4 ms·
But doesn't the vehicle become the property of the insurance company after the payout?
by ssambros 9y ago
But doesn't the vehicle become the property of the insurance company after the payout?
- ams6110 9y agoNo, you generally can buy it back for the scrap value.
- macintux 9y agoBut that means the answer to the question as posed is "yes".
- mcguire 9y agoYes. They in turn sell it, where one of two things happens. * It is parted out for spares for other cars. * Someone actually repairs and resells it. This is one of the things you have to look out for when buying a used car. It may not be difficult to repair it cosmetically, but crumple zones are one use only.