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Freeway insurance
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∙ 12y ago
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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 are car insurance auctions?
If you wreck your vehicle, the insurance company pays you off and you give them the title for the vehicle. The insurance company then turns around and sends the vehicle to an auction (usually for dealers and wholesalers only) and sell it. Most of the time a salvage company will buy the car for parts and the insurance company can recoup some of their money.
If a car has a New Jersey Salvage title would you have to get the salvage inspection done in NJ or could you do it in NY to get the reconstructed title?
depends on where you live, if you live in NY then you need to transfer the title to a NY salvage title. Then, you can apply for a reconstructed title there. Here in NJ, dont have a "reconstructed title". you have to apply for a salvage inspection so that theyll give you a clear title.
Where can you get title insurance quotes?
You can get title insurance quotes from by doing a search on google or other search engines for title insurance and visiting one of the websites that offer title insurance quotes. There are some companies that will give you multiple title insurance quotes from more than one company by filling out just one form, and there are other companies that offer you one quote from their company. It is a good idea to shop around for title insurance companies and this is a great way to find and compare title companies and title insurance costs.
If you car was determined totaled by the insurance company are they allowed to tow your car to salvage before issuing a check?
Sure. Don't worry, one is coming in the mail === === Don't worry about the tow but don't give em the title without a check in hand first!
Do you get to keep your car if an insurance company right your car offbut give you predamage value for it?
Generally NO, as in effect when settling with you, the insurance company is buying the car from you. Therefore, the car belongs to the company. If you still want the car, many insurance companys will allow you to buy the car back at the "salvage value."
Where can you get title insurance quotes for your specific state?
You can get title insurance quotes from by doing a search on google or other search engines for title insurance followed by the name or initials of your specific state (ex: title insurance florida), and visiting one of the websites that offer title insurance quotes. There are some companies that will give you multiple title insurance quotes from more than one company by filling out just one form, and there are other companies that offer you one quote from their company. It is a good idea to shop around for title insurance companies and this is a great way to find and compare title companies and title insurance costs. Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more.
Can you get a title loan on a salvage title?
Most banks or independent title loan companies will NOT give you an AUTO loan or consider the car as collateral on a Salvage title car. Some dealerships have been know to sell salvage title vehicles and submit the title for a loan, unbeknownst the bank or the vehicle's owner. This is not illegal in some states. Always ask to see the title when purchasing a used car from an unknown dealership.
Do you have a right to retain a totaled vehicle for salvage value or can insurance carrier require you to give them car?
Yes, you have the right to retain you car at salvage price at time of settlement.
Your car was totaled and now has a salvage title you were paid the amount of your cars worth am you still able to sale it Or do you have to give it to a tow yard?
Unless you have made other arrangments, as in buying the wrecked car yourself, once your insurance company totals your car and pays you the fair market value, then they own the car, and not you. They will sell it to a salvage yard. Remember they own the car now. Call them and tell them to remove the car from your property.
What is constructive total loss under engineering insurance?
In terms of motor vehicle insurance, when an insurance company writes a vehicle off, they have a dedicated salvage agent, who will give them back a certain percentage of its market value (pre-incident) for every damaged vehicle sold to them. If the cost to repair the vehicle is greater than its market value minus the percentage the insurance company receives, it is known as a constructive total loss (category D), as it is more economic for the insurance company to write the vehicle off than repair it. Equation: Cost to repair > Pre accident value - Salvage percentage return = Constructive write off
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.
