over a month ago my car was stolen. I had gap and everything went fine, but recently it was found with only minor damage. I already have a new car - what is going to happen?? Do I have to take my old car back?
2007-06-09 09:14:34 · 4 answers · asked by Matt T 1 in Cars & Transportation ➔ Insurance & Registration
No, when the insurance and gap insurance paid off the vehicle, it became the property of the insurance and if recovered it would go to them. You may have the option of buying it back, but not the obligation.
2007-06-09 09:19:37 · answer #1 · answered by oklatom 7 · 0⤊ 0⤋
It is up to the insurance company. If they choose to repair the car then you will have to return the new car, but you will subject to all monies paid out on the new vehicle except for reasonable usage fee for the time you had the vehicle...Kinda like rental, which if you push the issue the insurance will pay for too.
2007-06-09 16:18:41 · answer #2 · answered by GrowinBellyFLA 3 · 0⤊ 1⤋
If you were paid by your insurance company for the stolen vehicle it now belongs to THEM. Forget about it.....
2007-06-09 16:19:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No. Your insurance company will sell the old car for salvage. You should check to see if you can get your deductible back.
2007-06-09 16:18:42 · answer #4 · answered by regerugged 7 · 0⤊ 1⤋