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yes, to some degree. Any car with a salvage title, (in my opinion as a Broker) should NOT be on the road! Sorry to be so blunt.

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โˆ™ 2013-05-19 17:26:00
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Q: Will a salvaged title raise insurance rates?
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Can cosmetic damage be a salvaged title?

Yes, any condition that caused the car to be totaled by an insurance company could cause it to have a salvaged title. A good hailstorm can do thousands of dollars of cosmetic damage resulting in a salvaged title.


Can you put insurance on a salvaged title?

most insurance companies will insure a vehicle with a salvage title. As long as it is state certified.


Can a salvaged title car be financed?

Answerno.I have a car that is financed through a bank. I recently found out that it has a salvaged title and I am having problems with getting full coverage insurance. the bank along with me didn't know it was a salvaged title at the time so what can I do.


My car was totaled. it already has a salvaged title. what will the insurance pay?

It depends on many aspects, however since it already has a salvaged total it will be significantly lessened than if it didn't already have a salvaged title. Your insurance company should be able to give you specifics as to why they are offering what they do.


How does a salvaged title compare to a clear title?

a salvaged title on the car basically means the insurance company calimed the car as a total lost. either due to a major accident or theft. clear title means the opposite, the car has no problems on its history.


Why do title insurance company's ask if a new title insurance request ask if it is a refinance?

Title insurance rates vary depending on if the transaction is a purchase or a refinance


What if your car was hit and it has a salvaged title dose the insurance co have to pay you the value of your car?

Insurance is meant to get you back relatively close to where you were before the accident occurs. The states view of your title should have no bearing.


If a vehicle is wrecked then totaled and it has a lost title will this affect the insurance claim?

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.


Salvaged title finance in california. Is it law in California that a car having a salvaged title can not be financed through a banking or credit union Stuck in a rut?

There is no law against financing Salvaged Titles. It is just that most banks and credit unioins chose not to finance these vehicles. The problem is that there can be liability if the vehicle is for whatever reason unsafe, and you sometimes do not know why a vehicle was salvaged. It could be because of frame damage or other serious damage, or it could be for water damage (i.e., Katrina), or it could be that it was just stripped by a theif, and has been rebuilt and is perfectly good, but since it was totaled by the insurance company, it is "salvaged". Some lenders will lend against a salvaged title. But they will take off 40% of the value of the vehicle due to salvaged title. So if the vehicle is worth $10,000 as a regular title, a salvaged vehicle will be worth about $6,000. I believe SafeCo might be a source for insurance. Car Cash Loans in Los Angeles (www.CarCashAuto.com) will lend against salvaged titles, according to their representatives.


What is the title of the person at the insurance company that figures the rates?

An actuary.


What companies will insure salvaged title cars?

Many companies will but the policies vary from state to state even with the same insurance company.


How do you get a salvaged title out my name?

sell it.


If you bought a salvaged vehicle how do you get the title?

You can file for a lost title


Can you put full coverage insurance on a car with a salvage title car in Georgia?

I know of no insurance company in any U.S. sate that will give you full coverage on a salvaged vehicle.


Can a salvaged title be cleared?

Nope..salvage title will stay forever


Can you put full coverage insurance on a car with a salvage title car in Minnesota?

On every auto application, there is a question will ask: "Does the vehicle have a salvaged or branded title?" If this is the case, you will not be able to put full coverage, (comprehensive and collision coverage) on the vehicle. Sometime you can get special exceptions from your insurance carrier to get the full coverage put on if all damage was repaired. It is much harder to get full coverage on a salvaged title vehicle.


What is the advantage of customer to buy insurance from Chicago Title insurance Company?

The Chicago Title Insurance Company has a strong track record for providing solid escrow and settlement advice, reasonable rates on title insurance and dedicated agents for each client.


What is title insurance and do you need it when refinancing your home?

Title insurance is usually required by the lender to protect the lender against loss resulting from claims by others against your new home. In some states, attorneys offer title insurance as part of their services in examining title and providing a title opinion. The attorney's fee may include the title insurance premium. In other states, a title insurance company or title agent directly provides the title insurance. A Lender's Title Insurance policy is usually required when you are refinancing. If you have an Owner's Title policy already (you probably received it with your recorded deed) and can provide the title agent with a copy of it, you can very often get a reissue credit that will greatly reduce the amount of money this lenders title insurance policy will cost you. To save money on title insurance, compare rates among various title insurance companies. Ask what services and limitations on coverage are provided under each policy. In many states, title insurance premium rates are established by the state and may not be negotiable. Even if the premium rates are not negotiable, many of the title-related fees can vary from company to company and should be compared as well.


Can i get insurance and plates with a salvage title?

Yes. Getting insurance and plates with a salvaged title car should not be a problem. It shouldn't affect any of that... the only thing you need to worry about is if the place you got the car from properly fixed all of the problems on the vehicle.


What will your insurance company cover on your salvage title car if in an accident?

in most states, even if a salvaged vehicle has been repaired it is still a 'branded' title...and thus worth less.......in the states i work in a fully repaired salvaged title vehicle is worth anywhere from 30-50% less on a total loss, (reduces the actual cash value)........now, if salvaged vehicle say is worth 4k and damages are 1k, then they will repair the damaged portion......


I found a truck that is marked for destruction, its a 2006 perfect condition and I need a truck for my company. How can I get this truck?

You need to get a salvaged title , talk to whatever city you are in to get a salvaged title. The State will give you a salvaged title. Soil can turn black due to excess water that causes poor drainages.


How can you find out if your car has a salvage title?

The title itself will sate that the car is a salvaged vehicle.


How do you find out why a campers title is salvage?

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.


What is a salvaged title mean?

Car has been damaged and rebuilt.


Is it legal in California to ask full retail value for a salvaged title vehicle?

You can ask anything you want to for it. Whether you can get it is another matter. California law requires you to tell them it is a salvaged title vehicle. If you do not tell them you have committed fraud and are subject to fines and jail time.Note: a legal salvage title will indicate that the vehicle is salvaged!