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If a car with a rebuild title was totaled a second time what will the insurance pay out for it? |
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Answer
If the insurer knew beforehand that the car was salvage titled and insured it to full coverage, you are definitely entitled to all monetary replacement regardless.
Contact your broker/agent and find out if this was noted on your policy info.
Answer
Yes, you will likely get around 50-60% of the value of a comparable car with a clean title plus credit for any upgrades like keyless entry, a new stereo, recent major repairs (provided you have receipts). Hopefully you paid less for the car to begin with so it should balance out.
First answer by Trina. Last edit by Tobeginwith. Contributor trust: 26 [recommend contributor]. Question popularity: 26 [recommend question]
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