When a vehicle gets a salvage title, it means it’s seen better days, often due to significant damage or theft. This label affects everything from auto insurance to resale value, presenting a set of unique challenges and considerations for owners. Understanding the implications of a salvage title is crucial for anyone considering buying or insuring such a vehicle. Understanding What a Salvage Title Means A salvage title is assigned to a vehicle that has been deemed a total loss by insurance companies due to damage or theft. This designation occurs…
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Auto insurance fraud crackdown planned in Michigan
The state intends to expand its efforts to put a stop to fake coverage certificates. According to Ruth Johnson, Secretary of State, she and law enforcement in Michigan are working together with the auto insurance industry in order to considerably expand crackdown efforts on fake certificates that are being used to obtain vehicle registrations. The fraud that was discovered by Johnson and her department had a staggering rate of 16 percent. Johnson explained that her department had found a 16 percent rate of auto insurance fraud within a single day…
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