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Heavy Salvage | How to Get Salvage Insurance in Your State

February 14, 2023

When it comes to obtaining salvage insurance in your state, there are a few things you must know before calling your local insurance company and starting the process. First, you can’t insure your heavy-duty salvage with a salvage title because commercial vehicles with salvage titles can’t be driven on the road. So before you start looking for insurance, you have to work on making your salvage vehicle “road ready” through the process of getting a rebuilt title. Each state has different procedures and guidelines for rebuilt title vehicles, so it is best to check with your state DMV before starting the process.

Most insurance companies will offer liability coverage for your rebuilt title commercial vehicle, meaning they won’t pay for any physical damage to the vehicle if there’s an accident. Even if you can get collision and comprehensive insurance, your policy may not cover the full value of your heavy-duty salvage if it’s totaled again. Keep in mind that insurance policies are typically more expensive for rebuilt titles than clean titles. Most insurance companies assume further issues will arise in rebuilt vehicles due either to poor workmanship or neglect in fixing necessary issues.

The process of obtaining salvage insurance in your state can often seem more challenging than covering a vehicle with a clean title. However, following these tips and tricks can help simplify the process:

1. Determine the type of salvage insurance you need

  • There are different types of salvage insurance, including transportation salvage insurance and construction equipment salvage insurance. Determining which type of insurance is best suited for your vehicle can help narrow down which insurance companies you will work with. Not every insurer will have the coverage you need for salvage insurance in your state, so doing some research beforehand can help save you time in your search.

    • 2. Shop around

  • Compare insurance policies from different insurance companies and get quotes. When it comes to salvage insurance in your state, policy quotes can be more expensive than clean title policies. So it’s important to shop around to find the best quote for your budget and the best-fit policy for you. Finally, make sure you understand the terms and conditions of each policy so you know exactly what you’re buying.

    • 3. Evaluate your coverage needs

  • Consider the value of the salvage you want to insure and the risks associated with it. This will help you determine the level of coverage you need for your heavy-duty salvage. With different insurance companies offering different coverage options for salvage, it’s important to know what your needs are to ensure that you choose the right policy.

    • 4. Read the policy carefully

  • Make sure you understand the details of the policy before you sign it. Pay attention to the deductibles, coverage limits, and exclusions. Once you have a good understanding of what your policy entails, choose the policy that best meets your needs. Once you purchase your salvage insurance policy, be sure to review it regularly to make sure it still meets your needs.

    • It's recommended to work with a qualified insurance agent or broker to help you navigate the process of obtaining salvage insurance. They can assist you in finding the right coverage and answer any questions you may have.

    Salvage Insurance | Heavy Salvage

    Heavy Salvage offers the industry’s most trusted system of buying and selling commercial salvage. We specialize in connecting verified buyers to certified sellers of wrecked or salvaged semi-trucks, trailers, equipment, or other heavy-duty specialty vehicles with insurance companies and certified sellers. Check out hundreds of certified salvages today.