Back to Blog
Tag and title6/29/2023 ![]() The vehicle owner's insurance company will determine the amount of damage to the vehicle.Ī regular vehicle title is replaced with a salvage title. A vehicle becomes "distressed" when one or more major component parts have been wrecked, destroyed, damaged, stolen, or are missing to the extent that the total estimated damage is from 75% to less than 91% of its pre-damaged cash value. ![]() A Michigan title is not issued in this case and the out-of-state title remains the ownership document.Īll listed owners on the title must be present and provide their valid license or ID in order to change or correct the title.Ī salvage title is issued for a vehicle that has become a "distressed vehicle". The Michigan Department of State will issue a Foreign Ownership-Registration Only registration – also known as a memo registration - for your vehicle.
0 Comments
Read More
Leave a Reply. |