Insurers Offer Some Info on Totaled Vehicles to Fight Title Fraud
Insurers Offer Some Info on Totaled Vehicles to Fight Title Fraud
The National Automobile Dealers Association—a leader in the fight for total-loss vehicle disclosure—today applauded the efforts of the National Insurance Crime Bureau (NICB) for creating a new Web-based service with total-loss data for consumers.
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The NICB’s VINCheck allows consumers to check five vehicles per day—one VIN at a time—for reports of severe damage, flood, or theft. The Web site includes mostly insured vehicles, but lacks access to the records of self-insured vehicles, rental fleets and insurers who are not NICB members.This information, available to consumers via a limited Web-database, gives consumers the ability to check whether a vehicle has been severely wrecked, flooded or stolen. NADA continues to seek further transparency—through support of total-loss legislation in Congress—by urging insurers to make this same total-loss information commercially accessible to vehicle history providers so that dealers, vehicle wholesalers, auctioneers, and remarketers of used cars can provide another layer of protection for consumers.
+ VINCheck
NICB’s VINCheck is a service provided to the public to assist in determining if a vehicle has been reported as stolen, but not recovered, or has been reported as a previously declared total loss vehicle by cooperating NICB members. To perform a search a Vehicle Identification Number (VIN) is required. A maximum of 5 VINCheck searches can be conducted within a 24 hour period.
Source: NADA/NICB