i am in melbourne and i can say from my experience with 2 insurance companies RACV and AAMI both of which pay you out and then take the wreck and seel it by public auction i believe that most other insurance companies do the same in my job as a tow truck driver i dont think i have heard of any insurance company ever giving the wreck back to the owner with a comprehensive policy it is different if you make a third party claim against another person who is at fault in that case you would be paid out the value of the car less the salvage value
hope i have helped you
When the insurance company writes a car off (deems it a total loss) they purchase the car from you. That means you sign the title over to them. They get the car and the title.
Most insurance companies will let you buy back the damaged vehicle. However, you get less money if you do that. In my area, it will usually cost you about 25% of the cars value to purchase the car. So you end up with 75% of the cars value and you keep the wrecked car.
I may be in the US....but I'd bet things work the same way in Australia. This is a pretty basic concept.
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