by Guest » Tue Sep 11, 2012 12:39 pm
I have arranged to buy a car with a salvage title. I have heard that insurance companies can refuse coverage on rebuilt cars. Is that true? Again, apart from the minimum coverage, which form of coverage is a must for this kind of car?
Posted: Tue Sep 11, 2012 12:45 pm Post Subject:
They usually don't refuse coverage as they never ask to see the title. However, if you add comprehensive and/or collision coverage they will charge you a premium based on the full value of the vehicle. If you have a total loss they will only pay you around the value less 25%.
Posted: Wed Sep 12, 2012 10:09 am Post Subject:
which form of coverage is a must for this kind of car?
Whatever the minimum insurance requirement is for your state. That's "a must".
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