salvage vehicle title transfer service - houston(Jersey Village, TX)

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. A vehicle with a salvage title cannot be plated or used on public roads until it is recertified by a specially trained police officer and retitled. Texas salvage titles are pink in color and list the vehicle's color and non-salvageable major component parts. Following is a list of current Texas title legends for previously salvaged vehicles: Clear Title A Clear Title is issued to a vehicle with no previous salvage notations, sub-brands or legends. Salvage A Salvage Title is issued to a vehicle that has been declared a total loss resulting from collision, theft, fire, vandalism, salt, flood or other occurrence. Salvage Titles are broken down into two categories: Repairable A Repairable Salvage Title is issued to a vehicle that has been declared a total loss but can be repaired. This title type requires at least one sub-brand of collision, theft, fire, vandalism, salt, flood or other. Parts-Only A Part-Only Title is issued to a vehicle that has been declared a total loss and also unrepairable to due extensive damage. The vehicle can never be re-titled or registered in Texas. A Parts-Only Title does not require a sub-brand. Rebuilt A Reconstructed Title is issued to a vehicle previously titled as Salvage-Repairable, has been repaired and has passed a salvage inspection. This title requires at least one sub-brand of collision, theft, fire, vandalism, salt, flood or other. Recovered Theft A Recovered Theft Title is issued to a vehicle previously titled as Salvage-Repairable with a theft sub-brand. These vehicles must have minimal damage. This title always requires the sub-brand of theft and may also have other sub-brands if applicable. Owner Retained An Owner retained title is issued when an insurance company deems a vehicle to be a total loss and the owner chooses to retain possession of the vehicle. The vehicle must have an active registration and be capable of being legally driven. NOTE: Vehicles with only flood damage may be titled as salvage vehicles. Motor vehicles, motorcycles, trailer coaches, and titled trailers are subject to the salvage law. Mobile homes, ORVs, and watercraft are not included. Salvage Titles for Late-Model Vehicles A late-model (newer) vehicle is defined as: • A vehicle 8,000 pounds or less manufactured in one of the last six model years, or • A vehicle 8,001 pounds or more manufactured in one of the last 16 model years. Texas Dealers When a Texas vehicle dealer acquires a late-model distressed vehicle not yet titled as salvage, and the vehicle's estimated cost of repairs is between 75% and less than 91% of its pre-damaged value, the dealer must apply for a resale salvage title within five days. No plate or permit (including a dealer plate) can be issued or used until a rebuilt title application is processed. NOTE: A salvage indicator on an out-of-state title is always carried forward to a Texas title, even if the vehicle is damaged less than 75% of its pre-damaged value. When a Texas dealer sells a vehicle previously titled as salvage, the dealer must give a written or printed disclosure to the buyer. This document certifies the dealer informed the buyer the vehicle was previously a distressed vehicle. Recovered Stolen Vehicles When an insurance company pays a claim for a vehicle that has been stolen, the owner assigns the title to the insurance company. ...