Yes and no. Insurance companies, as a general rule, will not provide full coverage insurance for vehicles with salvage titles they will however provide liability only insurance.
most insurance companies will insure a vehicle with a salvage title. As long as it is state certified.
Answer: Salvage titles come from the insurance companies. Once an insurance company "totals" a vehicle, it becomes "salvaged". Take the ID number to your insurance company and have them run it to see if it is "insurable", best & quickest way and its free.
Companies that do Motorcycle salvage are known as 'Salvage' companies. They will salvage parts to sell and /or rebuild cycles for customers for profit.
Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard.
In general, individuals are not allowed to finance salvage cars; however, there are financing companies that provide funding for companies who process salvage cars.
Some companies will let you buy liability insurance. almost none will offer full coverage. A salvage title means the car has already been totalled before.
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.
The have companies that will purchase damaged items of personal property or just about anything. They are in the business of repairing items are reselling them. The insurance company has lists of what they can normally sell damaged items for and this will result in a valuation.
Either of the following websites are companies that buy salvage cars erepairables.com/buy-salvage-cars or http://www.autobidmaster.com/carfinder-online-auto-auctions/
There are three companies that distribute salvage parts made for semi trucks in the city of Fontana, California. These companies are M & M Imports Inc, California Truck Salvage, and All Auto Parts.
In Texas you do.
You can purchase salvage motorcycles at your local bikes dealer. Remember to check out places where they have lots of salvage cars as well. Online there are places like Salvage Bikes Auction and Buy Wrecked Bikes. You should also check those out.
You can purchase a salvage car at a small dealership (ex: Autoworld). There, they have many different cars: wrecked, salvaged or dented. Therefore, you are almost certain to find a salvage car there for a good deal.
There are companies that look for signs for nostalgia reasons that might be interested. Alternatively, there are salvage companies that look to purchase materials for scrap or recycling reasons. Look into the companies that you believe would offer the greatest value.
If you want the car then you retitle it with a salvage title. If you don't want the car then you go back to the seller and explain that he defrauded you by not presenting you the proper 'salvage' title. If it's worth the time and hassle to you then you may need to contact an attorney and sue.
There are multiple places online where you can find the best deals on salvage titled cars. ERepairables.com has the biggest list of salvage cars on the net.
You only need insurance if you are going to tag it and drive it. If it is just for parts or scrap, you don't need insurance.
Yes, or if you carry uninsured motorist coverage, you may get some help from your own insurance company. If the car is totalled, you may receive close to Blue Book value--not the amount of the loan you owe. The car then will belong to the insurance company as salvage.
If the car is still going to be driven, then yes it does need insurance.
To determine who put the salvaged vehicle back on the road you will need to do a title history search. Insurance Companies never salvage a totaled out vehicle. They may sometimes retain salvage rights but this is for the auction of usable salvage parts from a vehicle and it's scrap metal value for auction. Once the vehicle is auctioned for it's parts and scrap value the insurance company has no control over what the buyer will do with it. Often unscrupolous buyers will purchase several vehicles of the same type and use 2 or 3 of them to make major repairs that can never bring the vehicle back to specs and resell the resulting vehicle. This is how grey market vehicles wind up back on the road. Insurance companies consider salvaged vehicles as unsafe and a danger to the motoring public. This is why most insurers will not offer coverge for salvaged or "Grey Market" vehicles. although some insurers will offer liability only.
Yes with some companies you can. As long as repairs have been made. It could affect the amount you would get paid in event of loss though.
When a car is in an accident and the repairs exceed 75% of the car's value, insurance companies total the car out, pay the owner and take possession of the car. They then resell it (usually though an auction) as salvage. The title is rebranded as such so if the car is rebuilt buyers will know it's been totaled.