what if you get an insurance payout but your car is found?

[cxcxcxvcvcvc]

my wife was wanting to know what happens to your car if it gets stolen and you get payed out by the insurance company but then they find your car and you want it back? i was under the impresion that if this happens you dont get the car back because it becomes the property of the insurance company and they just sell the car @ auction to cut their losses?

[Jesterarts]

Yeah, i had my car stolen but they recovered it before i got a payout... which at the end of the day sped things up...

I remember something along the lines of waiting 3 months to see if its found before they will pay out...

But yeah once you get the payout they own the car.... or whats left...

[nicko]

once they have paid u if the cars shows up it is theirs. however im sure they would contact u to let u know and c if u wanted to buy it from them

[cxcxcxvcvcvc]

cheers for the info fellas will pass it to my wife:P

[azkwazere]

really dependson how long its gone for i guess... alot of insurance companies will sell it to you as it often guarentees there budget margin of sale.. if it goes to auction, it could really sell for anything like so... they'd rather a guarnteed sale... if it was a year or so later, you might not hear from them though.. talk to your insurere...

aZk.

[vy_storm]

The police contacted a relative of mine after they had located a car 5 years after it was stolen, engine and VIN removed. In the end they just told the police to contact the insurance co and take it from there.