Car Buyers Can Get Totaled Car Data from Liberty Mutual and Carfax
It happens all across the country: people purchase used cars without realizing they were totaled in crashes, floods and other disasters. These buyers end up paying more than the car is truly worth, often face steep repair bills, and — most alarming — are driving potentially unsafe vehicles.
To protect consumers from this fate, Liberty Mutual, the nation’s eighth-largest car insurer, is providing the vehicle history company Carfax with its data on every car declared a total loss and sold for salvage for the past five years and going-forward. This information is then disclosed to the buyer on a Carfax vehicle history report.
“Varying state laws and a deceitful practice called ‘title washing’ allows salvaged cars to be sold without any documentation they were once totaled,” said Ted Gramer, Liberty Mutual executive vice president, Personal Claims. “In the aftermath of disasters like the recent Midwestern floods and hurricanes, consumers need added protection from increased fraudulent activity.”
Through the Liberty Mutual Rewards website, www.libertymutualrewards.com, Carfax is offering consumers a free flood check to quickly confirm if a vehicle they are interested in buying has ever been reported as flood damaged. Consumers also can purchase through the site a complete Carfax vehicle history report at a 25 percent discount.
Liberty Mutual says it is the first insurance company to offer this protection to consumers.
Liberty Mutual also supports the National Insurance Crime Bureau’s VINCheck buyer protection program. Consumers can input any vehicle’s unique 17-character identification number (VIN) at www.nicb.org to determine if a participating insurance company such as Liberty Mutual had previously declared the car a total loss.
Sources: Liberty Mutual
www.libertymutual.com
Carfax
www.carfax.com
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