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Tained physical damage equal to or exceeding seventy percent (70%) of its average retail value, or water damage to the extent that the motor vehicle was submerged to any level above the dashboard. If an insurer indemnifies under an insurance policy, but does not take title to a motor vehicle that has become a “salvage vehicle”, the insurer shall notify the Office of Motor Vehicle that the motor vehicle is a salvage vehicle. The Office is required to note on any subsequent title issued that s.

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