Legal Question in Insurance Law in Florida
I own a small buy here pay here car lot. One of my customers has totaled their vehicle and also had defaulted and I hold a certificate of repossession. The customers insurance carrier refuses to pay off the lien I hold because the customer refuses to cooperate. I was under the impression that the certificate of repossession entitles me to payment for the lien interest even without my customer cooperating with his insurance carrier.
Asked on 6/04/15, 12:46 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
If there is a dispute between the parties, legal action may be necessary.
Answered on 6/04/15, 12:58 pm
Barry Stein
De Cardenas, Freixas, Stein & Zachary
You don't have an absolute right to the insurance proceeds. You may need an attorney to intervene to assist you in collecting those proceeds.
Answered on 6/04/15, 1:26 pm
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