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Answered 2007-01-25 09:47:05

Typically the value is 20% of the vehicle's value without salvage.

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The total amount of loss to the the ceding company prior to credits such as salvage or subrogation.


What is the worse that can happen by not telling your insurance company that the insured vehicle is salvage?

They will probably run a "carfax" or similar title search on the vehicle prior to insuring it. If they don't ask you the question, "Is this a salvage vehicle?" you don't have to volunteer the information. If something were to happen to the vehicle and it became a total loss you could face fraud charges if you claimed more than you paid for the vehicle in an insurance claim.


How much should you get if your car is a total loss and has a clean title but a previous salvage title?

Respective of the Vehicles title condition, You are entitled to fair market Value. Basically this means you are entitled to the amount it would cost you to purchase the same or similar type and condition vehicle. when you say has a clean title but had a prior salvage title, i am assuming you mean that the vehicle was repaired and inspected by your state and deemed no longer a salvage title? if that is the case then there would be no additionaldeduction for the 'branded' or salvage title which can lower a vehicles actual cash value anywhere from 25-50% whether repaired or not.........more details and perhaps i could be of more assistance......


What is the salvage value of a 1994 Toyota Previa?

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What are your options when a car is totaled?

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What is the criteria to declare a damaged car a total loss?

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What is the difference between a salvage title and certificate of salvage?

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Banks that offer car loans for salvage titles?

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Can you insure an automobile with a salvage title in the state of Missouri?

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Do you need insurance to prior to rebuilding a salvage car?

No as long as you do not owe any money on the car and you are not going to drive the vehicle. Before you get into this project you need to be aware that you will not be able to purchase physical damage coverage on the car even when it is rebuilt. You will be able to purchase liability coverage after it passes a safety inspection by your state. At least that's the way it works here. All safety features must be installed just like it came from the factory including all airbags that came on it. The reason for this is that the vehicle is worth far less with a salvage title than a vehicle that has a regular title.


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Can a car with junk title be sold in California?

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If your car has a salvage title and is totalledstolen will the insurance company still pay blue book value?

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How can you find out the salvage value of a totaled car?

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Can i get full coverage on a salvage title in Missouri?

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What is a mortgage pre approval calculator used for?

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Why would show to have nonleaks prior to service?

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