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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.
Vehicle title branding is the use of a permanent designation on a vehicle's title, registration or permit documents to indicate that a vehicle has been written off due to collision, fire or flood damage or has been sold for scrap . The designation or brand is mandatory in most provinces and states in North America when an insurer or vehicle ...
Salvage title vehicles have little value, especially if you decide to trade in your vehicle and get a new car later. A dealership isn't likely to accept a car with a salvage title due to the risks ...
The National Motor Vehicle Title Information System (NMVTIS) is an electronic system that gives valuable information about a vehicle's condition and history. NMVTIS allows consumers to find vehicle information such as title data, most recent odometer reading, history of make and model, and theft records, [1] but not maintenance or repair history or information about manufacturer recalls. [2]
Vehicle recycling or automobile scrapping is the dismantling of vehicles for spare parts. At the end of their useful life, vehicles have value as a source of spare parts and this has created a vehicle dismantling industry. The industry has various names for its business outlets including wrecking yard, auto dismantling yard, car spare parts ...
A title search ensures that there are no hidden claims on the property that could impact the ownership rights of the buyer. The search is typically performed by a title company or attorney and can ...
From Wikipedia, the free encyclopedia. Principle of maritime law. The law of salvageis a principle of maritime lawwhereby any person who helps recover another person's ship or cargo in peril at sea is entitled to a reward commensurate with the value of the property saved. Maritime law is inherently international, and although salvage laws vary ...
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