Acknowledgment by the current owner that his vehicle has been declared a total loss, and that he/she has elected to retain the vehicle instead of receiving payment of salvage value. Towing and storage charges and who is responsible for paying them is included in this notarized form.
Acknowledgment by the current owner that his vehicle has been declared a total loss, and that he/she has elected to retain the salvage for a specific sum of monies. Towing and storage charges are also specified.
For a claim involving a total loss or theft of a motor vehicle or boat, this letter is sent to the lien holder that is financing the vehicle. It identifies vehicle, owner and lien holder, and states how much the insurance company will pay for the claim. It requests lien holder to guarantee that it will send a lien-free title certificate to the insurance company upon receipt of claim payment.
This is a limited power of attorney which grants the insurer permission to transfer title paperwork for a specific vehicle on the owner's behalf. Used with both insured and claimants, to purchase a vehicle.
This document gives the insurance company legal authority to transfer title of a vehicle that has been declared a total loss, and sell it for salvage. The power of attorney to transfer a vehicle is signed by a claimant once settlement is agreed upon.
The vehicle bill of sale is a document that records transaction between buyer and seller. Bill of sale includes vehicle type, make, year, vehicle identification number (VIN) and purchase price.