186A.555 Titles of hail-damaged vehicles.
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<![CDATA[ Page 1 of 2 186A.555 Titles of hail-damaged vehicles. (1) The provisions of KRS 186A.500 to 186A.550 notwithstanding, the owner of a motor vehicle that has been damaged solely by hail shall have the regular title of the <br>vehicle branded as follows "Hail Damage" if: <br>(a) The vehicle is in a condition that it can be legally operated on the highway; <br>(b) The total estimated or actual cost of parts and labor to rebuild or reconstruct the vehicle to its pre-hail condition exceeds seventy-five percent (75%) of the <br>retail value of the vehicle, as set forth in a current edition of the National <br>Automobile Dealer's Association price guide; and (c) The owner intends to retain ownership of the vehicle. (2) A person seeking to have the title of a vehicle branded for hail damage under subsection (1) of this section shall present the sheriff with a statement from the <br>person's insurance company that the damage exceeds seventy-five percent (75%) of <br>the retail value of the vehicle and is solely the result of hail damage, and shall have <br>the vehicle inspected by the sheriff of the county in which the vehicle is registered. <br>Upon completion of inspection of the vehicle, the sheriff shall indicate on the <br>vehicle transaction record form if he or she has received a statement from the <br>person's insurance company that the damage to the vehicle is the result of hail <br>damage and if the total estimated or actual cost of parts and labor to rebuild or <br>reconstruct the vehicle to its pre-hail condition exceeds seventy-five percent (75%) <br>of the retail value of the vehicle, as set forth in a current edition of the National <br>Automobile Dealer's Association price guide. The sheriff shall be paid a fee of five <br>dollars ($5) to conduct an inspection under this subsection. (3) Upon completion of the inspection required under subsection (2) of this section, a person shall take the vehicle transaction record form and the title to the vehicle to <br>the office of the county clerk in the county in which the vehicle is registered. If the <br>sheriff has certified on the vehicle transaction record form that the damage to the <br>vehicle is the result of hail damage and if the total estimated or actual cost of parts <br>and labor to rebuild or reconstruct the vehicle to its pre-hail condition exceeds <br>seventy-five percent (75%) of the retail value of the vehicle, as set forth in a current <br>edition of the National Automobile Dealer's Association price guide, the title shall <br>not be surrendered to the clerk, but the clerk shall stamp on the face of the title <br>"Hail Damage". The clerk shall also enter into the Automated Motor Vehicle <br>Registration System (AVIS) the information that the title has been branded in the <br>clerk's office "Hail Damage". The county clerk shall be paid a fee of three dollars <br>($3) to carry out the provisions of this subsection. (4) A title branded "Hail Damage" under the provisions of subsection (3) of this section shall retain the brand for as long as the person holds title to the vehicle, and upon <br>the sale or transfer of the vehicle, the new title issued shall continue to carry the <br>brand "Hail Damage". (5) An insurance company shall not render payment on a vehicle damaged solely by hail in excess of seventy-five percent (75%) of the retail value of the vehicle until <br>the title has been branded "Hail Damage". Page 2 of 2 Effective: July 14, 2000 <br>History: Created 2000 Ky. Acts ch. 230, sec. 1, effective July 14, 2000. ]]>