Legal Question in Insurance Law in Maryland

Does insurance co. get car title

My car may be totaled from an accident. If so, am I obligated to sign over the title to the insurance co. Someone I know did , kept the car, but got a ''salvage title'' when they bought the car back. I just want the money and keep my original title. Hows the law in Md view this ?

Thanks


Asked on 3/01/01, 11:32 pm

1 Answer from Attorneys
Lawrence Holzman Holzman Law Firm, LLC

Re: Does insurance co. get car title

If the ins co pays you for the value of the car, then they get the title. If you want to keep the car for some reason, you can probably negotiate to deduct the salvage value from their settlement amount and keep the title, but I wouldn't even hint at that until you've already negotiated the highest possible settleent value for your car.

Lawrence R. Holzman, Esquire

Joseph, Greenwald & Laake, P.A.

6404 Ivy Lane, Suite 400

Greenbelt, MD 20770

(301) 220-2200

fax (301) 220-1214

Disclaimer: Please note that the posting of this response is not intended to constitute legal advice. You should contact an attorney to obtain information applicable to your situation. This posting is not confidential or privileged and does not create an attorney/client relationship.

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Answered on 4/25/01, 1:00 pm


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