4/1/2024 0 Comments Lost title to car california![]() The car title should be in your possession if you own your car with no financing or your loan company should have your car title if you are financing your vehicle. You will need the physical copy of your title. Once you agree on the fair market value for your totaled vehicle, it time to transfer title to the insurance company. How to Transfer the Title to an Insurance Company Once the finance company is paid in full, you will receive any money that remains beyond the finance company's remaining balance on the vehicle. In other words, the insurance company will buy your car from you, and you will provide the title of the car to the insurance company so that the insurance company can send the car to be salvaged.įor this to be accomplished, your vehicle finance company must also release its interest in your vehicle, which will require the insurance company to pay off the balance owed. If your car is totaled in an accident and the insurance company is responsible for paying your damages, then the insurance company will pay you fair market value for your car. Why Transfer the Title to an Insurance Company ![]() ![]() While you have the right to keep a car that is considered a total loss, it is important to know that in most cases, the car cannot be repaired and then used on the road. In most cases, you will transfer the title of your vehicle to the insurance company if your car is a total loss. ![]()
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