After a car is written off, who retains ownership of the salvage if the insurance company pays the market value?

When a car is written off due to damage, and the insurance company pays out the market value to the car owner, the ownership of the salvage typically transfers to the insurance company. This is because the payment of the market value is contingent upon the insurance company assuming ownership of the vehicle. The insurance company has an interest in the remaining parts of the vehicle to either salvage them or sell them to recover some of the loss. Thus, once the payout is made, the insurance company holds the rights to the salvage, which allows them to manage the disposition of the car effectively. This practice is standard in the insurance industry to mitigate losses after a claim has been settled.