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Flood-damaged cars that are considered a total loss by an insurance company should be re-issued a "salvage" title. This means the vehicle has suffered extensive damage, typically making it unsafe ...
Most people understand that buying a vehicle with any kind of branded title—a title that notes serious damage—comes with risks. What if a flood-damaged vehicle is sold with an unbranded title?
The title will typically have a stamp or marking indicating that the car has been salvaged or has flood damage. Asking about the title status of a vehicle is a good step in identifying whether the ...
Even once rebuilt and inspected, a branded vehicle must retain a permanent record of its traumatic past. Vehicle title branding is the use of a permanent designation on a vehicle's title, registration or permit documents to indicate that a vehicle has been written off due to collision, fire or flood damage or has been sold for scrap.
Grosman says flood-damaged vehicles will soon flood the market. “The vehicles, they get flooded. They clean them up really, really well. ... and the vehicle has received a “rebuilt” title. ...
Hurricanes Harvey and Irma left behind up to 900,000 flood-damaged cars that could re-appear on used car lots across the country. Here’s how to spot one. This was originally published on The ...