Who owns the salvage after the settlement?
New York Insurance Law section 3412 generally requires the insurer to take the salvage and endorsed title after a total loss, except when the insured is permitted to retain the automobile as part of the settlement. Confirm your settlement’s ownership outcome with the claims handler.
Can I accept a separate purchase offer while a claim is open?
You can gather information, but do not promise handover before the insurer and any lender clarify their interests. Ask whether the insurer still needs access, which documents will be issued and whether you are retaining the car. Keep those answers with the claim record.
Is a scrap offer the same as an insurance valuation?
An insurance settlement and an offer to buy the remaining vehicle serve different purposes. Compare the settlement paperwork separately from the buyer’s proposed amount. Ask the insurer to explain any owner-retained salvage deduction and the lender to explain any outstanding balance.
What should I send the purchasing partner?
Describe the damage, current ownership document and settlement status. Give the actual storage location and ask the facility about release requirements. Complete the required salvage disclosures if the retained vehicle is transferred.
Official sources.
Sources reviewed September 19, 2026. Use the current instructions for your vehicle and transaction.