Do I Have to Notify My Insurance Company to Sell My Junk Car?

When it comes time to sell a car, whether a brand new model or an antique automobile, your first thought might be regarding your insurance coverage. That is, if you even have any at the moment. Continue reading to learn how a junk car is deemed a total loss, and when selling one requires you to contact your insurance carrier in Indiana.

Indianapolis Junk Car Buyers
Indianapolis Junk Car Buyers 317-608-2188

Total Loss Junk Cars

When a car is damaged, and the cost to repair the damage exceeds the vehicle’s overall value, an insurance company will consider it a totaled car, or total loss vehicle. For instance, if your car is worth $3,000 on the current market, but after your accident, the total cost of repairs is estimated to be $4,400, then the car is totaled. A car can only be deemed a total loss by the insurance company. An insurance adjuster will come out to inspect the vehicle and determine whether or not it is totaled.

You generally have two options when your car is deemed totaled by your insurance carrier. You can either file the claim to receive compensation from your insurance provider (the amount of compensation will depend on various factors, including your particular policy terms and the market value of your vehicle), or you can refuse to file it with your insurance and keep the car. If you choose to file a claim with your auto insurance carrier, they will take the vehicle, title, keys, and license plate out of your possession.

Notifying Your Insurance Company

If you plan to keep your total loss vehicle, and it is actively insured, you will need to notify your insurance company. If your junk car does not have any insurance coverage, so long as you are the lawful owner, you can sell it without notifying anyone. If the car is still registered, however, you will need to cancel the registration before selling it to a junk car buyer. If you file a claim with your insurance carrier and receive money to repair or replace your vehicle, but instead sell it, you could face legal penalties.

Where to Sell a Junk Car in Indianapolis, Indiana

Call GC’s Junk Cars at 317-608-2188 to get started on your free quote if you wish to sell a junk car in Indianapolis, Indiana. We offer free towing with our in-house tow truck, so all you have to do is call and accept our offer. We will schedule a time to pick up your vehicle, and then pay you cash on the spot. Request a free estimate, today!

GC’s Junk Cars
GC’s Junk Cars 317-608-2188

What to Do Before Selling Your Junk Car for Cash

Selling a junk car is quite simple. In fact, the better junk car buyer you choose, the easier the process will be. But no matter how easy something is, there is always room for mistakes. One of the most common mistakes made by those who wish to sell a junk car for cash is not preparing the vehicle prior to making the transaction. If you are preparing to sell a junk car, be sure you review some important steps to take before handing it over for payment.

Continue reading to do just that!

Indianapolis Junk Car Buyers 317-608-2188
Indianapolis Indiana Junk Car Buyers 317-608-2188

Junk Car Selling Process

The only real task you have when it comes to selling a junk car is choosing the right buyer. There are several scammers out there that claim to offer the best payouts, or claim to have advanced diagnostics systems, but they do not. Instead, they take your valuable junk car, pay you very little, if anything at all, and you never hear from them again. Sometimes, a junk car scammer will offer to send a check, but the check never arrives. For these reasons and more, be sure you choose a trusted Indianapolis Indiana junk car buyer that has a quality reputation, advanced technologies, and free customer amenities like towing and estimates.

How to Sell a Junk Car

When you choose the right Cash for Cars Company in Indiana, you will likely get the whole transaction completed in as little as 3 or 4 steps. Part of this junk car selling process is preparing your junk car for pickup. Here is what you need to do to sell a junk car in Central Indiana:

FIRST: Call a trusted junk car buyer in Indianapolis, Indiana and request a free, over-the-phone quote. If you prefer, you can request to have an in-person, on-site junk car evaluation. In this case, you would be responsible for bringing the vehicle to the junk car lot for a weigh-in and metal analysis.

NEXT: Accept the offer made by your chosen junk car buyer, and schedule a time for them to collect the vehicle. You should have chosen a Cash for Cars Company that offers this service for free!

THEN: Prepare your junk car for pickup. Remove all personal belongings from the inside and outside of the vehicle, including license plates, garbage, and electronic devices. Then be sure to cancel the registration for the junk car if you haven’t done so. If your junk car has fuel in it, consider draining this fuel for later use.

LAST: Accept the cash paid by the towing operator who comes to collect your junk car at the schedule time and date! You might have to sign over at a title at this point too, but not always.

Who Pays the Most for Junk Cars and Trucks in Indianapolis, Indiana

Call GC’s Junk Cars at 317-608-2188 to sell junk cars for cash in Indianapolis. Our Indiana junk car buyers offer free towing with our in-house tow truck, so all you have to do is call and accept our offer! We will schedule a time to pick up your vehicle and pay you cash. No title? No problem! Give us a call anyway! Call 317-608-2188 to request a free estimate, today.

GC’s Junk Cars
GC’s Junk Cars 317-608-2188

Will Auto Insurance Cover Engine Fires?

Car engines can catch fire for many reasons. From arson to accidents, the list of possible causes might be broad, but will always bring you back to the question of insurance coverage. Is an engine fire accident covered or not? Continue reading to learn what you need to know about car insurance engine fire claims, and your options for recovering a payment for your junk vehicle.

Indianapolis Junk Car Buyers 317-608-2188
Indianapolis Junk Car Buyers 317-608-2188

Comprehensive Insurance Coverage

Unless you have comprehensive insurance coverage for your vehicle, it WILL NOT be covered under policy in the case of an engine fire. You see, collision coverage will cover car wrecks, while comprehensive insurance policies cover all types of damage that can happen to a vehicle aside from a collision, such as vandalism, fallen tree, flooding, theft, and of course, engine fires.

In some states, comprehensive insurance coverage is mandatory for all vehicle owners, but most states keep it optional. However, if you are financing your vehicle, it is likely that your lender will require comprehensive coverage, even in you live in a state that does not legally enforce such insurance. This is especially true if the vehicle is being used as collateral for a loan.

Engines Fires

Engine fires can happen for a variety of reasons. Sometimes, engine fires are intentionally started for the purpose of vandalism, which is referred to as arson. Other times, car engines catch fire as a result of serious collisions, improper fuel storage, and faulty or defective automotive mechanics. Most auto insurance does not coverage mechanical malfunctions, but engine fires are typically an exception under such policies.

If an engine catches fire in your garage, even if the cause was accidental or a result of a system failure in the house, it will not be covered under homeowners’ insurance, but would be covered under comprehensive. Similarly, if your car is vandalized and set on fire, it will not be covered under your homeowners’ nor your automotive insurance (unless you have comprehensive).

Total Loss Vehicles

Virtually all engine fires cause a vehicle to be a total loss, which means the cost to repair it back to its original, pre-accident condition is higher than the current market value. When this happens, and you do not have comprehensive insurance coverage, you might be feeling like you are out of luck. Although you cannot receive an Actual Cash Value insurance settlement to buy a new car, you can sell it to a local junk car buyer. A Cash for Cars Company will pay you on the spot for your vehicle, regardless of its condition. This profit can be handy, as it can be applied toward a new car or car payment.

How Sell a Junk Car in Indiana

Call GC’s Junk Cars at 317-608-2188 to sell a junk car in Indianapolis, Indiana. We make the car selling process as easy as possible by offering FREE towing with our in-house tow truck! So all you have to do is call and accept our offer. We will schedule a time to pick up your vehicle and pay you CASH ON THE SPOT! We accept all vehicles and motorized commodities, regardless of age or condition. Request a free estimate, today!

GC’s Junk Cars
GC’s Junk Cars 317-608-2188

How Does the Junk Car Buying Process Work?

After years of collecting weeds and stray animals, your junk car is ready to be sold to a salvage yard. Although you might think that its value is not worth the trouble of going through the junk car selling process, you’d actually be surprised to learn how much a buyer would pay for it’s metal content. You see, cars contain a large amount of metal, which is 100% recyclable. This reusable metal is highly value to our economy, and therefore, fervently sought out by a variety of buyers, including junk car companies.

Sure, the worth of a junk car will vary on a large spectrum depending on a wide range of factors, but the reality is that you can still get rid of a piece of junk and put some cash in your pocket, all in the same day. All you have to do is get the junk car selling and buying process started on the right foot.

Continue reading to learn how the junk car sales process works, what you need to know, and who to trust for the highest payouts in Central Indiana.

Indianapolis Junk Car Buyers 317-608-2188
Indianapolis Junk Car Buyers 317-608-2188

Junk Car Research

Your first step to selling a junk car is happening right now; research. It is important to educate yourself on the basic economics and practices in the junk car buying industry. This knowledge will set you up with a basis that will allow you to ask the right questions and choose the right buyer. Typically, the first item of information a junk car seller wants to know is how much their car is worth. As mentioned, junk car values will vary depending on a wide scope of factors, including make, model, age, condition, and current market demand.

The only way to know how much your junk asset is worth is to have it evaluated in-person by a qualified junk car professional. Such professionals will retain state of the art technologies, like electronic weight scales and metal analyzers, and apply these technologies to their years of experience, allowing them to develop an accurate estimation of value for a junk vehicle.

Contact a Junk Car Pro

Once you have given yourself a basic crash course in junk car economics, you are ready to start contacting junk car companies to see who will pay the most and offer the best customer conveniences. For instance, it is wise to choose a junk car buyer who can provide pickup and haul away service at no extra charge. They will simply come to you. Some junk car companies deduct towing fees from their total offer for this type of service. See our blog, “How to Choose the Best Junk Car Buyers” to learn effective strategies for finding a dependable Indianapolis junk car buyer near you.

Accept an Offer

Once you have a junk car buyer on the phone, request a free estimate for your junk car. They will simply ask you a few questions about the vehicle regarding the age, make, model, and condition, and from there, give you a rough estimate. If you prefer a more precise estimate, you can bring your vehicle in and have it evaluated in person. However, if the company does not offer free pickup, you will have to pay to have it towed. In the case that the company does offer free pickup, and you choose not to accept their offer, you will have to reimburse them for the towing.

Prepare Your Vehicle

After you accept an offer, you will need to prove your ownership. A car title is the best way to do this, however, some junk car buyers will accept other documents that prove you are the owner, such as the registration. See our blog, “How Do I Replace a Lost or Stolen Car Title?” to learn more about obtaining one for your junk car. Locate the car title and have it ready for the junk car buyer when they arrive. Finish by clearing out all other personal belongings, including trash and your license plate. Once the junkcar4 buyer arrives to collect the vehicle, just give them the title and they will hand you cash or check.

Learn More About Selling a Junk Car in Indiana

When you really just don’t know who to trust when it comes to scrapping a salvaged vehicle in Indiana, simply go with the best. Contact GC’s Junk Cars at 317-608-2188 to request a free, over-the-phone quote, or more information regarding the junk car selling process. Whether your vehicle runs or not, we are ready to make you an excellent offer and take it off your hands for free. We have an in-house tow truck that will come directly to your location to pick up your junk car.