Owner retention and salvage purchase

Staff impacted

Claims

Effective date

Immediately

Summary of change

Procedures referring to both salvage purchase and owner retention required updating to ensure that the most current and correct information was available for reference. A new topic was created to clarify the primary differences between a salvage purchase and an owner retention, as the two procedures, due to similarities, had been misinterpreted in the past.

Updated/new procedure(s)

Click:

• Complete a salvage purchase
• Complete an owner retention
• Owner retention and salvage purchase