3 Things To Know When Insuring A Vehicle With A Salvage Title
Purchasing a vehicle with a salvage title can be a good move in some cases; for example, it could be a good way to buy a nice vehicle for a fraction of what you would pay for it otherwise. In other cases, you might own a vehicle that is "totaled" in an accident but might find that having it repaired is a good move for you. In either case, one thing that you have to worry about is insuring the vehicle. These are a few things that you should know if you are going to be insuring a vehicle with a salvage title:
1. You May Have to Go Through a Specialty Insurance Company
First of all, you should know that some insurance companies do not offer coverage on vehicles with salvage titles. For example, even if you have been with the same insurance company for a long time, you might find that your insurer will deny coverage on your car. It doesn't hurt to get quotes from a few of the big-name companies, but you might find that you will have to look for a specialty insurance company if you are having trouble securing coverage.
2. Your Vehicle May Need to Be Inspected
Another thing that you should know when insuring a vehicle with a salvage title is the fact that you may need to have the vehicle inspected by someone from the insurance company before you can get coverage. An insurance adjuster might look at the vehicle to make sure that it has been properly repaired, for example. Other companies might not require an actual inspection but may require you to submit paperwork from your mechanic to help prove that the vehicle is in safe, driveable condition.
3. You May Not Be Able to Get Full Coverage
Even if you find an insurance company that is willing to provide coverage for your car, you might only qualify for liability, which is required in order for you hit the road. You may not be able to insure the vehicle with comprehensive or collision insurance. This means that you will be the one who has to pay out of pocket if your vehicle gets damaged and needs repairs.
Even though it's certainly possible to find car insurance for a vehicle with a salvage title, it can come with some challenges. If you are prepared for these things, however, you can help ensure that you find insurance for your vehicle. Check out a website like http://www.crowelinsurance.com for more information and assistance.