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Can you be reimbursed for damage to a vehicle with a salvage title if the other party is at falt?
Wiki User
∙ 12y ago
Yes; why on earth would you think otherwise? The "salvage" title only means that it is a reconstructed, or rebuilt vehicle which has probably been heavily damaged and repaired. It is STILL your property, and in this respect, a title, is a title, is a title -- "salvage" has nothing to do with whether or not you own the property (vehicle). If some one else damages it, then they have damaged YOUR property.
Wiki User
∙ 12y ago
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If your car gets totaled and you don't have comp-coll would you still be reimbursed for the value of the car if the crash is the other party's fault?
Most likely yes. They are financially responsible for the damage to your vehicle.
If a salvage yard owns a car is the title considered salvage?
Depends on the existing title, if the salvage company owns the vehicle and it does not have a salvage title then they would be just another owner like anyone else and this vehicle would have a clean title assuming that there are no lean holders. On the other hand if the vehicle in question has already received a salvage/non repairable or similar title then salvage/non repairable or similar title would follow the vehicle not a clean title.
What is a restored salvage title?
it just means that said vehicle has been damaged and an insurance company has considered it to be damaged beyond its value. if it is a "rebuilt" salvage title then it can be used as any other vehicle on the road, it just may effect the cost of insurance.
If your at fault in an accident there is no damage to your car but the others how much do you have to pay?
If you are at fault in an accident, You are responsible for any personal injuries and the reasonable cost of repair for for the damage to the other vehicle that you hit. The level of damage to your own vehicle does not mitigate the cost of the damage to the vehicle you hit. After all you still caused the damage and you are responsible for it.
What happens if you wreck a car that you dont insure?
If the vehicle has insurance it will cover damage to the other vehicle but not the one you are driving. Now if you have insurance on another vehicle your insurance will cover the damage to the vehicle that you where driving even though it is not on your policy.
What does the term 'insurance collision' mean?
Insurance collision is a form of automobile insurance that covers physical damage. In most situations the insurer pays for the insured injuries, damage to the vehicle of the insured, and if the insured is at fault it pays for the damage to the other vehicle, and the other driver.
Why does Louisiana require liability insurance?
Louisiana Liability Insurance RequirementLouisiana requires liability insurance for the same reason that all other states require it. The law is there to make sure citizens have a reasonable chance to be reimbursed for damage to their property and or injury and death from the at-fault driver in an accident. One of the requirements that society places on the privilege to operate a motor vehicle on our roads is that you have the ability to pay for the damage you cause in the operation of that vehicle. You make this guarantee by purchasing liability insurance to cover your mistakes.
Do you need to still pay insurance when your car is totaled?
Assuming that you had collision coverage on your car, when it is totalled, the insurer pays the "actual cash value" of the car, less the collision deductible. This represents the market value of the car immediately before the collision. It takes into account make, model, mileage, condition, and other features. When the car is totalled, you will be given the option of keeping the salvage or letting the insurer keep it. If you keep it, the amount paid to you will be reduced by the value of the salvage. If you keep it the salvage and have the car repaired, sometimes you are allowed to obtain a "salvage title" from the motor vehicle authorities. If the vehicle, as rebuilt, is roadworthy, you will need to insure it as you would any other vehicle.
What are your options when a car is totaled?
When a vehicle is considered a "Total Loss' there are a few things you can do. If you have full coverage on the vehicle or if a third-party was the cause of the total loss then the insurance company will pay you the fair market value or retail value of your vehicle less any prior damage or other factors that may reduce the value of your vehicle. If they offer you a settlement then they will issue a check. You might have the option to retain the vehicle for salvage but they will reduce your claim by that value amount. If the car is totalled, it's totalled. You cannot title or register the vehicle normally after that point.
Can you insure an automobile with a salvage title in the state of Missouri?
you can insure it sure, but i imagine you are wanting to know if you can get collision and comp coverage (covering damage to the salvaged title vehicle)...has it been repaired? some insurance companys (most really) will insured it but beware that those prior claims (and salvage title) will show up if another claim is reported, (to any company that does it's job by running searches on all vehicles in all claims).......so it is possible you could be paying a premium higher than the vehicle is worth....for instance, your premium is based on the yr/make/model etc (among many other underwriting stipulations of course)...but your's is worth about 60% of that due to prior damage/salvage title...and what you will get in the event of a total loss is the actual cash value of that vehicle......including any applicable deductions in value due to this salvaged title.....
Try to buy BMW 525i 2006 8K mile and carfax back salvaged- look very good- what to do?
I recommend not buying the car. Salvaged means the car was recently totaled, flooded, or in some other manner suffered major damage. Then the car was fixed for whatever damage it incurred, inspected and passed by a DMV, then issued a salvage title. The vehicle was 'saved', hence the word salvaged, but it was saved from going to a junkyard after suffering major damage. A vehicle in that condition with only 8,000 miles will be worth a hell of a lot less than a comparable vehicle upon resale.
Can a burned exhaust valve cause any other damage?
Depending on the vehicle, it could damage the catalytic converter over time.
