Insuring a Salvage Title Car: What You Need To Know

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Insuring a car with a salvage title isn't as easy as other vehicles because its condition and value can be challenging to assess. In this video, we're going to share how salvage title vehicles differ from vehicles with a clean title and how contacting Answer Financial may be a real timesaver when trying to get insurance quotes for a vehicle with a salvage title.

What's the problem with salvage titles?

Well, unfortunately, because salvage titles vary so greatly from one state to the next, the condition of a car with a salvage title can be somewhat of a mystery.

Some states require these cars to be completely repaired and thoroughly inspected before they're street legal again. Others allow for shoddy work or no work at all. To make matters worse, in some states, people can clear a title by having repairs done or passing a basic inspection.

People buy these cars, not realizing the problems they'll encounter trying to insure them. By checking the history of a car's title through services like Carfax or AutoCheck, or by running a check of your own through the national motor vehicle title information system, you can determine whether you're purchasing a vehicle that has ever been a salvage title along with information on the reason why.

Denied, overcharged and underinsured:

From a business point of view, it's a legitimate concern for an auto insurance company whether to insure a vehicle that has been previously declared a total loss. A totaled car is a car that has been determined to be more costly to repair than to replace.

Now, some insurance companies will agree to cover a vehicle with a salvage title, but it can come at a high cost to the customer. Often the rates will be higher and that can negate the potential savings of buying a salvage title vehicle versus one that has a clean title.

Furthermore, in many cases, the insurance companies will offer liability-only policies that do not cover physical damage to the salvage vehicle. However, there are options:

A small selection of insurance companies will consider comprehensive insurance policies, for cars with salvage titles, once the owners prove their autos are safe and valuable. A thorough assessment performed by an ASC certified mechanic is an easy way to do that.

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No comments? What the hell😭







Nah like deadazz no body had a question or anything 😭 salute to this video for not leaving not one wonder in any ones brain