If you keep your damaged vehicle, the company will pay you the difference between the vehicle’s value before the loss and the salvage value (the amount that your damaged vehicle is worth to a salvage buyer).
Example: If your car was worth $10,000 before a crash and has a $1,000 salvage value, the insurance company will pay $9,000. If there is a lienholder (such as a bank), the check will probably be made out to you and the lienholder. The lienholder may not allow you to keep your damaged vehicle.
If you keep your damaged vehicle, check Oregon’s Driver and Motor Vehicle Services (DMV) laws regarding a title for a totaled vehicle. The insurance company must notify DMV when it totals a vehicle.