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.

 

 

 

 

Storage responsibility

 

            When the bid is $500.00 or higher, the QRP member will assume ongoing storage charges beginning on the first regular business day following an electronic bid acceptance placed prior to 5 PM cst.

            When the bid is $499.00 or lower, the QRP member will assume ongoing storage charges beginning on the third regular business day following an electronic bid acceptance placed prior to 5 PM cst.

 

 

 

 

CLAIM PROCESSING

 

QRP members 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 up to 45 days if you request it. After that time period, our members will charge daily storage at the local prevailing storage rate unless other arrangements are made. 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.