Salvaged title ?
- Thread starter rmk4ever
- Start date
I don't know if I can answer this but, I believe, if it is fixed, and examined by the State Police or other authority, the title can be revised making the vehicle able to be insured. As long as they deem it legal and road worthy. I had a friend go through this several years ago.
Good luck and check with your insurance company.
Dave
bearrassler
Well-known member
I have a Pontiac Montana with a salvage title and have full coverage through Progressive, had no problem insuring it.
Years ago I bought a car that had a salvage title. I wouldn't do it again, especially if it had received a front hit. I still had to stick a bunch of money into that car. It looked good, but had mechanical issues that you just don't see. Make sure you look it over very closely.
With that said, I didn't have any issues insuring it.
With that said, I didn't have any issues insuring it.
Insurance
Depending on your insurance company, you can get full coverage on the vehicle, BUT, in the event that it becomes involved in another accident that causes another total loss event, the insurance company will probably only pay 50% of the retail value of the vehicle at the time of loss.
For example: if you had an $8K mini van that was a total loss, the insurance company (prior to settlement) runs a title check, discovers it's a prior total, you'd most likely get $4K, less your deductible.
I work in insurance on the claims side & that's how we generally handle that situation. Most people that know they had a prior total are fine with that. The problems start when the poor owner never knew the vehicle was a prior total......
Depending on your insurance company, you can get full coverage on the vehicle, BUT, in the event that it becomes involved in another accident that causes another total loss event, the insurance company will probably only pay 50% of the retail value of the vehicle at the time of loss.
For example: if you had an $8K mini van that was a total loss, the insurance company (prior to settlement) runs a title check, discovers it's a prior total, you'd most likely get $4K, less your deductible.
I work in insurance on the claims side & that's how we generally handle that situation. Most people that know they had a prior total are fine with that. The problems start when the poor owner never knew the vehicle was a prior total......
mezz
Well-known member
This scenerio may vary not only by company, but by state. In Michigan, you can insure the vehicle with full coverage as long as you have the vehicle inspected & the title cleared by a certified inspector. This could be your local State Police Post, or Sheriff Dept. It would be especially helpful to you to have all of the documentation on the initial damages as well as the estimate of repair from the facility that repaired it. That is proof positive that it was repaired properly & there would be no incumbrances on it's value. Should that vehicle be in another accident, even if it's not a total loss, this documentation would be key in order to not suffer a deminished value as mentioned in a previous post. I would be hesitant to purchase a previously totalled vehicle without that documentation, unless the purchase price was extremely low.-Mezz
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I bought a 95 bmw 325i with under 10,000 miles at an auction. There is a law in Illinois (where it was totaled) when a vehicle is in a flood where water is above the bottom of the door, it is the owners decision if it is totaled or repaired.
I pulled the carpets out and cleaned it up. The car was like new. Still even had the fresh leather smell. I did have the airbag module under the rear seat go bad on me but over all I would do it again.
Never had an issue insuring it. I don't think this would ever come up.
IF the car was in a crash and totaled, I would avoid. A lot of shops buy crashed cars. If car A has front end damage and car B has rear end damage, they will go as far as cutting the cars in half and piecing them back together.
I pulled the carpets out and cleaned it up. The car was like new. Still even had the fresh leather smell. I did have the airbag module under the rear seat go bad on me but over all I would do it again.
Never had an issue insuring it. I don't think this would ever come up.
IF the car was in a crash and totaled, I would avoid. A lot of shops buy crashed cars. If car A has front end damage and car B has rear end damage, they will go as far as cutting the cars in half and piecing them back together.