Title won't be branded until the ins. company pays out on it. Most have a recovery time clause. My buddy had to wait 14 days after his bikes were stolen to get the ball rolling on getting a check from his insurance company. They specified once they cut a check, even if they were recovered, they HAD to go through an auction house for sale, and he would not have the option to buy them back. That said, they did do him fair on his KTM and he was happy with the deal. Not happy to lose his smc, but could afford to go buy another if he wants to.