Chodzi :)

http://www.irmi.com/online/insurance-glossary/terms/s/salvag...

salvage value

The amount for which an asset can be sold at the end of its useful life. In insurance circles, this term commonly refers to the scrap value of damaged property. In property insurance, salvage value (e.g., scrap value) will be subtracted from any loss settlement if the insured retains the damaged property. In extra expense coverage, the salvage value of property purchased for temporary use while repairs are made will be deducted in determining the amount of loss recovery.

http://www.carinsurance.com/Articles/content231.aspx

In many states a salvage titled vehicle legally indicates the status of the car is one that means it is not drivable on the roadway. Now, usable parts will be taken off the car, and eventually the shell and frame will be sent to the auto crusher and sold so the steel can be melted down and reused in a future manufacturing process. If the car can be repaired than it may be taken to an auction and resold to someone who would fix it and get the car inspected to so it was roadworthy. The title may remain as salvage but in many states it would get changed to “rebuilt” or “previously salvaged” so that anyone that buys the car in the future is aware that it was in an accident and totaled out but repaired to be made roadworthy