u/-kati

I am thinking about retaining my totaled vehicle. It was explained to me that my payout would be (ACV - Deductible - Salvage). That made enough sense. But then I was told that Progressive will apply a "Bid Fast" adjustment to my payout and reduce it further. The adjuster was unable to explain how this is calculated. Is there anyone who works there who can explain what the Bid Fast charge is and how it is calculated, and how much I can expect to lose from my projected payout?

Furthermore, I was told that I will have to pay IAA lot storage fees once I pick up my car. Can anyone tell me how much those typically are? The adjuster also was unable to tell me how much those fees would be. My car has been in the IAA lot for 11 days.