Its not a salvage fee as much as it is a salvage value. They are paying you the value of the car before the accident and in essence buying the car off you in the process. If they keep the car they will sell it as salvage to cover some of their losses.
http://www.wikihow.com/Determine-the-Value-of-a-Salvaged-Car
Scrap Car Prices: Get The Best Value for Your Junk Car [6 Ways] If you’ve received one or more quotes from junkyards for your unwanted car, you might wonder if you’re getting the best scrap car price possible.
https://www.junkcarmedics.com/blog/how-to-tell-if-you-are-getting-the-right-price-for-your-junk-car/
The majority of the weight in your car is composed of steel. It’s fairly easy to determine the value of scrap steel at local recycling yards. Prices of around $150 per ton are common, so your average car is usually worth around $300 to a scrapyard.
https://www.junkcarmedics.com/blog/how-to-tell-if-you-are-getting-the-right-price-for-your-junk-car/
Three Methods:Determining Retail and Trade-In ValuesCalculating the Current Market ValueDetermining the Salvage ValueCommunity Q&A. Although there is not one set calculation for determining the value of a salvaged car, there are basic methods you can use to determine the approximate salvage value.
http://www.wikihow.com/Determine-the-Value-of-a-Salvaged-Car
Contact your insurance company to obtain the percentage used for the salvage value calculation. Every insurance company uses a different percentage based on their policies and procedures in assessing the damage of the salvaged car. In most cases, the percentage used by insurance companies is between 75 and 80 percent.
http://www.wikihow.com/Determine-the-Value-of-a-Salvaged-Car
Junkyards also pay better scrap car prices if they can sell the vehicle at an auction. Not all cars bought by junkyards are actually destined for the scrap heap. A car that’s still in running condition is much more likely to be attractive to an auction buyer who is looking for cars that can be refurbished and resold.
https://www.junkcarmedics.com/blog/how-to-tell-if-you-are-getting-the-right-price-for-your-junk-car/
Set a value when junking your car and stick to it. Then it’s smart to get as many quotes so you have various junk car prices from junkyards as possible before making your decision. Simply ask them how much is a junk car worth. Be on the lookout for one technique used by unscrupulous junkyards: the Bait and Switch.
https://www.junkcarmedics.com/blog/how-to-tell-if-you-are-getting-the-right-price-for-your-junk-car/
Multiply the market value by the percentage provided to you by the insurance company. For example, if the market value of your car is 6,000 dollars (4,716 euros), and the insurance company calculates the salvaged value using 80 percent, the salvaged value of the car is 4,800 dollars (3,772 euros).
http://www.wikihow.com/Determine-the-Value-of-a-Salvaged-Car
How to Determine the Value of a Salvaged Car. Although there is not one set calculation for determining the value of a salvaged car, there are basic methods you can use to determine the approximate salvage value.
http://www.wikihow.com/Determine-the-Value-of-a-Salvaged-Car
Junkyards will often only offer you the scrap value of a car by weight if the car is inoperable and left outside. If you’re thinking of selling your unused car for junk, do it right away and tell the junkyard that the car was on the road until recently to get a better car scrap value.
https://www.junkcarmedics.com/blog/how-to-tell-if-you-are-getting-the-right-price-for-your-junk-car/
what is the salvage value of my car
The salvage value of a car is 4,800 dollars or 3,772 euros. The salvage value of a car is 4,800 dollars.