My car is repairable, but the insurance company wants a salvage title and I can "buy" my car back from them . I want to keep my car, and I want to keep a clear title. The insurance company said it was a law that I get a slavage title. Help?
2006-07-12 08:04:06 · 3 answers · asked by TJ 2 in Cars & Transportation ➔ Insurance & Registration
You have a choice. Tell the insurance company to take their money back. Pay off the car yourself and then pay for the repairs yourself. Then you have the car and a clear title. The law for them clearly states that if the car has damage that exceeds 80% of the value of the car than they can "Salvage" it. When they do that the car can only be re-titled with a salvage title so that all subsequent purchasers of this car know that it has been heavily damaged. However you may do some research and discover the states where there is no salvage title requirements and go there to get the car registered. Seems a bit far fetched but it depends on how much the word salvaged means to you.
2006-07-12 08:16:50 · answer #1 · answered by yes_its_me 7 · 4⤊ 0⤋
I would call the Ohio dept of transportation. Specifically the title office. Or go to their website. They will be your best source since they issue titles.
2006-07-12 08:09:54 · answer #2 · answered by Mike Hunt 5 · 0⤊ 0⤋
yes if you purchase the vehicle back
2006-07-12 14:28:03 · answer #3 · answered by scooter 1 · 0⤊ 0⤋