• Home
• Insurance Forums
  Auto Insurance Life Insurance Health Insurance Home Insurance Disability Insurance Business Insurance Insurance Frauds Company & Specialty Insurance Insurance Agents The Pub
• Auto Insurance
• Health Insurance
• Life Insurance
• Home Insurance
• Disability Insurance

are lienholders obligated to retain salvage of a wrecked veh

Message	Author
Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Posted: Wed Jul 22, 2009 1:59 pm   Post subject: are lienholders obligated to retain salvage of a wrecked veh   I work @ a Body shop/wrecker Storage facility. If a vehicle is towed in and the owner has no insurance, but has a lien against it. Does the law require the Lienholder to be responsible for the vehicle or the owner?	fgregston New member Joined: 22 Jul 2009 Posts: 2 1.61 Dollars($)
Posted: Thu Jul 23, 2009 10:55 am   Post subject:    How can one have no insurance on a car that has lien on it? Is there a possibility of filing the claim with a third party insurer? Anyway, I don't think that you can have the lienholder responsible for the storage charges. They are not concerned with it. I think you'd need to bill the owner for the fees.	kelvin Senior member Joined: 22 Nov 2005 Posts: 207 37.90 Dollars($)
Posted: Sat Jul 25, 2009 4:18 pm   Post subject:    I just spoke with a storage and wrecker facility in Oklahoma that called me wanting to sell me a wrecked rollover. Turns out the bank had a lien on it but did not want to pay the storage of 2000.00 so they simply signed the title over to the storage facility so they could recoup their fees. Most storage yards have the primary liens and most states have laws that lienholders or insurers can not abandon vehicles at shops or storage facilities. The law carries very little fear of abandonment in my state as it is a misdemeanor with a fine of 25.00. Many vehicles wind up at storage facilities and are abandoned by insurers and private owners. Those facilities have the legal right to secure that property from lienholders or owners if abandoned by filing the proper documents with the state. _________________ If you can't find the time to do it right, how will you ever find the time to do it over.	MikeoftheOzarks Senior member Joined: 10 Feb 2008 Posts: 595 Location: in the missouri ozarks 191.27 Dollars($)

Quick Reply
Your Name
Subject
Message body

All times are GMT

Page 1 of 1