 Posted: Fri Sep 30, 2011 11:28 am Post subject: |
|
|
Insurance companies typically will wait up to two or three weeks following a stolen vehicle report to determine that the vehicle has not been recovered. Most stolen vehicles that are recovered are found within this time frame.
Payment usually follows the determination of the loss within 7-10 business days. Your lienholder will be paid the ACTUAL CASH VALUE of the vehicle -- which could be 20%-30% less than what you paid for it. You will be responsible for the difference to the lender.
_________________
CA-licensed P&C Broker-Agent and Life Agent. CA Insurance Lic #0596197. Now investigating insurance company abuses, and providing litigation support and expert witness services. Send me your questions, and I'll send you my answers. |
|
MaxHerr
Moderator
Joined: 29 Nov 2009
Posts: 4630
Location: Pomona CA
210.30 Dollars($)
|
