How Does the Salvage Process Work?

Before determining the salvage value, it should be decided that the damaged property is economical. Approval is obtained from the insured for the sale of goods whose pert status is considered economical. Then the market values are analyzed. In this process, if you want to buy the scrap of your vehicle, the salvage value is deducted from the compensation to be paid to you. After this process, the insurance company pays you.
 

If the insured person wants to sell the goods deemed economical, all the rights of the vehicle are transferred to the insurance company and the insurance company sells the vehicle. At the end of this process, the insurance company pays the indemnity it has to pay you, together with the income it receives. In other words, salvage value is realized in these two ways, according to the decisions of the insured.