Many people have heard the term "salvaged vehicle" and wonder what it means, its importance, and how to obtain a salvaged vehicle title. When an insurance company determines that it would cost more to repair or fix than it would be to pay out a claim, an automobile such as a truck or car is considered salvaged if it has been in a serious accident, a flood, or stolen and recovered with missing parts. Each state is different on the threshold of when the insurance company considers a car to be totaled. Generally in most states, this threshold is considered to be 51 percent or more.