"Salvage Titles
A salvage title is issued for a vehicle that has become a "distressed vehicle". A vehicle becomes "distressed" when one or more major component parts (such as bumpers, fenders, transmission, engine, hood, doors, frame, tailgate, body, etc.) have been wrecked, destroyed, damaged, stolen, or are missing to the extent the total estimated damage is from 75% to less than 91% of its pre-damaged cash value. The vehicle owner's insurance company will determine the amount of damage to the vehicle. The regular title is replaced with a salvage title.
Insurance Companies
An insurance company acquiring ownership of a late-model distressed vehicle
through payment of damages must apply for an original salvage title using an Application for Original Michigan Salvage Title (TR-12) form.
•If the insurance company takes ownership of the vehicle, the insurance company applies for the salvage title in its name.
•The insurance company
may allow the owner to keep the salvage vehicle if the owner wants it. In this case the title is not transferred to the insurance company. Instead, the insurance company applies for the salvage title in the vehicle owner's name. The insurance company completes the application but the vehicle owner must sign the TR-12. The owner's "regular" title should be submitted with the application for a salvage title."
http://www.michigan.gov/sos/0,1607,7-127-1...76323--,00.htmlwhat I do not understand is the IMO contradiction in the below....
http://detroit.craigslist.org/okl/cto/5142993217.html"Title is clean due to minor damage
all it needs is a fender and door plus paint"
“Also before the accident, when I jack up the car the passenger door opens
Leaves the impression the longs are not totally solid”
as to salvage?? what is the cutoff with the insurance co.
what % of the insured value in repairs before they total?