NJ MVC Form OS/SS-37 - Application for Ownership/in Insurance Company’s Possession
Form "OS/SS-37 - Application for Ownership/in Insurance Company’s Possession" is used when a motor vehicle has been declared a total loss by an insurance company. This form helps transfer ownership of the vehicle to the insurance company and may be used to apply for a salvage title.
An example scenario for using this form is when a vehicle has been involved in a significant accident or damage, and the insurance company determines it is a total loss. In such cases, the vehicle's owner may complete this form to transfer ownership to the insurance company.
Form Structure
The "OS/SS-37 - Application for Ownership/in Insurance Company’s Possession" typically includes sections for providing information about the vehicle, details of the insurance company, and the reason for declaring the vehicle a total loss. It may also require documentation related to the claim and damages.
How to Fill Out and Submit the Form
The vehicle owner completes this form by providing accurate information and supporting documentation related to the total loss claim. Once completed, the form is submitted to the New Jersey Motor Vehicle Commission (MVC) for processing.
Accuracy in filling out this form is important to ensure a smooth transfer of ownership to the insurance company. Depending on the circumstances, the vehicle may be issued a salvage title, and the insurance company will often handle the vehicle's disposal or auction.
Related forms or alternatives may include various vehicle title and ownership transfer documents, but the "OS/SS-37 - Application for Ownership/in Insurance Company’s Possession" specifically addresses total loss situations involving insurance companies.