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November 15, 2005
Scam Alert: Check Free Databases for Hurricane Damaged Vehicles
With as many as 500,000 vehicles destroyed in the aftermath of the hurricane season, consumers are urged to research vehicles to see if they might be buying a previously "totaled" vehicle.
There are three online databases consumers can use to enter a Vehicle Identification Number [VIN] to see if an automobile was declared a total loss by an insurer, all free of charge.
The National Insurance Crime Bureau [NICB] has one, as does Carfax and Experian Automotive.
Insurers are taking extreme measures to help avoid the vehicles being sold to unsuspecting consumers, according to the Wall St. Journal.
Progressive and Allstate are scrapping vehicles they declared total losses, and State Farm is retaining possession of vehicles they likewise declared.
Posted by Frank at November 15, 2005 9:48 PM | Filed under Auto News