Legal Question in Insurance Law in California

insurance company causing stolen car to be repossesed?

My car was stolen and my insurer agreed to pay the loss. The problem is they are going way under bluebook, and claim they dont use bluebook value. Along with that, they tried to have me commit perjury by signing papers that arent true. Like the car was found and its been 60 days. I cant sign it, its not true. This is taking more than 2 months, and the credit company says im behind 2 months in payments, and they want to ''involuntarily reposess the car. I would just pay 2 months of 600 dollars, but i had to get a vehicle, while the loan existed on the stolen car leaving me broke. I also have negatives on my credit report due to this. I ''had'' a flawless report until the creditor and insurance got together. Please advise.


Asked on 3/29/05, 3:49 pm

1 Answer from Attorneys
Steven Murray Steven W. Murray, APC

Re: insurance company causing stolen car to be repossesed?

The lender is also an insured, so both of you have rights under the policy. Get an auto trader/Sunday newspapers, and other info about the car's value as of the accident date. You have to negotiate with the insurer - demand its paperwork supporting its value. Do everything by letter, no phone calls. Perhaps you can work with the lender - they need to become involved too. A lawyer would be helpful to you, but if not, call the Dept. of Ins. hotline and file a complaint.

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Answered on 3/29/05, 5:09 pm


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