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If the person at faults insurance company is sending a payme
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PostPosted: Thu Jun 11, 2009 2:33 am   Post subject: If the person at faults insurance company is sending a payme  
I got hit, the insurance company is covering the damages and sending the payment to the title holder. we have a contract and I believe the payment should be sent directly to me.
yooh_n_meeh_4evr
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PostPosted: Thu Jun 11, 2009 5:33 am   Post subject:   
Yooh, details please.

Quote:
I got hit,


I assume that the other vehicle involved in the accident was at-fault, right? Have you filed with his insurance company, or you have filed it against your carrier?

Is the car repairable?
jeorge
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jeorge
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PostPosted: Thu Jun 11, 2009 6:25 am   Post subject:   
Hi yooh_n_meeh_4evr,

Did you pay-off your loan?
I guess its your insurance carrier and hence they're paying it to the lien-holder. They'd pay up to the pay-off value. They are the real title-holder till the point of time you pay-off your loan.

Quote:
we have a contract and I believe the payment should be sent directly to me.

Does your contract have any specifications regarding this?

Steven
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steven
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PostPosted: Thu Jun 11, 2009 2:26 pm   Post subject:   
The payment will only be sent to you if it is YOUR car. If they are sending it to the lien holder, it is because they own a portion of your vehicle (easy way to look at it anyway). There are a lot of people that think they are entitled to insurance money when they don't really own the vehicle!
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Chris Bantly
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