Form HSMV 82089. Insurance Company Motor Vehicle Release Statement - Florida

The Form HSMV 82089 is used by insurance companies in Florida to release their interest in a motor vehicle that has been declared a total loss or salvage. This form serves as a statement from the insurance company indicating that they no longer have any ownership or financial interest in the vehicle.

When filling out this form, the insurance company needs to provide essential details about the vehicle, such as the VIN, year, make, model, and title number. Additionally, they must include information about the insured party and the insurance policy, including the policy number and effective dates.

It is crucial for the insurance company to accurately complete all the required fields on the form. They may also need to attach supporting documents, such as a copy of the total loss or salvage declaration, to substantiate the release of their interest in the vehicle.

An example application scenario for Form HSMV 82089 would be when an insurance company declares a vehicle as a total loss due to damage from an accident. Once the insurance company has settled the claim with the vehicle owner, they can use this form to release their interest in the vehicle, allowing the owner to pursue options like selling the vehicle for salvage or obtaining a salvage title.

It's important to note that this form is specific to insurance companies releasing their interest in a motor vehicle. If an individual wants to release their personal interest in a vehicle, a different form, such as a bill of sale or a title transfer form, may be required.