Insurance Auto Auction (IAAI): Offers online and traditional auctions, 75 ... sold to out of state buyers and 21% were sold to buyers out of country, based on ...
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Inspected by insurance company
Cost of Repairs <
pay for repairs
Settle with the insured
Sell car to salvage vehicle sales company
Cost of Repairs >
car deemed total loss
Salvage vehicle sales company picks up the car
Storage until documents
are passed from car owner
and car is cleared by the DMV
45-60 days later the DMV gives
documentation to salvage vehicle sales
company and the car is ready to be sold