To determine who put the salvaged vehicle back on the road you will need to do a title history search. Insurance Companies never salvage a totaled out vehicle. They may sometimes retain salvage rights but this is for the auction of usable salvage parts from a vehicle and it's scrap metal value for auction. Once the vehicle is auctioned for it's parts and scrap value the insurance company has no control over what the buyer will do with it. Often unscrupolous buyers will purchase several vehicles of the same type and use 2 or 3 of them to make major repairs that can never bring the vehicle back to specs and resell the resulting vehicle. This is how grey market vehicles wind up back on the road. Insurance companies consider salvaged vehicles as unsafe and a danger to the motoring public. This is why most insurers will not offer coverge for salvaged or "Grey Market" vehicles. although some insurers will offer liability only.
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Answerno.I have a car that is financed through a bank. I recently found out that it has a salvaged title and I am having problems with getting full coverage insurance. the bank along with me didn't know it was a salvaged title at the time so what can I do.
It depends on many aspects, however since it already has a salvaged total it will be significantly lessened than if it didn't already have a salvaged title. Your insurance company should be able to give you specifics as to why they are offering what they do.
Yes, any condition that caused the car to be totaled by an insurance company could cause it to have a salvaged title. A good hailstorm can do thousands of dollars of cosmetic damage resulting in a salvaged title.
I know of no insurance company in any U.S. sate that will give you full coverage on a salvaged vehicle.
a salvaged title on the car basically means the insurance company calimed the car as a total lost. either due to a major accident or theft. clear title means the opposite, the car has no problems on its history.
Insurance is meant to get you back relatively close to where you were before the accident occurs. The states view of your title should have no bearing.
does a seller have to tell you a car has been salvaged?
Auto Salvage Yard is a good place to find places online to buy salvaged cars, and salvagetitlecars.net offers resources as well as pitfalls to avoid when purchasing this type of car.
howdo i find the insurance provider for a person in was in an accident with n now can not get in contact with
Why are you driving a salvaged car. If the car has any value they may pay something. If they damaged something that wasn't already damaged, they might pay something. You may end up having some fault for driving an unsafe vehicle as well if it was salvaged vehicle that was not repaired.
Use esurance, a car insurance quote comparison service, to compare quotes for your specific vehicle. It covers insurers nationwide.