If an owner decides to retain their total loss salvage, what must the appraiser provide?

When an owner decides to retain their total loss salvage, the appraiser is required to provide the salvage bid information. This is necessary because the owner needs to understand the value and disposition options available for their vehicle, as well as the financial implications of retaining the salvage. The salvage bid information typically includes details about what the salvage value would be if sold, which aids the owner in making informed decisions regarding their vehicle after a total loss declaration.

While other options might seem valuable in different contexts, they do not specifically fulfill the requirement associated with the retention of total loss salvage. For instance, insurance paperwork pertains to the processing of the claim, a list of potential buyers is not typically the responsibility of the appraiser, and a repairability assessment is more relevant to situations where the vehicle could be repaired rather than considered a total loss. Thus, the focus on salvage bid information is essential for the owner to navigate their options effectively after a total loss.