Once a car has acquired a salvage designation, your options for insuring the vehicle become much more limited. For example, the title may say something like “Revived Salvage.” If the car is repaired - for example, by a dealer who specializes in redeeming salvage vehicles - the owner can apply for a new title, but the title will always carry a designation that the vehicle has been salvaged or rebuilt. ![]() Depending on the individual state, the car will then be issued a "salvage title" or "salvage certificate" that notifies any buyers that an insurance company has deemed the car a “salvage vehicle.”Ī salvage certificate means that the car cannot be sold, driven, or registered in its current condition. In most states, the car insurance company or the owner is required to notify the DMV that the automobile has been totaled. ![]() The amount of your insurance settlement, if any, will be determined by your auto insurance policy and your car’s actual cash value (the cost of the vehicle if purchased new, minus any depreciation). ![]() When an auto insurance company determines that the cost of the repairs (e.g., after an accident) is greater than the value of the car, they write the car off as a total loss.
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