Virginia Code § 46.2-1600 provides definitions for key terms related to motor vehicle laws, including actual cash value, salvage value, demolisher, and auto recycler. These definitions help clarify the legal language used throughout the chapter, ensuring consistent understanding of vehicle valuation, salvage, and related activities.
It refers to the retail cash value of a vehicle before damage, determined by an insurance company or the Department if no insurer is involved.
An auto recycler is any licensed person engaged in salvage, rebuilding, demolishing, or scrap metal processing related to vehicles.
It is the additional amount paid by an insurance company to compensate for the reduced value of a vehicle after damage and repairs.
A demolisher is a person whose business involves crushing or reducing a vehicle to a non-vehicle state, such as shredding or flattening.