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Policies |
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HONORING BIDS
It is
QRP policy that bids placed on salvage through the QRP Vehicle Management
System will be honored by the bidder for at least 5 business days following the
close of bidding, (assuming no change in condition or location of salvage)
Payments for Vehicles Purchased on the QRP
Vehicle Management System
QRP
members commit to payment within 14 days of notification from insurance company
that title and lien release are in hand and vehicle can be processed.
QRP Bidder Storage responsibility
When the bid is $500.00 or higher, the QRP bidder awarded the salvage will assume ongoing storage
charges beginning on the first regular business day following an electronic bid
acceptance placed prior to 5 PM central time.
When the bid is $499.00 or lower, the QRP bidder awarded the salvage will assume ongoing storage
charges beginning on the third regular business day following an electronic bid
acceptance placed prior to 5 PM central time.
The QRP bidder awarded the salvage is responsible for retrieval costs from the
salvage location as listed to their facility. Sellers are not responsible for
those retrival costs.
CLAIM PROCESSING
QRP members and bidders realize some insurance settlements do not always go smoothly.
At times your company may have a problem securing proper title and or lien release or encounter some other problem.
A member awarded a piece of salvage like this agrees to hold the unit, storage free, for at least 45 days.
After that time period, our bidders may begin charging a nominal storage fee unless other arrangements are made by you
with the high bidder. We have requested the bidders notify you in advance of any storage fees they will begin charging.
Bids made on units that cannot be paid for and processed in a timely manner because of these problems are subject to possible negotiation
of the bid or may need to be reposted by the insurer for current bids.
3/09
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Copyright 2007 QRP Great Lakes |
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