TM buy back from insurance

[Bailey'sMom]

Originally Posted by Padgett

Exactly, each state is different.

At least this is how it works in Florida.

ps there are actually two forms of salvage title here: salvage rebuildable (rare) and salvage COD (certificate of destruction). With a COD the vehicle can never be licensed and can only be sold three times before being dismantled. This is the most common form because it is the least expensive.

As I said and Padgett reiterated, every state is different. Wisconsin actually has about 18 different types of "brands" that can be placed on a title. Each one means something different and has different consequences. Wisconsin actually has a separate "brand" for hail damage.

And yes, title conveys ownership. But it also gives additional information about that property in the case of a branded title.

Always best to know how it works in your state prior to making a decision on what to do.