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Upon paying the claim, the insurer may offer to return the vehicle to the owner as an insurance buy-back, in which case the owner is responsible for having the repairs made and having the car inspected by a State-designated facility. Depending on the state, this inspection may remove the salvage brand from the vehicle's title. [8]
A deterrent to auto theft: If a vehicle is a complete loss due to an accident, its serial number (VIN, Vehicle identification number) and registration documents could still be of potential value to persons dealing in stolen cars. The diminished sale value of a title branded vehicle reduces the profitability of switching the registration and VIN ...
In some cases, when the car has become disabled in a place where derelict cars are not allowed to be left, the car owner will pay the wrecker to haul the car away. Salvage yards also buy most of the wrecked, derelict, and abandoned vehicles that are sold at auction from police impound storage lots, and often buy vehicles from insurance tow ...
The Duesenberg was sold to Tom Monaghan, founder of Domino's Pizza and then owner of the Detroit Tigers. [2] The Kruse family is also noted for conducting the $41 million sale of the famous William F. Harrah automotive collection. The sale of this 1,000-car collection was spread over three auction sessions in 1985, 1986 and 1987.
The George W. Davis Motor Car Company made Davis brand automobiles in Richmond, Indiana, from 1908 to 1929. [1] George W. Davis was born in Randolph county, Indiana on October 20, 1867, one of ten children in his family. [2] When he was 18 years old, he went to work in a carriage and harness shop in Winchester, Indiana.
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In the eastern Indiana town of Winchester, a retirement community in the south of town was near the direct line of the storm. Resident Romona Platt, 81, grabbed pillows and ran into her bathroom.
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