2006-07-01 08:35:22 · 9 answers · asked by mh030 1 in Cars & Transportation ➔ Insurance & Registration
And if you do get a lawyer, he can take 40% of that next to nothing the insurance company will pay you for your vehicle. In all honesty however, I doubt any lawyer would take your case for property damage only on a vehicle with a salvaged title. They know better, and know they won't make any money.
If you're paying for comprehensive/collision on your vehicle, get rid of it... your insurance company assumes that you have a car with a clear title & is charging you correspondingly. Just take out a liability only policy and cut your losses if something happens to your vehicle. I can't imagine you paid too much for it anyway. Most companies won't even allow you to insure a vehicle with a salvaged title with anything but liability coverages.
It is up to the adjuster to determine the value of your vehicle, as there's no set formula to determine the value of a salvaged vehicle. It also depends on why the vehicle was issued a salvage title. If it was a previous total loss due to an accident or a fire, chances are it's worth VERY little and might not even be safe to drive in. If it was a recovered theft, there might not have been much damage... and the vehicle might be more valuable.
Without more information, it's hard to say. But I would strongly suggest you remove any coverage you have on your vehicle and go down to a liability only insurance policy.
2006-07-01 13:23:50 · answer #1 · answered by ezlndylan 2 · 0⤊ 0⤋
Salvage, depending on how bad the damages are, typically range from 5-15% of the cars total value prior to the accident. Many times, salvage is only $500-$1500. It depends on the vehicle and where it was hit that caused it to be totalled.
2006-07-02 20:27:19 · answer #2 · answered by Pucci88 2 · 0⤊ 0⤋
A salvaged car has NO value whatsoever. The VIN number of that vehicle is already recorded at your state's DMV office as a salvaged vehicle. Insurance companies can obtain this information for coverage purposes. Most insurance companies will not cover a salvaged car.
2006-07-11 00:40:07 · answer #3 · answered by bobby 6 · 0⤊ 0⤋
It is all relative to the value of the car in the first place. But you ask an insurance company and they will tell you nothing. Get a lawyer if you do get into an accident as the insurance company truly will give you next to nothing.
wanderer
2006-07-01 15:42:59 · answer #4 · answered by wanderer 2 · 0⤊ 0⤋
usually a salvage car has no value.or it is aleast 1/2 the value of the car
2006-07-09 02:50:29 · answer #5 · answered by pmj176 2 · 0⤊ 0⤋
50% of the value of a car that is not damaged and the same year and model of the salvaged car .
2006-07-02 20:01:26 · answer #6 · answered by chucky 2 · 0⤊ 0⤋
sorry a salvaged car cannot be insured well only liability not full coverage
2006-07-14 20:09:13 · answer #7 · answered by Suasana L 1 · 0⤊ 0⤋
If it's covered at all, the blue book value before the accident adjusted for condition. If the other party is at fault, you are covered. If you have collision, you are covered, less your deductible.
2006-07-13 22:28:26 · answer #8 · answered by oklatom 7 · 0⤊ 0⤋
Not sure it ... the adjuster that handles your case decides that.
but I'm sure they will take into consideration the condition of the
car + depreciation
2006-07-01 15:42:21 · answer #9 · answered by Yvett 2 · 0⤊ 0⤋