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S.F. No. 871 - High-Value Motor Vehicle Salvage Title
 
Author: Senator Roger Reinert
 
Prepared By: Krista Boyd, Senate Fiscal Analyst (651/296-7681)
 
Date: March 20, 2013



 

Section 1 changes from $5,000 to $9,000 the minimum pre-damage value to warrant classification of the vehicle as a "high-value vehicle."  Current law requires an insurance company that acquires a high-value vehicle through payment of damages, or a person who acquires a similar vehicle from out of state under specified circumstances, to apply to the Department of Public Safety for a salvage certificate of title.

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