In Feb. I bought on '08 Avalanche. It was totalled last week. Insurance co won't pay off the total loan amount. It's almost 8k for the buyback and frame is bent. Do I have to sign over the title to have the insurance company pay out a partial settlement to my lienholder?

Asked by Aug 10, 2015 at 03:40 PM about the 2008 Chevrolet Avalanche LTZ 4WD

Question type: Maintenance & Repair

1 Answer

90,815

Check with an attorney, your insurance company should pay off the vehicle less the deductible. That is why they ask for the lien holder when you put insurance on the rig. Don't do anything until you talk with an attorney.

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