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No, although some insurance companies (most) won't insure it at all.
Most will insure but only with an inspection.
Insurance for the most part is based on putting a vehicle back together in an accident. Piece by piece. There aren't that many total losses in comparison to other regular accidents.
The parts for your car will still cost the same regardless of prior damage. Labor will still be the same to have it fixed.
The price, therefore is also the same.
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What to do or should know when your auto insurance salvages a vehicle?
In the U.S., Auto Insurance companies do not salvage a vehicle. If the vehicle claim is paid out as a total loss it is sold or auctioned off to a salvage or a junk yard. The junk yard may crush the vehicle for scrap metal value or salvage parts from the vehicle or even to re-title the car on a salvage title but this is totally up to the salvage yard or whomever the yard then re-sells the vehicle too.
How much does an auto salvage title depreciate a car?
a lot
If you purchase an auto with a salvage title does that mean the vehicle is no longer road worthy?
It does not mean that the auto is not road-worthy. What it does mean is that the auto has previously been in a wreck and considered totalled by the insurance company. Many times, an insurance company determines it is cheaper to "total" the auto than to pay the costs to repair it. Auto body and repair shops will scout around for later model autos that have been "totalled" and buy them to repair and re-sell. The shops will usually check and make sure that the frame is not bent and that most of the damage is just body damage. Because the auto has been previously "totalled", the title is issued as a salvage title.
What does salvaged car mean?
A car that has been brought back from the "graveyard" (or junkyard) is commonly referred to as having a "salvage title". This means that the car was either stolen and un-recovered or (most commonly) that the insurance company deemed it uneconomical to repair and declared the vehicle a "total loss". The vehicle was later repaired. In most cases a vehicle with a "salvage title" cannot receive "full coverage" auto insurance and can never be issued a "clear title".
What does salvageable mean?
A car that has been brought back from the "graveyard" (or junkyard) is commonly referred to as having a "salvage title". This means that the car was either stolen and un-recovered or (most commonly) that the insurance company deemed it uneconomical to repair and declared the vehicle a "total loss". The vehicle was later repaired. In most cases a vehicle with a "salvage title" cannot receive "full coverage" auto insurance and can never be issued a "clear title".
Who owns the salvage in an auto accident?
Either the cars owner or the insurance company who paid for the totaled vehicle
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.
Does auto insurance policy have to be in the same name as on the title?
does the name on the insurance policy have to be the same as the title in anderson south carolina
What if you don't have insurance on a car but need to get a replacement title in WV?
You will have to buy auto insurance on the care before you can transfer the title.
Does both names on auto title have to be on insurance for vehicle?
Yes
How much does a salvage title affect the value?
A salvage title can lower a vehicles value by 50% of KBB. Part of the mystery of buying a used car is uncovering the auto's "story". A car that is accident free, theft free, and has a low number of owners is worth more than the opposite. Vandals, thieves, and the 10th owner tend to care less about the vehicle than the person who proudly picked it up new from the dealer. Make no mistake, a salvage title is issued by an insurance company because of money. It either costs less to replace it rather than repair, or it can't be fixed economically enough to justify it. Other situations include theft. If a car is recovered after the insurance policy has paid the owner the title can be branded as salvage. The insurance company then retains ownership of the vehicle and it is often auctioned. So then why does a salvage title lower value so much? Because you, the uninformed consumer can't tell why it was branded salvage. You can be told anything, but the title only says salvage. Its up to you to decide its value. As with anything buy with caution and know that it will also change your resale value. Also, check with your insurance agent because the second total loss could be yours.
What is a clean auto title?
is the original title, it means the car has never been in an accident or not been wrecked badly, usually the insurance companys decide it(they must have some guidelines), after an accident if the car is in bad shape, but if can be fixed, and u buy it , the state will issue a salvage title, so u can fix it and drive it,
