When a vehicle is involved in an accident and declared total loss does the insurance get to keep it?

In a case where a vehicle is involved in an accident and is declared a total loss, the insurance company typically acquires ownership of the vehicle. The insurance company will pay the insured the actual cash value of the vehicle, minus any applicable deductible, and will then take possession of the vehicle.

The insurance company may then choose to sell the vehicle for salvage or repair it, depending on the circumstances and the value of the vehicle. If the vehicle is sold for salvage, the proceeds will be used to offset the insurance company's payout to the insured. If the vehicle is repaired, the insurance company may sell it or use it for its own purposes.