WebOct 27, 2024 · You cannot, in most situations, keep the wreck to sell or use for parts. By accepting a settlement payment you are agreeing that the insurer will take possession of the totaled car, which they will then sell to a scrap yard or repair and put back on the market as a salvage titled vehicle. WebJun 8, 2016 · Let’s assume that you were involved in a car wreck and are injured. Your medical bills total $5,000.00. You are contacted by the other driver’s insurance carrier, …
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