Understanding Vehicle Storage Fees

Monday, November 2, 2020

The last thing you need right now is another hidden fee. That's especially the case after your car's towed. Sadly, if your vehicle's towed and you don't pick it up immediately, you'll be charged storage fees.

To avoid such fees, you need to understand them. For a complete breakdown of them, keep reading.

Storage Fees for Cars

In some situations, a car accident victim can end up paying storage fees after their car's towed. How's that for adding insult to injury?

If your car gets towed, you'll soon receive a "storage letter" from your insurance company. It tells you that your insurer will only pay for three more days of storage before you'll have to.

In this situation, first, contact a car accident attorney. Hire a personal injury lawyer who will help you minimize storage fees.

There are some steps you can take while waiting for a lawyer or if you can't afford one.

If you were towed as a result of an accident, call the at-fault driver's insurance company. Ask them to move your car. They should have no problem doing so if they've accepted liability.

If they haven't or if you can't reach them, then contact your insurance company. Full coverage should include coverage for storage and towing. That way, your insurance company could move your vehicle for you.

Your rates won't increase as a result. That's assuming you're not at fault for the accident that brought your car to storage in the first place. In that case, your insurance company will bill the other company for the costs of moving the car.

The last resort is to make an arrangement with the tow yard. You may get a discount if you pay cash. In that case, you have a right to be reimbursed by the at-fault insurance company.

The Story Behind the Fees

Let's take a deeper dive into what's really behind these fees.

Storage facilities charge their pesky fees according to hourly and/or daily rates. As soon as a vehicle enters storage, the clock starts ticking to release it.

As you've learned, though, storage release is no easy task. 62% of vehicle releases have an associated challenge, such as specific paperwork, cash payment, or requiring the owner to show in person to finish the release.

Facilities can legally charge fees for services beyond storage. Common charges are for administrative fees, crash wrap, non-business hour access, teardown, and extra time at the accident scene. Other fees are for winching and accident clean-up.

No More Fees, Please

Hidden fees are the worst. They're even worse during these times when more people are strapped for cash than at any other time since 2008.

No one wants to pay vehicle storage fees. They're yet another headache to deal with after the migraine caused by your car being towed.

Thankfully, you can avoid these fees with this guide. The next time your car's about to be towed (and stored), make sure you take it to B & M Auto Repair.

B&M Auto Repair and Towing is proud to offer mechanic services to the Collegeville, Phoenixville, and Oak PA areas. We fix brakes, provide towing services, and everything in between, so give us a call at (484) 358-6784 and let B&M Auto be your auto service and repair partner.

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