breakers if its un repairable or to a salvage agent if it can be repaired


  • #5
    tcawley29
    Registered Users, Registered Users 2 Posts: 1,829 ✭✭✭tcawley29


    scrap_man wrote: »
    They sell it, either to a breakers if its un repairable or to a salvage agent if it can be repaired

    Just what I was looking for. Thanks


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