What is a Theft Recovery Vehicle?
A theft recovery vehicle is any vehicle that has been stolen from its owners, no matter what happens to the vehicle once it has been stolen. The vehicle could be involved in an accident, stripped for parts, be sold overseas, or found in mint condition, but it will still be considered a theft recovery vehicle. Should the vehicle be missing for a total of three weeks, the owner’s insurance company will pay off the cost of the vehicle. This gives the vehicle the title of a total loss; making it a salvage vehicle. For more info, see Do Salvage Vehicles Offer Any Advantages?
