My car was stolen 3 weeks ago, it has just been found after commintting a robbery. Now it has been found can i refuse to take the car back??
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UPDATED: Nov 29, 2012
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Insurance Question from Acton, ME
Asked on 11/29/2012
My car was stolen 3 weeks ago, it has just been found after commintting a robbery. Now it has been found can i refuse to take the car back?? NULL
Answer given on December 09, 2012
If your car was stolen and recovered before a settlement offer from your insurance company, you cannot decide not to take the car back. The insurance company will inspect the car and determine the damage done during the time the car was gone. If it is below the actual cash value of your car, they will pay for the damages, less your deductible. If the damage exceeds the actual cash value of the car, the insurance company will offer you a settlement as a total loss.After the claim is settled, you can, of course, sell or trade the car in for another vehicle. However, there is no option to abandon the vehicle due to it being stolen. There is a clause in the policy that prevents the abandonment of a car, for any reason. Discuss your concerns with the company or your agent.
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