Virginia law allows vehicle owners to declare their vehicle as salvage and obtain a salvage certificate. Insurance companies must also apply for salvage or title certificates when acquiring vehicles through claims, especially for unrecovered stolen vehicles, with specific procedures and fees outlined.
Vehicle owners in Virginia can apply to declare their vehicle as salvage and obtain a salvage certificate. Insurance companies must also apply when acquiring salvage or stolen vehicles through claims.
The Department may charge a $25 fee for processing an application accompanied by an affidavit, in addition to any other applicable fees.
Yes, insurance companies or their agents must apply for a certificate of title for each stolen vehicle acquired through the claims process, provided the vehicle is titled in Virginia.
The Department may accept an application with an affidavit explaining the efforts made to obtain the title and, if satisfied, issue a salvage certificate to the applicant.