Stolen coup¨¦ returned?? what happen presently?
hi if a car have been stolen and insurence have paid out what happen if the car is returned by the police contained by the future?
Answers:
The insurance company keeps it for salvage.
you enjoy to pay final the money to the insurance company,
It will become the property of the insurance company.
Actually, you don't have to wages the insurance company back. Technically, they own the vehicle since they salaried you for it, so I would recommend you contact them if the police call you and right to be heard it's been found. There is also a kismet that you won't even know if it has be found because most insurance companies get notify directly by the police once the vehicle has be found, because they are a member of the NATB (National Auto Theft Bureau) and typically transport the police a form indicating that they are now the owner. I would assume that you give the title of the vehicle to the insurance company, or your lienholder did, so again, they own it. Not you.
It's the property of the insurance company and their problem.
It is the insurance company's problem. They will have it auctioned and catch any possible proceeds.
You must turn it over to the insurance company, contained by all actuality they purchased the vehicle when they cut you a check...if you don't notify them and someone finds out you will get contained by BIG trouble for insurance fraud....possible jail...
officially it is the insurance companies. offer them a really small amount of money for it, they might purloin it. otherwise its their resposibility to come get it.
I am an insurance adjuster, This is how ig goes.The insurance company will whip possession of the vehicle and sell it at auction.
You probably have to send them your title or a POA when the settled the claim near you.