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Title: Salvage...title questions Post by: 118811 on November 17, 2012, 05:08:42 PM Been coming across a lot of bikes on Craigslist here in Honolulu with "salvage" title..... Some say only cosmetic issues, scratched fairings etc.
My questions 1. Would an insurance co really salvage a title for cosmetics? 2. If a title has been salvaged...the bike has needs to be re certified to be sold & does the reason have to be stated on title & or paperwork? 3. Lastly how much of average does a Salvage title devalue a bike? Thanks all....& any other input appreciated!!! Title: Re: Salvage...title questions Post by: Howie on November 18, 2012, 12:40:06 AM Been coming across a lot of bikes on Craigslist here in Honolulu with "salvage" title..... Some say only cosmetic issues, scratched fairings etc. My questions 1. Would an insurance co really salvage a title for cosmetics? Yes, but don't be fooled, there may be hidden damage. 2. If a title has been salvaged...the bike has needs to be re certified to be sold & does the reason have to be stated on title & or paperwork? Each state has it's own rules. The requirements for for getting a reconstructed title differ from state to state. 3. Lastly how much of average does a Salvage title devalue a bike? Local markets rule, but I would say spend no more than half retail value. Collision and comprehensive insurance might also be a problem. Thanks all....& any other input appreciated!!! Title: Re: Salvage...title questions Post by: 118811 on November 18, 2012, 02:48:30 AM Thanks for the education Howie... [thumbsup]
Title: Re: Salvage...title questions Post by: Dry Martini on November 18, 2012, 12:15:04 PM Call your insurance company and ask them about insuring a bike with a salvage title. I know in S.C, State Farm will provide full coverage for a salvage title vehicle. I would not even have to get the title "cleaned up", though it would not be worth much to any perspective buyer down the road...
Title: Re: Salvage...title questions Post by: BlackdogGS on November 18, 2012, 10:09:28 PM Here: http://www.ducatimonsterforum.org/index.php?topic=59435.0 (http://www.ducatimonsterforum.org/index.php?topic=59435.0)
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