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Salvage title

In North America, a salvage title is a form of vehicle title branding, which notes that the vehicle has been damaged and/or deemed a total loss by an insurance company that paid a claim on it. The criteria for determining when a salvage title is issued differ considerably by each state, province or territory. In a minority of states and Canadian provinces regulations require a salvage title for stolen or vandalized vehicles which are not recovered by police within 21 days. In such cases Insurance companies declare a vehicle total loss and pay off the previous owner;[1] but, in others, it is issued only for losses due to damage. Under some circumstances, a salvage title denotation may be removed or replaced with a Rebuilt Salvage designation;[2] and cars imported to, or exported from, the United States may be issued a clean title regardless of history. Because a salvage title can be issued to a vehicle with easily repairable problems or no damage whatsoever, the low cost of the salva... (see more)