Ads
related to: does allstate insure salvage titles
Search results
Results From The WOW.Com Content Network
What does salvage title mean for insurance? A salvage title car is a car that has been declared a total loss by an insurance company. To be declared a total loss, the vehicle must be damaged to ...
When an insurance company deems your vehicle a total loss, you may receive a salvage title. This car title indicates that your vehicle has been badly damaged, usually after a major auto accident.
In the state of Michigan, the issuance of a salvage title does not mean that the vehicle is also deemed a total loss. [6] Michigan issues a salvage title when the damage equals 75-90% of the pre-damage value; if the loss is 91% or greater the vehicle is eligible only for a "scrap" title, which cannot be subsequently upgraded by any means.
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
Allstate's slogan "You're in good hands" was created in the 1950s by Allstate Insurance Company's sales executive, Davis W. Ellis, based on a similar phrase he used to reassure his wife about a doctor caring for their child.
If your insurance company decides your car needs a salvage title, your vehicle may be unsafe or difficult to keep due to damage or little financial value.
Ad
related to: does allstate insure salvage titles