Form 735-32 - Oregon Traffic Accident And Insurance Report (Page 2 of 7) in pdf

TOTALED VEHICLE NOTICE

DEFINITIONS AND INSTRUCTIONS FOR TOTALED VEHICLES

IF YOUR ACCIDENT HAS RESULTED IN A “TOTALED” VEHICLE, YOU ARE REQUIRED BY LAW TO

FOLLOW APPROPRIATE INSTRUCTIONS IN THIS NOTICE.

DEFINITION OF “TOTALED” VEHICLE

“Totaled Vehicle” or “Totaled” as defined in Oregon law (ORS 801.527) means:

•

A vehicle that is declared a total loss by an insurer who is obligated to cover the loss or a vehicle that the insurer

takes possession of or title to.

•

A vehicle that has sustained damage that is not covered by an insurer and the estimated cost to repair the vehicle

is equal to at least 80% of the retail market value prior to the damage. “Retail market value” is defined as the

amount shown in publications used by financial institutions (banks or lenders) in this state.

•

A vehicle that is stolen, if it is not recovered within 30 days of theft and the loss is not covered by an insurer. In this

situation, you must notify DMV within 60 days of the theft.

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FOLLOW THESE INSTRUCTIONS IF YOUR VEHICLE IS TOTALED

If your vehicle is totaled, in addition to completing the accident report, follow the instruction that is applicable to

your case. Either:

1. SURRENDER the title to the insurer if the damage is covered by an insurer who declares the vehicle to be a

“total loss,” and the insurer takes possession of the vehicle; or

2. SURRENDER the title to DMV and apply for salvage title if the damage is covered by an insurer who declares

the vehicle to be a “total loss,” but you keep possession of the vehicle; or

3. SURRENDER the title to DMV and apply for salvage title if the damage was not covered by an insurer and the

estimated cost of repair is at least 80% of the retail market value of the vehicle before the damage; or

4. NOTIFY DMV that your vehicle has been totaled if, for some reason, you are unable to obtain the title for

surrender. You must provide DMV with a signed statement which includes:

• A description of the vehicle which includes the year model, make, plate number and vehicle identification

number.

• A statement indicating the vehicle has been totaled.

• A statement that you are unable to obtain the title and why.

DO NOT SUBMIT THE TITLE WITH THE ACCIDENT REPORT. You can obtain the Application for Salvage Title

(Form 735-229) from any DMV office, by calling (503) 945-5000, or on-line at Application

instructions and fee information are on the back of the form 735-229. If you have questions about salvage titles,

call (503) 945-5122.

NOTE: It is a Class A misdemeanor with a penalty of imprisonment and/or fine if you fail to comply with the above

requirements. (ORS 819.012)

Form 735-32 - Oregon Traffic Accident And Insurance Report Page 2