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If your vehicle is stolen and the insurance company pays you off then the vehicle is recovered do you have to pay the money back?
Wiki User
∙ 17y ago
You either have to return the money or not keep the vehicle. You don't get the benefit of both the value of the car in cash and the actual car.
Wiki User
∙ 17y ago
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Does insurance pay off a recovered stolen vehicle?
It depends on what insurance you're talking about, does it include theft?
Should insurance settlements be repaid when stolen goods are recovered?
That is up to the discression of the insurance company.
What happens if insurance replaces stolen items then the police recover and return the stolen items to you?
I recommend you contact your insurance company, and inform them of the recovered goods
How does homeowners insurance work when stolen items are recovered?
Once the insurance company has paid the claim for stolen items they become the legal owners of the items.
Whose insurance covers items stolen from a company vehicle at home?
I think that your insurance covers the items that were yours that were stolen, and the company's covers the car damage.
If your auto is hit by a stolen vehicle who will pay for losses like deductibles and other expenses?
You or your insurance company. The owner of the stolen vehicle would not be responsible because their vehicle was stolen and the driver of the stolen vehicle's insurance would not cover it because he was driving a vehicle that was not on his policy and he did not have permission to drive.
If a vehicle has 'full coverage' and is stolen how much will the insurance company pay out?
if it is recovered and repairable they will pay to repair less your comp deductible, if not recovered they will pay the actual cash value of the vehicle less your comp deduct, also sales tax (or credit) title/licensing fees etc......
What if car is stolen and you have full coverage?
After making a police report, contact your insurance companies claims department right away and report the theft If you have comprehensive coverage on that vehicle, then your loss will be covered under your policy. If you have rental car coverage then the Insurance Company will also pay for a temporary rental car for you to drive. It just depends how much insurance you bought. For vehicle theft claims, It is customary for the Insurance Company to wait a short time to see if your stolen vehicle is recovered for you by authorities.
My car was stolen and the insurance company paid me but then the police recovered the car?
keep the money and find another car, or give back the money and get your recovered car.
Does gap insurance cover a repossession?
Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.
What is the word used for property recovered by the insurance company?
please explain your question better. Do you mean property such as stolen vehicles?
What is an insurance recovery car?
Stolen car that claim was paid off by the insurance company. The car was later recovered. Because the claim was already paid the car is owned by the insurance company and they will typically sale these at auction.
