Legal Question in Traffic Law in Virginia

Letter of guarantee

My car account is in a collection agency it was totaled and the insurance wants to pay it off but the agency want give the insurance co. A letter od guarantee because they dont hold the title to the car i even contacted the leinholder and they want give one either so therefore the insurance co. Want sewnd the payment in because no one will guarantee they will get the title . The insurance co. Thinks they will send it to me once the account is paid


Asked on 9/09/07, 3:59 am

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Letter of guarantee

Of what value would a title be to a totally wrecked vehicle? The insurance carrier should pay off the lien holder and let the latter work out with their collection agency whatever may be owed to the agency for its collection efforts.

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Answered on 9/09/07, 9:52 am


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