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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 ensures that the fair market value of your vehicle, as of the day of the loss due to fire, explosion, vessel stranding/capsizing, overturning, or derailment, is covered.
*The coverage payout cannot exceed the final auction bid.

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.

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