00:00Road accidents can leave people with increased premiums, or depending on the damage, have
00:16their vehicles classified as actual total loss or constructive total loss by insurance
00:23providers.
00:24But founder and owner of Crash Nation TNT, Adrian Allen, created a solution after his
00:31first-hand experience selling a salvaged vehicle and discovering a gap in the market.
00:37One of the biggest problems I face with 75%, about 80% of my clients, is that they are
00:46left with a salvage wreck to sell after the insurance has done their process.
00:53The insurance does not have a salvage market department, which Crash Nation hopes to offer
00:57that services, and because they don't have this salvage market department, they give
01:04the client back the salvage wreck to sell, you know, based on the class of write-off.
01:10Two years ago, Allen started offering people the choice of handling repairs themselves
01:15or contacting him to sell their damaged vehicles.
01:18He said his focus is on the PDE, TDE series, given their prevalence on the road, but he
01:24tries to help anyone who contacts him.
01:27You reach out to me, you send me your pictures, I have a list of follow-up questions I would
01:32ask to get some knowledge, background information, if it's still well-known, et cetera.
01:37Once I get that information, I'll know either if I can purchase it from you right off, or
01:41I have to get a purchaser for you.
01:43Some clients might just be able to sell the wreck to retain some money, cut their losses
01:48and go.
01:49Some need to sell it for a particular price to pay off their debt that they may be owing,
01:54and some just want to get rid of it.
01:55Allen said if he is unable to buy a vehicle immediately or find a buyer quickly, it can
02:01be stored in a parking lot for the open market.
02:04However, he cautioned that this process can take sometimes months.
02:10Asked how many vehicles he works on a day, given the focus series, he said he receives
02:15around 200 calls, averaging six to seven calls per day.
02:19A lot of people don't realize there are, I would say there's over 15 to 20 accidents
02:25per day.
02:26Aside from, I'm not talking about major accidents, I'm talking about fender benders, I'm talking
02:30about people that hit other people during traffic, people that run off the road and
02:35pick up a skin, all those things would be considered as accidents.
02:40Allen hopes to become a price adjuster for salvage vehicles soon to further help people.
02:46He explained that with this certification, he would be able to make assessments and help
02:50people avoid low-balled offers or a bare minimum payout from their insurance providers.
02:56To expand his services beyond salvage vehicles, he is developing an app to ease the challenges
03:01people face with insurance-provided wreckers or high cost of private wreckers.
03:07Allen added that there will also be premium services, which could include flat tire changes
03:12or gas delivery, for a subscription fee of $10 per month via credit or debit card.
03:19He anticipates launching the app next year.
03:22Vishana Pagu for InsideBusiness.
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