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When a car with only liability insurance and a salvaged title is totaled a second time what is the responsibility of the at faults insurance company as far as replacement?
Wiki User
∙ 17y ago
The title is irrelevant, they need to put you in equal transportation during the claims process and issue you a check based on the cars book value. If they give you less then you feel is reasonable you do have the ability to negotiate. You better have logical well thought out facts tho. In other words, what will it cost to replace your vehicle with an equal to your vehicle?
Wiki User
∙ 17y ago
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What happens when a boat is written off by an insurance company?
When a boat is written off, it becomes salvaged, usually it is destroyed to prevent further liability.
How is your insurance affected if you bought a salvaged motorcycle?
no collision insurance avalible usually
My car was totaled. it already has a salvaged title. what will the insurance pay?
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.
Salvaged title finance in california. Is it law in California that a car having a salvaged title can not be financed through a banking or credit union Stuck in a rut?
There is no law against financing Salvaged Titles. It is just that most banks and credit unioins chose not to finance these vehicles. The problem is that there can be liability if the vehicle is for whatever reason unsafe, and you sometimes do not know why a vehicle was salvaged. It could be because of frame damage or other serious damage, or it could be for water damage (i.e., Katrina), or it could be that it was just stripped by a theif, and has been rebuilt and is perfectly good, but since it was totaled by the insurance company, it is "salvaged". Some lenders will lend against a salvaged title. But they will take off 40% of the value of the vehicle due to salvaged title. So if the vehicle is worth $10,000 as a regular title, a salvaged vehicle will be worth about $6,000. I believe SafeCo might be a source for insurance. Car Cash Loans in Los Angeles (www.CarCashAuto.com) will lend against salvaged titles, according to their representatives.
Can cosmetic damage be a salvaged title?
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.
Can the owner keep a car that is totaled but is still operational?
Usually you can, you can buy it back from the insurance company for a "salvage" price, you will then have a salvaged title and wont beable to insure the vehicle with full coverage any longer only liability. Talk to the adjuster about it.
Can you put insurance on a salvaged title?
most insurance companies will insure a vehicle with a salvage title. As long as it is state certified.
Can a salvaged title car be financed?
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.
How do you find who or what insurance Co salvaged a specific car?
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.
is this salvaged?
is this salvaged”
Can you put full coverage insurance on a car with a salvage title car in Georgia?
I know of no insurance company in any U.S. sate that will give you full coverage on a salvaged vehicle.
What companies will insure a salvaged vehicle?
As far as I know all should, but insuring for any more than liability and perhaps uninsured motorist would be a waste of money.
