by c.myers.365 » Sun Apr 17, 2011 03:56 pm
I am looking at buying a 2002 Audi with a salvaged title, it was repaired and is in perfect condition, besides a pretty bad fender bender that would have to be repaired. My question is if I would be able to get full coverage or not? I have American family and live in North Dakota. Thanks!
Posted: Sun Apr 17, 2011 06:09 pm Post Subject:
You'd need to ask your carrier about this. Most won't ask/look at the title so I'd say most will insure it. However, as a general rule, vehicles with a salvage title are worth 25% less. If your vehicle is totaled out by the insurance company they will pay the value (value less 25%) but your the premium being charged will be based on the full value (non-salvage) of your vehicle. Should not be a big deal.
If you tell your carrier that the vehicle has a salvage title they may not want to insure it.
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