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What happens to a title loan if the automobile is totaled in an accident?
Wiki User
∙ 11y ago
you pay money
Wiki User
∙ 11y ago
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What happens if you Car title loan in default and car is totaled?
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
Do you sign on the back of the title for a totaled car?
usually
What happens your car is totaled?
If you have the proper insurance or you were hit by someone you will surrender the car and the title to the insurance company and they will pay you the actual cash value of the car before it was hit.
Will you be liable if you co-sign an automobile loan and your name is not on the title if the automible is in an accident?
Well, you'll be liable for the loan, but that's about it, unless you had something to to with the so-called "accident" (which is rarely accidental, and more often the result of negligence).
What are the requirements to turn a salvaged title in Utah to a clean title?
When an automobile is issued a salvage title, the automobile can never get a clean title. The salvage title will always remain with the vehicle.
Can a totaled car be fixed?
It depends on why it was totaled. If it's cosmetic damage that totaled the car (like a shallow sideswipe) of course. If it's structural, like frame damage, maybe. If it was in a flood, it's probably not a good idea to fix it since quirky electrical problems will haunt the car forever. If it is repaired it would still carry a totaled title but it can be qualified with the brand 'totaled/reconstructed' on the new title.
Hi you were in an accident two years ago your car had front end damaged that was fixed professionally by a reputable dealer your vehicle runs and looks like new Is your car still a salvage vehicle?
Once a salvage title is given to a car it remains a salvage or totaled/reconstructed car. It will never legally have a clean title again. This assumes the damage was reported to an insurance company and they totaled/paid out on the car.
Can a totaled motorcycle be insured again?
yes it is called a salvaged title
Can you insure a car that has been totaled?
Not while still "totaled". Since everything is tracked by the VIN# you won't be able to insure a totaled vehicle until such time that it's made roadworthy and has a reconstructed title.
Can you clear a salvage title in New Jersey?
no because you just can't do it without promtoin
Can you send totaled car title to insurance company with no buyer signature?
You could obtain a duplicate title from the DMV.
What happens if your car is totaled and you have full coverage?
You will get actual cash value for the car and will sign the title and car over to the insurance company, unless you wish to buy it back for a reduced payout.
