salvage titles

Is Car Insurance Available for Salvage Title Vehicles?

Is Car Insurance Available for Salvage Title Vehicles?

May 10, 2023 | all 50 states

Auto insurance offers drivers financial protection and is available for a variety of vehicles and circumstances. Unfortunately, insurance is not available for vehicles that have been assigned a salvage title. Consolidated Automotive Services of Indiana has decades of experience providing dealerships and finance companies with title services, and yes, that includes salvage titles. Keep reading to find out how your customers can insure salvage title vehicles.What Is a Salvage Title?Vehicles that have been deemed a total loss by insurance companies are issued salvage titles. This means they cannot be legally driven on the road, which is why salvage title vehicles aren’t eligible for insurance. A salvage title vehicle must be completely rebuilt and pass an inspection to confirm all damage has been repaired and is, once again, safe to drive. If it passes inspection, the vehicle is then issued a rebuilt title.Car Insurance for Rebuilt TitlesWhile it’s possible to purchase … Continued

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3 Best Practices for Selling Salvage Title Vehicles

3 Best Practices for Selling Salvage Title Vehicles

March 7, 2022 | all 50 states

Salvage vehicles can pose a potential risk for any auto dealership. They can be difficult to sell simply due to the nature of their past condition. If three best practices to increase your salvage vehicle sales.

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3 Things You Can Do With a Salvage Title Vehicle

3 Things You Can Do with a Salvage Title Vehicle

December 16, 2020 | all 50 states

While salvage title laws vary according to the state you’re doing business in, they generally all work the same way. If a car is stolen, vandalized, or in an accident, and the insurance company deems the car’s value is less than the total amount of damage, it is given a salvage title by that state’s department of motor vehicles (DMV). If you purchase a salvage title vehicle from an auction or as a trade-in from a customer, what can you do with that salvage title vehicle? While there are several options available, take a look at the three options below, courtesy of Consolidated Automotive Services of Indiana.

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