PLGeorgiahard
A Georgia insurer determines that the cost of repairing a 2022 sedan exceeds 75% of the vehicle's pre-loss actual cash value and declares the vehicle a total loss. Under O.C.G.A. § 40-3-36, what title designation must the insurer obtain when it takes the salvage?
A 'salvage' title brand from the Department of Revenue
BA clean Georgia title with no branding required
CA 'rebuilt' title brand prior to settlement
DA 'flood' title brand regardless of the cause of loss
Why this is the answer
O.C.G.A. § 40-3-36 requires an insurer that pays a total-loss claim and takes title to the salvage to apply for a Georgia 'salvage' title with the Department of Revenue. The 'salvage' brand stays with the vehicle until it passes a salvage rebuilt inspection, at which point a 'rebuilt' title may be issued. The brand provides consumer notice on resale.
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