How do I get the truck back under the INS. co? I am buying a truck that has been achieved, but repairable. The owner said the insurance company has the title. How do I get it so I can save the truck? The truck was a person who is fixing it and it's a good price for me.
If the insurance company has the title, they are owners of the truck and it does not sell, then who are you to buy it from? If he kept the truck he needed to pay the insurance value of recovery and they would take him, and return the title. If he can not get the title insurance, at the foot of the face. In fact, even if it can get the title, be careful. There will be a salvage title which makes it very difficult to get insurance for her.
You will not get the title insurance company, unless you want to buy from them as spam. These guys are not owners to sell to you. You better run from this transaction. There is no "right price" for a side car.
His story is a kind of doubtful on its face. Insurance companies would not normally leave the vehicle with the insured once it has been reached. The insurance company will take possession and at least get the salvage value.
If he managed to keep the truck, it can be a lot of damage you can not see. That may be why he has achieved. Even a low-impact collision could bend the frame or do other damage that you do not see. It may fix the wing, but it is not able to resolve the real problems and you're stuck with it.
If you continue your interest in the vehicle, tell the guy to get the title back so he can legally be transferred to you. It is his responsibility. He needs to possess before they can sell.
The title can be purchased from the insurance company for the amount they paid the person for the vehicle reached.
The owner will get his title back from the insurance company. In most states the insurance company will give him a title of rescue. Then it must apply for a rebuilt title you sell.
Do not buy it unless you give the new title stating that it was rebuilt.
Posted on February 10, 2010.