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Brian Said:

If I get into an accident (salvage / rebuilt title) how much of my cars worth will the insurance company pay?

We Answered:

If the vehicle is declared a 'total loss' you are entitled to market value of your car prior to the loss. So...how much is a car with a salvage title worth? Answer: way, WAY less than another used Eclipse with a clean title. After all, why did YOU buy it? Answer: because it was cheap. No one in their right mind will pay book value for a rebuilt automobile, no matter how much you have 'fixed' it up. Custom parts and accessories add nothing to the value. Sorry.

Paul Said:

how much is home title insurance?

We Answered:

Yes it makes sense and is a necessary expenditure

Wallace Said:

What is title insurance?

We Answered:

1. Title insurance is a type of insurance purchased by persons who have some sort of interest in a piece of real estate, i.e., most commonly, owners ("fee" insurance) or lenders ("mortgagee's" insurance) who take a lien on that real estate as collateral for the loan. A premium is paid only one time.

2. Its purpose is to protect the insured against flaws in that interest.

Examples of flaws are:

a. unpaid prior mortgages,
b. mechanics' liens, and,
c. missing deeds in the prior chain of ownership.

When a third party makes a claim against the owner of the piece of property, the company will either:

a. pay off the claim,
b. buy the property from the insured, or,
c. if the insured is a lender, pay the balance due on the loan and in exchange will require that the insured turn over to the company all of the insured's rights.

3. Premiums:

See the following web page for mortgage insurance rates for a certain area of N.Y. State:

http://www.crossroadsabstract.com/title-insurance-rates-zone1.html.

4. Currently, all banks will require that the borrower using real estate as collateral will require that the borrower buy a mortgage title insurance policy, protecting the bank up to the amount of the loan. Such insurance protects only the lender, not the borrower. At the time of the loan closing, the borrower can also purchase a fee policy, and can do so, this one time, at a reduced combined premium.

Lenders can make, as a condition of loaning money, the borrowers pay for mortgage insurance.

(Occasionally, a bank already holding a mortgage, may advance additional funds [called a home equity loan] and will only require that its lawyer review an abstract of title/title search, but not a second mortgage title insurance policy.)

The borrower/buyer is not required to purchase owner's insurance, but if they can afford the extra premium, it is money well spent.

When a title insurance policy is ordered, the company will first issue a title "report". The report contains all of the instances in which coverage will NOT be provided. It is therefore advisable to have an experienced person review that report.

Tracy Said:

How and how much for car inspection, title, insurance, and tags?

We Answered:

I can only answer your last question per say. Buuut. You can't. You have to either sneak it unto your property, if they can't wait, or just wait until you can legally drive it. But it's best to go to your DMV, get a 3 day temp an work your but off in those three days to make it able to pass inspection. When it's done inspection you can get your tag. Etc. Money wise it depends on where you are. Around here tags are 35, new plates (if needed) are 50 (custom), inpection kind of depends on the car. I it's still under warranty you can bring it to the dealer (Saab, Honda) and it free. Otherwise. Usually 70 ish. Title I've never done before. But add a detail saying where your from. I'm up in Vermont.

Derek Said:

Is it worth buying a honda civic ex with a repaired title? how much it it priced? will my insurance be higher?

We Answered:

I'm in Canada (not sure where you are) but here, legally you need to disclose if it's been in an accident with damage over 2000$. So what it could be is that the car was rear ended or something, and had to have it fixed. You;d need to talk to your insurance company as to whether or not it would change the cost of insurance, I really don't know. If the car isn't a rebuild, (totalled in an accident, and then rebuilt) I don't think that it would. Definitely check though.

As for the car, I drive a 2000 Civic (sedan, not a hatchback) and I absolutely love it. Is it 27000 miles or kilometers? If it's miles, that seems really high to me (over 43000Km) for a car thats only 2 years old... especially when you figure that under normal driving conditions you only put on about 12000km a year. Maybe find out if it was a commuter car (so it most of the mileage was highway vs in town).

In canada, a car like that would be around the $10 000 mark, (depending on the overall conditions, optrions, etc) but everythings cheaper in the states, so I'm not sure what it would go for there.

good luck!

Deanna Said:

How much would insurance be on a 16 year old boy teenager for a 1994 BMW 3-series with four doors?

We Answered:

Help yourself - you can check your quotes in internet, for example here - car-insurance.22web.net