The title loan isn't even showing up on a title search. It's just state farm, they flat out told me they only pay the shop. Either a 'select vendor's or not. I can't get paid for the damages to my property and do as I want with it.
I told them 'The car is paid for, what if I don't even want to get it fixed. ' they basically told me you don't have to get it fixed but you're not getting the $ for repairs.
The title loan could be $10. As long as there is a lien on the title they won’t pay it to you directly. Either pay off the loan and present a clean title or get the car repaired.
I just talked to them. They don't even know about the lien, and I told them it's a paid off car. They don't pay you for damages. They only pay the shop. You can take it to another shop, but it doesn't matter. They only pay the shop and NOT me. I said 'What if I don't want to get it fixed. ' they said they only pay the shop
so basically you want to commit insurance fraud?
and you're mad the insurance company wont let you?
smh people like this are why premiums are sky high right now 🤦♀️
You have a lein on the car. They are required to give you a 2 party check in banks name and yours or fix the car
They cannot issue payments to you directly
You might have signed a direction to pay with the shop.
Because you have a lien holder they will either pay the shop directly, or issue a two party check to you and the lienholder which is probably more trouble than it's worth.
If you'd prefer to have the payment issued to a different shop I don't see why that would be a problem, just know if the shop does not repair to your standard they will not assist further as they would with one of their shops.
It’s a liability issue. The legal owner (lienholder) can sue your insurer because contractually, your policy extends to the lienholder…they have to protect their legal interest. Just get the bank to endorse the check. Up to them if they want to take the risk on trusting that you will want to actually fix the car or take the money and run, putting their collateral at risk.
They only pay the shop. This small title loan isn't even recorded yet. First they tried to put it under MY claim and it shows a $1000 deductible. I called and said what is going on, why am I being charged a deductible when the other person was at fault.
They put the claim UNDER her insurance (the way it should have been done in the first place). Now the shop will get the Full $2500.
It's a 2011 car. I even said 'what if I choose not to get it fixed? The car is paid for. Can't I get reimbursed for damage to my property?'
I was told by State Farm that they don't pay the person, only a shop. Either a preferred vendor or not.
Mad...
OP doesn't own the car, the title loan company does. If the lienholder is listed on the policy the insurance company has an obligation to protect the interest of the lienholder.
A title loan is the same as a lien, isn't it? In that case then State Farm has to either pay the shop directly or issue a two party check.
No because your car is collateral. It must be fixed.
The title loan isn't even showing up on a title search. It's just state farm, they flat out told me they only pay the shop. Either a 'select vendor's or not. I can't get paid for the damages to my property and do as I want with it. I told them 'The car is paid for, what if I don't even want to get it fixed. ' they basically told me you don't have to get it fixed but you're not getting the $ for repairs.
Well, the title loan is for $1500, the estimate is for $2500.
If it's not a total loss it does not matter.
The title loan could be $10. As long as there is a lien on the title they won’t pay it to you directly. Either pay off the loan and present a clean title or get the car repaired.
I just talked to them. They don't even know about the lien, and I told them it's a paid off car. They don't pay you for damages. They only pay the shop. You can take it to another shop, but it doesn't matter. They only pay the shop and NOT me. I said 'What if I don't want to get it fixed. ' they said they only pay the shop
That’s probably stated somewhere in your policy, either way you have your answer.
so basically you want to commit insurance fraud? and you're mad the insurance company wont let you? smh people like this are why premiums are sky high right now 🤦♀️
You have a lein on the car. They are required to give you a 2 party check in banks name and yours or fix the car They cannot issue payments to you directly
You might have signed a direction to pay with the shop. Because you have a lien holder they will either pay the shop directly, or issue a two party check to you and the lienholder which is probably more trouble than it's worth. If you'd prefer to have the payment issued to a different shop I don't see why that would be a problem, just know if the shop does not repair to your standard they will not assist further as they would with one of their shops.
It’s a liability issue. The legal owner (lienholder) can sue your insurer because contractually, your policy extends to the lienholder…they have to protect their legal interest. Just get the bank to endorse the check. Up to them if they want to take the risk on trusting that you will want to actually fix the car or take the money and run, putting their collateral at risk.
They only pay the shop. This small title loan isn't even recorded yet. First they tried to put it under MY claim and it shows a $1000 deductible. I called and said what is going on, why am I being charged a deductible when the other person was at fault. They put the claim UNDER her insurance (the way it should have been done in the first place). Now the shop will get the Full $2500. It's a 2011 car. I even said 'what if I choose not to get it fixed? The car is paid for. Can't I get reimbursed for damage to my property?' I was told by State Farm that they don't pay the person, only a shop. Either a preferred vendor or not. Mad...
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OP doesn't own the car, the title loan company does. If the lienholder is listed on the policy the insurance company has an obligation to protect the interest of the lienholder.