Does an auto insurer own your car after they claim ut a total loss?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Does an auto insurer own your car after they claim ut a total loss?

I have the title and paid off my loan.

Asked on July 6, 2012 under Accident Law, Massachusetts

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

If one owns a car that has been paid off in full and the car is in an accident where it is deemed a "total loss" by one's insurance carrier and the carrier pays the car's owner the fair market value of it, upon receipt of the settlement check the car's owner is obligated to transfer legal title to the "totalled" car to his or her insurance carrier.

Once accomplished the insurance carrier now owns the car.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption