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How do you find who or what insurance Co salvaged a specific car?In: Auto Insurance |
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Answer
To determine who put the salvaged vehicle back on the road you will need to do a title history search.
Insurance Companies never salvage a totaled out vehicle. They may sometimes retain salvage rights but this is for the auction of usable salvage parts from a vehicle and it's scrap metal value for auction.
Once the vehicle is auctioned for it's parts and scrap value the insurance company has no control over what the buyer will do with it. Often unscrupolous buyers will purchase several vehicles of the same type and use 2 or 3 of them to make major repairs that can never bring the vehicle back to specs and resell the resulting vehicle. This is how grey market vehicles wind up back on the road.
Insurance companies consider salvaged vehicles as unsafe and a danger to the motoring public. This is why most insurers will not offer coverge for salvaged or "Grey Market" vehicles. although some insurers will offer liability only.
First answer by Insurance Plus. Last edit by Insurance Plus. Contributor trust: 254 [recommend contributor]. Question popularity: 46 [recommend question]
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