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Posts tagged "reconstructed title"

The Differences Between Salvage and Reconstructed Title

When a car becomes damaged to a point that the repair costs exceed a certain portion of the car's value, the car is considered a "total loss." The exact ratio of repair cost to vehicle value that is considered to be a total loss varies from state to state, but is generally at least 70%. When a vehicle is a total loss, the insurance company normally takes title to the vehicle and can sell it with a salvage title for a licensed body shop to rebuild.

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