There’s a lot of a grey area where auto auction cars and insurance are concerned. It isn’t as black and white as the myth makes it sounds. While we are debunking car auction myths, let us also debunk this one. Getting comprehensive insurance coverage for a wrecked or salvage car is unrealistic.
No insurance company is going to provide complete coverage to a vehicle that they have termed as irrecoverable. However, once you make essential repairs and get the vehicle to clear road safety tests, getting basic insurance is effortless. In fact, if properly restored, you can even obtain personal liability and property damage coverage as well.
With a salvage or wrecked car, you may be losing out on collision insurance out of fear of structural damage. However, this again depends upon the car, nature of repairs as well as the reason for the salvage title.
If the car was stolen and recovered after the insurance company paid it in full, then it earns a salvage title but is essentially in ideal working condition. You may be able to bargain your way into getting comprehensive coverage for such a vehicle. At the end of the day, it all depends upon your expertise and negotiation power.