Salvage Valuation (BAV / Fair-Wreck / Scrap-Quote)
Salvage Valuation (BAV / Fair-Wreck / Scrap-Quote). The method for determining the salvage / wreck value of a TL / CTL vehicle so the insurer can either. — DigiSurvey.
What it covers क्या कवर होता है
The method for determining the salvage / wreck value of a TL / CTL vehicle so the insurer can either sell it to the insured at that value (With-Salvage settlement) or take it over and auction it (Without-Salvage settlement).
TL/CTL गाड़ी की salvage/wreck value तय करने का तरीक़ा — ताकि बीमा कंपनी या तो उसी value पर इसे insured को बेच दे (With-Salvage settlement) या अपने पास लेकर auction कर दे (Without-Salvage settlement)।
Surveyor's verdict / key conditions सर्वेयर की जाँच
Collect at least two independent scrap-dealer quotes on their letterhead OR obtain a Best Available Value (BAV) through the insurer's authorised auction platform (Metal Junction, Salvex, Autobse etc.). State clearly: whether settlement is With-Salvage (insured retains wreck → deduct wreck value from IDV) or Without-Salvage (insurer takes wreck → do not deduct, but take a letter of subrogation + RC + original keys + a notarised affidavit of ownership transfer). Flag any valuation that is more than 20% below the lowest independent quote — insurer may question. Burnt vehicles have a sub-20% salvage; water-logged have higher.
दो स्वतंत्र scrap-dealer quotes letterhead पर लें या बीमा कंपनी के authorised auction platform (Metal Junction, Salvex, Autobse) से Best Available Value (BAV) लें। साफ़ लिखें — settlement With-Salvage है (insured wreck रखेगा → IDV से wreck value घटाओ) या Without-Salvage (बीमा कंपनी wreck लेगी → घटाओ नहीं, पर letter of subrogation + RC + original keys + ownership transfer का notarised affidavit लो)। अगर कोई valuation lowest स्वतंत्र quote से 20% से अधिक नीचे है — flag करें, बीमा कंपनी सवाल उठा सकती है। जली गाड़ी का salvage 20% से कम, पानी में डूबी का अधिक।
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