Wednesday, March 2, 2011

Salvage Title on a car?

Ok here is the deal.. Someone backed into my car causing minor damage to the plastic underneath and cracked the bumper cover... Their insurance company accepted 100% liability. They have informed me they are considering it a total loss. My car is a 2000 year model and in great shape (other than the minor damage cause by the accident) but they said it will cost more to fix than its worth. It is totally drivable. So they came back and stated they would give me X amount and I chose to keep the car minus the salvage fee. Ok my question is, can I still drive it? My insurance company stated they will continue to carry the insurance on it. Beings its a total loss do I need to get a salvage title? They are in no way asking me for my title with only my name on it so do I need to do anything thing with the title I have? And does that mean I don't have to do anything with the title other than when I go to sell it?

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