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Can I receive compensation if my vehicle is damaged?

AutoBidMaster provides two types of damage coverage for your vehicle:

Total Loss Coverage:

  • Cost: 1.5% of vehicle’s value
  • Deductible: $0

Total Loss Coverage - covers the fair market value of your vehicle, as of the day of the loss due to fire damage, collision, overturning, or other incidents during towing resulting in total loss. The coverage payout cannot exceed the final auction bid. Reimbursement is provided as credit on AutoBidMaster account and can be used toward the next purchases or services.

Damage Coverage:

  • Cost: 5% of vehicle’s value
  • Deductible: $500

Damage Coverage - covers the fair market value to repair or replace parts of your vehicle as of the day of the damage. If you need to replace or repair a missing/damaged part, you will receive compensation equivalent to the cost of aftermarket parts. The coverage payout cannot exceed the final auction bid. Reimbursement is provided as credit on AutoBidMaster account and can be used toward the next purchases or services.

 

Damages excluded from coverage

It’s important to know that light scratches from transit, undercarriage damage due to previous incidents or forklift use, and damaged windshields or other glass parts are considered normal and excluded from coverage. Damage arising from weather, any spills, and marks from straps used during transport are common and are excluded from coverage. Parts of the vehicle that were damaged previously, already damaged at the time of receiving, or loose parts that may be lost during transit aren’t eligible for coverage or replacement.

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