Legal Question in Insurance Law in Alaska

In a total loss auto accident, not at fault, do you have to give the insurance company the title to the vehicle so the will pay the Actual cash value. I'm not wanting to sell my vechilce, I want them to pay for the damage done, in this case it is more than the value so they say the only own the Atual cash value. I've agrreed to that amount, but now they say I must give them my vehicle before they will pay. It's my vehicle and I want the value of the damage paid and I keep my property/vehicle. Now where in my contract/policy state I have to give them the title for payment. Nor does it state if I don't they can subtract value from the damages. Can they force me to give the title so I recieve the full value of damage done to my property?


Asked on 1/10/13, 2:56 pm

1 Answer from Attorneys
Edward Hoffman Law Offices of Edward A. Hoffman

I don't know what your policy says or what Alaska law says on the subject. But what you describe is standard procedure. Your car still has some value. The insurer can find a buyer for it and recoup some of what it pays you. You are not entitled both to be paid what the car was worth before the accident and to keep what it is worth now.

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Answered on 1/10/13, 3:49 pm


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