Coverage & Claims

Will gap insurance pay out if I buy the salvaged vehicle from the insurance company?

Your gap coverage should still cover the $2,000 owed on the loan regardless of what happens after that. I would definitely check directly with your insurance company to make sure there is no stipulation that prevents this if you choose to buy back the salvage title. If you have any questions, feel free to ask.

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Car Insurance Costs

My daughter totaled her car while she was covered under my insurance. How does this affect my rate?

If your daughter was the listed driver and the accident was logged correctly, most companies won't charge that against you. If you are looking to switch insurers and her accident comes up on your claims history, I would obtain proof or confirmation from that company that the claim wasn't yours so it can be cleared.

Coverage & Claims

My insurance company wants to deem my car totaled. Can this be disputed?

Typically, an insurance claims department will do whatever ends up the cheapest for them. Unfortunately, they will almost never negotiate the claim type or even how they pay out on it.

General Insurance

Can I get insurance for a car with an accident report?

Yes, you can buy a vehicle that has been in an accident. If the car has a salvaged title, you may not be able to add "full coverage" (comprehensive and collision coverage) so make sure to check with the company you decide to go with.

Coverage & Claims

Does a salvaged title for a car affect its value?

Having a salvaged title can be tricky when you are wanting to add coverage for physical damage (comprehensive and collision). Many companies will not insure the car with comprehensive and collision because of the very definition of a salvaged title: the car has been considered a total loss, meaning the damage to the car costs more than what the car was worth.

General Insurance

Will the insurance company total my truck?

It's difficult to say what any insurance company will do. But insurance company tend to total a vehicle if they repair cost (determined through an adjuster) is greater than the value of the vehicle (actual cash value, not what you paid for it).

Eligibility

Can salvage title vehicles be insured?

Insuring a salvage title vehicle is not impossible, however, you will probably run into companies that flat-out won't provide coverage for that type of vehicle. Your best bet is to let the agent providing a quote know that the vehicle is salvaged so you don't waste your time.
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