Rebuilt Title

A Salvage Title is a designation placed on a vehicle's title after it has been declared a total loss by an insurance company. Once a vehicle has a salvage title, it cannot be legally driven on public roads in most states until it is repaired and re-inspected, after which it receives a Rebuilt or Reconstructed title.

Salvage Retention (or 'owner retention') is your right to keep your totaled vehicle by accepting a reduced settlement equal to ACV minus the salvage value. It can make sense if the vehicle is repairable, has sentimental value, or has aftermarket equipment you want to keep.