What insurers offer salvage auto insurance?

3 months ago

Every year in the country there are 2.6 million car accidents, according to the Center of Experimentation and Road Safety of Mexico Do you imagine that someday you had a car accident and your car insurance was not in effect, or worse, you would not With a policy that protects or responds to you for damages?

When you are going to buy a car, whether new or used, you must be aware that it is mandatory to contract insurance with the minimum coverage established by the new traffic regulations, that is, the Civil Liability or also called Third Party Damages. In Mexico, only 30% of cars have insurance, according to the Mexican Association of Insurance Institutions ( AMIS ).

What are salvage cars?

Salvage cars are those vehicles that have had some damage, such as damage or total loss in an accident and / or have been reported as stolen, but which insurers have fixed completely to be able to resell them. When this happens the value of the car decreases considerably, so when you contract (and even more, when you USE) the insurance of a car of this type, take this into account.

For example, if you buy a salvage car and you have an accident, the insurer will only pay you 80% to 60% of the value of your car.Hence the importance of knowing if the car you are going to purchase is salvage or not.

Is there insurance for your salvage car?

When acquiring a car, you want to feel safe and protected in the event of an incident or mishap, it is an investment you have made and you seek to protect it from anything that may happen to you. When you buy a salvage car be very clear if the vehicle recovered is for theft or for repair of loss or damage, since that depends on the type of insurance offered by some insurers. You can get more information here donated car specials website.

This is an article written by a member of the SheKnows Community. The SheKnows editorial team has not edited, vetted or endorsed the content of this post. Want to join our amazing community and share your own story? Sign up here.

More from living

Living
by Colleen Stinchcombe | 3 days ago
Living
by Colleen Stinchcombe | 6 days ago
Living
by Sarah Landrum | 11 days ago
Living
by SheKnows Editors | 15 days ago
Living
by Nirupama Kumar Hecker | 16 days ago
Living
by Fairygodboss | 20 days ago
Living
by Justina Huddleston | a month ago
Living
by Colleen Stinchcombe | a month ago