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If an insurance carrier determines a vehicle to be salvage or total loss, but does not pay a claim (e.g., third party claims) is the insurance carrier required to report the determination to NMVTIS?

April 26, 2017claim Insurance loss pay Salvage total vehicle

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10 Posted

If an insurance carrier determines a vehicle to be salvage or total loss, but does not pay a claim (e.g., third party claims) is the insurance carrier required to report the determination to NMVTIS?

1 Answer

0

10 Posted

Yes, an insurance carrier determination of salvage or total loss, regardless of whether a claim is paid or not, must be reported to NMVTIS.