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AC_ML · 01-08-2008, 04:06 PM

I read some complains on various insurance companies that were totalling some owners vehicles and then fixing them ( or, to make it legal, through shadowy profiting aliases/contacts) and selling them as if they never were totalled. They never told the new owners that those vehicles were totalled so they got full value for them. Somehow, checking the vehicle id would not showed the vehicle as totalled either.. Some nasty loophole they were using to avoid registering them as totalled.. Why some insurance companies that always complain about scams and criminal acts don't make sure that totalled vehicles, that their own customers may be buying and exposing their lifes to danger, are not securely tagged as totalled really blows my mind away.

Seems like there may be some profit margin, for the insurance, if they cam easily fix it and sell it at prime price, in which they will recover all their money or more (how much are they giving you for the totalled value..? ), and since you will now be paying higuer premiums to them.

Even more since naive buyers look for the Mercedes logo instead of the real depreciated value of certain MB vehicles. They will buy it at a much higuer price than it's real value when sold at dealers, etc...

http://www.commerce.senate.gov/pdf/brauch111605.pdf

This may not be the same case, but there is a lot of things that need to be fixed in this area..

Maybe owners can tagged their own vehicles as totalled in CARFAX or some other official place so that crooks cannot endanger future vehicle owners and families.

AC

01-08-2008, 04:06 PM	#18 (permalink)
AC_ML BenzWorld Elite Date registered: Aug 2002 Vehicle: Black 2005 ML 500 Location: Houston, TX Posts: 1,243	Look at what happened to my ML/// I read some complains on various insurance companies that were totalling some owners vehicles and then fixing them ( or, to make it legal, through shadowy profiting aliases/contacts) and selling them as if they never were totalled. They never told the new owners that those vehicles were totalled so they got full value for them. Somehow, checking the vehicle id would not showed the vehicle as totalled either.. Some nasty loophole they were using to avoid registering them as totalled.. Why some insurance companies that always complain about scams and criminal acts don't make sure that totalled vehicles, that their own customers may be buying and exposing their lifes to danger, are not securely tagged as totalled really blows my mind away. Seems like there may be some profit margin, for the insurance, if they cam easily fix it and sell it at prime price, in which they will recover all their money or more (how much are they giving you for the totalled value..? ), and since you will now be paying higuer premiums to them. Even more since naive buyers look for the Mercedes logo instead of the real depreciated value of certain MB vehicles. They will buy it at a much higuer price than it's real value when sold at dealers, etc... http://www.commerce.senate.gov/pdf/brauch111605.pdf This may not be the same case, but there is a lot of things that need to be fixed in this area.. Maybe owners can tagged their own vehicles as totalled in CARFAX or some other official place so that crooks cannot endanger future vehicle owners and families. AC __________________ 2005 ML 500 Black, 18" AMG Wheels, 285/60R18 Falken Ziex ST/Z + Bi-Xenons(+ Drew's e-code mod), Yakima roof bars. Former vehicle 2001 ML 320 with 108K miles, when traded, and a large repair/defect history. After 3 years of owning my current 2005 ML 500, it has become another unreiliable vehicle with a very large/expensive repair/defect history.. Last edited by AC_ML : 01-08-2008 at 05:02 PM.