Does the insurance company own a right to the title of my saloon if it is totaled? They don't get hold of the house.
If something happens to your house they don't take the remains of the house so why do they acquire what is left of the car? Please if you can minister to answer this and back it up with information that would be great.
Answers:
You're comparing apples to oranges next to this question. Your question be already answered the first time you asked. Yes, once they total and buy your car, they own it and can do as they please. If you really want it that badly, buy it stern.
Get over it.
When the insurance totals your sports car and sends you a check, they are buying your car. They will then deal in the car to a scrap courtyard to recoup some of the expense. If you want to keep the sports car, the insurance company will deduct the salvage value of the sports car from the insured value and give you the difference.
If you do not want to retain salvage, next yes you do have to sign the title over to the insurance company. Basically what you are doing is selling your totalled vehicle to your insurance company and they are paying you fair marketplace value for it. This way, since the insurance company immediately owns the junked/salvaged car, they can sell it or do anything they please. If you DON'T want the insurance company to take the car, consequently you can request to retain salvage, they will deduct the salvage amount from the fair open market value of your vehicle, and then you will be responsible for the junk car.
The reason you don't sign the title of the house over to the insurance company, is because you would modernize your house, and you are not selling the house/land to the insurance company.
because the land on which the house sits is NOT damaged..they pay packet for the damage only...if they dispense you the value for the Totaled car they become the owners...if it is repaired the title is afterwards marked as a salvage vehicle...you can in most cases buy the totaled sports car back from them for around 200 bucks...if not they trade it to junk yards for parts and shaving
Yes b/c the insurance essentially is buying the saloon from you. Refuse to turn over the title and they'll refuse to mail to the check.
if ti is totaled the company can and will take your saloon. they will eventually pay pay for it. for what it is worth anyway. sorry something like your car and good luck.
If the home is completely burned to the ground, then they purchased the HOME from you and give you the lot backbone. It now becomes a title to the lot beside no home. When you car is totaled, the insurance company purchases the car from you. They can choose to deal in the car back to you at the diminished merit rate if you so choose. If your home is a mobile home, then they will require the title to the home, since the home and lot titles are separate.
Depending on the state you live in depends on the laws.
Most states depending on your vehicle age the insurance company takes possession of your vehicle (and the title)
You are getting paid for the vehicle so why do you surface you would get to keep the title for something that is to say not yours? Source(s): Claims adjuster 5 years
Related Questions:
Answers:
You're comparing apples to oranges next to this question. Your question be already answered the first time you asked. Yes, once they total and buy your car, they own it and can do as they please. If you really want it that badly, buy it stern.
Get over it.
When the insurance totals your sports car and sends you a check, they are buying your car. They will then deal in the car to a scrap courtyard to recoup some of the expense. If you want to keep the sports car, the insurance company will deduct the salvage value of the sports car from the insured value and give you the difference.
If you do not want to retain salvage, next yes you do have to sign the title over to the insurance company. Basically what you are doing is selling your totalled vehicle to your insurance company and they are paying you fair marketplace value for it. This way, since the insurance company immediately owns the junked/salvaged car, they can sell it or do anything they please. If you DON'T want the insurance company to take the car, consequently you can request to retain salvage, they will deduct the salvage amount from the fair open market value of your vehicle, and then you will be responsible for the junk car.
The reason you don't sign the title of the house over to the insurance company, is because you would modernize your house, and you are not selling the house/land to the insurance company.
because the land on which the house sits is NOT damaged..they pay packet for the damage only...if they dispense you the value for the Totaled car they become the owners...if it is repaired the title is afterwards marked as a salvage vehicle...you can in most cases buy the totaled sports car back from them for around 200 bucks...if not they trade it to junk yards for parts and shaving
Yes b/c the insurance essentially is buying the saloon from you. Refuse to turn over the title and they'll refuse to mail to the check.
if ti is totaled the company can and will take your saloon. they will eventually pay pay for it. for what it is worth anyway. sorry something like your car and good luck.
If the home is completely burned to the ground, then they purchased the HOME from you and give you the lot backbone. It now becomes a title to the lot beside no home. When you car is totaled, the insurance company purchases the car from you. They can choose to deal in the car back to you at the diminished merit rate if you so choose. If your home is a mobile home, then they will require the title to the home, since the home and lot titles are separate.
Depending on the state you live in depends on the laws.
Most states depending on your vehicle age the insurance company takes possession of your vehicle (and the title)
You are getting paid for the vehicle so why do you surface you would get to keep the title for something that is to say not yours? Source(s): Claims adjuster 5 years
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