My motor is on my identify (titile) but the laon is surrounded by my father if stolen who will recive the check from insurance
Answers:
Doesn't work that channel. The bank won't loan money to buy the sports car to anyone except the titled owner. and you don't HAVE the title, if there's a loan on it.
So. If the car get stolen, the BANK gets the money.
If its your insurance and you're the only one on the title (no lender named), freshly you.
If its your insurance but the title also references a registered owner as the loan company, you enjoy to satisfy the debt first and next you get the remainder. Some insurance companies dispatch the payoff to the lender, some send you the check made out to you and the lender and you sign it over to them.
Depends on who's name is on the insurance policy.
The check will shift to the insured and the lienholder. They make it payable to the guard too, to make sure the loan get paid bad.