Title Question
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Team Owner
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From: Calgary, AB. There's a reason why white was the only color offered on every year Corvette. Proud Canadian German Jamaican!
St. Jude Donor '09, '12-'13-'14-'15-'16-'17
Title Question
Hey ppl, a quick question for all you Americans 
What is the difference if any between a "Salvage Title" and a "Flood Title"? Can there be one without the other? Thanks guys/gals.
What is the difference if any between a "Salvage Title" and a "Flood Title"? Can there be one without the other? Thanks guys/gals.
Team Owner
Joined: Sep 2003
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From: Raleigh / Rolesville NC
Salvage title is a crash repaired titled. More then 50% damage for a corvette and most insurance companies
Flood title, car has been flooded out and purchased back by the insuracne company, then resold.
I think this is what they are
Flood title, car has been flooded out and purchased back by the insuracne company, then resold.
I think this is what they are
Thread Starter
Team Owner
Joined: Jul 2006
Posts: 97,155
Likes: 1,471
From: Calgary, AB. There's a reason why white was the only color offered on every year Corvette. Proud Canadian German Jamaican!
St. Jude Donor '09, '12-'13-'14-'15-'16-'17
Will a car with even the slightest bit of flood damage be given a flood title or does the damage have to exceed 50% of the car's value?
Le Mans Master
Joined: Feb 2003
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From: The line waiting to see Santa Claus stretched all the way back to Terre Haute, and I was at the end, Indiana
St. Jude Donor '08-'09-'10-'11-'12-'13-'14-'15-'16-'17-'18
Those designations apply ONLY if the insurance company "purchases" the car. In other words, there is a title change. In many states, you can purchase the car after settlement. If you do so, you will still have a "clean" title.
I did this twice with an '86 Mazda pickup. It was hit two times and both times it was "totalled" by insurance, and I bought it back from the insurance company. Once for $350, and the last time for $200. The last time, they paid $1200 on the value, I bought it for $200, took it to the local technical school for them to rebuild (free labor). I found most of the parts in a salvage yard for $300, and bought the paint and a few new pieces for $150. Deduct the $650 from the $1200 = $550 ahead, and I kept the title. Drove it for three years and sold it for $995.
I did this twice with an '86 Mazda pickup. It was hit two times and both times it was "totalled" by insurance, and I bought it back from the insurance company. Once for $350, and the last time for $200. The last time, they paid $1200 on the value, I bought it for $200, took it to the local technical school for them to rebuild (free labor). I found most of the parts in a salvage yard for $300, and bought the paint and a few new pieces for $150. Deduct the $650 from the $1200 = $550 ahead, and I kept the title. Drove it for three years and sold it for $995.
Team Owner
Joined: Sep 2003
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From: Raleigh / Rolesville NC
Originally Posted by themonk
Will a car with even the slightest bit of flood damage be given a flood title or does the damage have to exceed 50% of the car's value?
the ECBN is 1500, wiring harness 1000 and 2500 in labor, so flood damage can only be a few thousand dollars.
Flood damage cars can be a bust or a bargin, depeding on you skills to fix them.
I would be a flood damaged car in a heart beat.
