§ 11–152
Statutes in effect as of October 1, 2026.
Md. Code Ann., Transp. § 11-152 (2026)
Title 11. Vehicle Laws -- Definitions; General Provisions
Subtitle 1. Definitions
§ 11–152LinkCopy Citation
(a)
“Salvage” means any vehicle that:
(1)
Has been damaged by collision, fire, flood, accident, trespass, or other occurrence to the extent that the cost to repair the vehicle for legal operation on a highway exceeds 75% of the fair market value of the vehicle prior to sustaining the damage, as determined under § 13–506(c)(4) of this article;
(2)
Has been acquired by an insurance company as a result of a claim settlement; or
(3)
Has been acquired by an automotive dismantler and recycler:
(i)
As an abandoned vehicle, as defined under § 25–201 of this article; or
(ii)
For rebuilding or for use as parts only.
(b)
For purposes of this section, a vehicle has not been acquired by an insurance company if an owner retains possession of the vehicle upon settlement of a claim concerning the vehicle by the insurance company.