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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 ...
The National Highway Traffic Safety Administration says it’s legal to resell flood-damaged cars if the defect is noted on the title, the vehicle has been rebuilt, and the vehicle has received a ...
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.
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.
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 ...
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