In case you wonder, can you keep your car after an accident and still get paid from your insurer? The question is it depends. To give you a good idea, you should learn about total loss, salvage value and many more.
Worst accidents happen and it may leave your car in ruins. This may lead either to a total loss or not. Either way, the car still has a value. A total loss vehicle obviously has lesser value for you and it may range anywhere between 5% to 25% of the pre loss worth of the vehicle. But basically all you need to remember is that cars don’t totally lose value.
Now to answer the question, yes you can probably decide to keep a totaled vehicle after settling with an insurance carrier (the last say still depends with the insurance company). They can legally remove the salvage from the settlement. It should not be much, and you can easily request that you get a salvage quote from a local salvage yard.
Basically, the idea here is that you cannot possibly make a profit from a loss. If you are considering cheating your way to keep your car after an accident and possibly profiting from it then you might be wrong. The auto insurance company makes sure that they deduct the salvage value from their coverage. Otherwise, you will get a full settlement and retain some value with a vehicle (which is unlikely). In most cases, they walk you through with this process of getting salvage quotes and settling the final price for replacement or price thereafter.
Insurance company are certain in checking the statements if you repair the car. They require you to provide proof of repair if in case the car is reparable or if you decide to repair it anyway. This way you they make sure they do not have unnecessary lose with their money.
However, there is still a way to profit in some way if you really try. You can try working with the carrier on what the salvage amount is going to be. You may let them tell the insurance company to give a different salvage quote. In which you can profit, when the vehicle is finally sold at a salvage yard.
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