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2013-12-08 04:40:37
2013-12-08 04:40:37

I would not insured a rebuilt vehicle because no matter what there is always going to be an issue if the vehicle is totaled as to what the value of the vehicle is. You and I know that a vehicle with a rebuilt title will be worth less that a vehicle with a clear title. I would use a stated value policy to value the vehicle so that there is no misunderstanding if an accident occurred.


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no i don't think you can you can get a title for a total in florida

You should Inquire at the Florida Department of Motor Vehicles.

It means the car was totaled by an insurance company and rebuilt (to hopefully roadworthy standards!)

No it does not. Lenders Title insurance is a whole other form of coverage

Continuing Education courses for Florida Title Insurance Agents are available online at

yes because if you have insurance on your car as long as you name is on the title and you were in the car with your friend most likely the insurance will cover it

No, Florida law does not require that title insurance be issued. The only requirement to transferring title, is that a proper deed be recorded. However, having said that, if you are buying a property from someone, title insurance is greatly recommended. Title Insurance is the only thing that protects you in the event you receive a fraudulent title, or you later find out that there are undisclosed liens or encumbrances against the title. I would never buy any property without the protection of a title insurance policy. If, on the other hand, your parents are transferring to you their property, and you already know the history of the title, title insurance would not be needed.

An Abstract of Title in Florida could be as little as $200, depending on what the title company or agent was willing to charge, however this would not provide you with any title insurance, only a report what was found on a title search of the property. Meanwhile, if you wanted title insurance you should compare several title insurance companies because they will be charging for the title search, closing fees and probably several other fees in addition to the actual title insurance policy. The Florida promulgated rate for an owners title insurance policy is $725.00 for a $130,000 house. Please remember you will be comparing more than just the policy rate, which may have some applicable credits depending on your situation. You may qualify for a reissue credit if you are refinancing, and you should get several quotes on an "out the door" price when comparing title insurance.

Only if you can un-rebuild the car. Once a car is rebuilt, it is rebuilt forever.

I cannot answer your question but I do know that insurance companies use "fair market value" which means they can use the fact it has a rebuilt title in their concideration. If you do not agree with their estimate you can appeal it (may require a court visit)

I am a Title Insurance Agent in Florida. I earn $46,000 per year. I have 2 years experience and work for a small company.

There are many different types of insurance licenses one can get in the state of Florida. Some of these include property and casualty, title, warranty, and bail bond.

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.

There are two general types of policies, or combinations: lender's insurance (which pays the lender to cover its loss in security interest) and owner's insurance (which pays the owner in case of defective title).

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.

Generally speaking, a title insurance producer is the same as a title insurance agent.

First American Title Insurance Company Fidelity National Financial Stewart Title Insurance Guaranty Old Republic Title Insurance Company North American Title Insurance Company Chicago Title Insurance Company

A rebuilt salvage title is issued when a vehicle has been declared a total loss. When that happens, the original title is "retired", and the salvage may be sold--often by an insurance company that paid the owner and acquired the salvage. As a way of recovering some of what it paid, the salvage will be sold by the insurer. The buyer of it may then repair the vehicle to make it road-worthy. The repaired vehicle is then issued a rebuilt salvage title in order to be "legalized" and used as a vehicle. The fact that it has a rebuilt salvage title will generally reduce the value of the car, because any buyer will know that the vehicle has at one time been totaled.

Yes, you must apply for a rebuilt title. This will require two VIN's and an application for rebuilt title. You could take two certificate of destruction of the same type of vehicle. or one title and one CD of the same type of vehicle to prove that the vehicle has been rebuilt. Also you can apply for a rebuilt title with only one vin if you kept all your receipts when making repairs to the vehicles. Bottom line you must show substantial repair. It's a well kept secret the tax collector doesn't want you to know. They will automatically say no you can not register a car with a CD. If you ask them for a application for rebuilt title, with the instructions, you will get all the information you need.

Yes, in most circumstances you would need the help of a lawyer to set up your company and get the legal documentation or licenses. For example, in Florida only an attorney licensed by the Florida Bar or an individual licensed as a Title Agent by the Florida Department of Insurance may act as an Authorized Signatory for an insurer.

Title examiners are typically employed by title insurance companies

if the title is from the state you are registering it in, then you register it just like normal. if it is an out-of-state rebuilt title, then u have to check with your local DMV to see if it has to go thru any inspection first.

Totaled vehicles which have been rebuilt generally have a "salvaged vehicle" title, or whatever it's called in your state. Vehicles with a salvaged vehicle title are by definition, not as valuable as the same vehicle with a clean title. If the vehicle is subsequently in another collision, the insurance company will not pay as much since the loss was not as great. Insurance companies only need to pay you for the actual value of the vehicle.

Typically an Owners Title Insurance Policy does not cover matters that would be disclosed by an accurate survey, such as land shortage issues. This is referred to as one of the standard or general exceptions in a title policy. In some instances you can negotiate this coverage which is called extended coverage if you are willing to sign an extended coverage affidavit.

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