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What happens if you Car title loan in default and car is totaled?

Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.


Do you sign on the back of the title for a totaled car?

usually


What happens your car is totaled?

If you have the proper insurance or you were hit by someone you will surrender the car and the title to the insurance company and they will pay you the actual cash value of the car before it was hit.


What are the requirements to turn a salvaged title in Utah to a clean title?

When an automobile is issued a salvage title, the automobile can never get a clean title. The salvage title will always remain with the vehicle.


What if you have a salvage title and you get in another accident and its totaled again?

If you have a salvage title and your vehicle is totaled again in an accident, the insurance company will assess the car's value based on its salvage status. You may receive a lower payout compared to a vehicle with a clean title, as salvage titles indicate that the vehicle has previously been deemed a total loss. Additionally, the process for rebuilding or re-titling a salvage vehicle can be more complicated, often requiring inspections and documentation to restore it to a drivable status. It's essential to check your state regulations regarding salvage vehicles for specific procedures.


Will you be liable if you co-sign an automobile loan and your name is not on the title if the automible is in an accident?

Well, you'll be liable for the loan, but that's about it, unless you had something to to with the so-called "accident" (which is rarely accidental, and more often the result of negligence).


Can a totaled car be fixed?

It depends on why it was totaled. If it's cosmetic damage that totaled the car (like a shallow sideswipe) of course. If it's structural, like frame damage, maybe. If it was in a flood, it's probably not a good idea to fix it since quirky electrical problems will haunt the car forever. If it is repaired it would still carry a totaled title but it can be qualified with the brand 'totaled/reconstructed' on the new title.


Can a totaled motorcycle be insured again?

yes it is called a salvaged title


Hi you were in an accident two years ago your car had front end damaged that was fixed professionally by a reputable dealer your vehicle runs and looks like new Is your car still a salvage vehicle?

Once a salvage title is given to a car it remains a salvage or totaled/reconstructed car. It will never legally have a clean title again. This assumes the damage was reported to an insurance company and they totaled/paid out on the car.


Can you insure a car that has been totaled?

Not while still "totaled". Since everything is tracked by the VIN# you won't be able to insure a totaled vehicle until such time that it's made roadworthy and has a reconstructed title.


Can you clear a salvage title in New Jersey?

no because you just can't do it without promtoin


Can you send totaled car title to insurance company with no buyer signature?

You could obtain a duplicate title from the DMV.