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Auto Insurance Claims/repossession and no insurance

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Expert: - 4/19/2009


Question
Hi,
My car was repossessed and I did not have insurance.  I do now and have the money to pay for the return of my car. Because of the lack of insurance, MVA has a penalty.  Will I be able to get my car back without paying the penalty?  I need more time to pay it but need to get my car before it is sold to an auction.

I have to sign a restricted Power of attorney vehicle form that goes to MVA.  Will MVA prevent me from getting my car because I did not pay the fee?

Answer
Hi Tanya,

Unfortunately, I am not familiar with each states MVA regulations. You should call the loan company and askl them what will be required to pick up your car. If they say that the MVA must release your car only after you pay the penalty, then you will know.

I hope this helps
Richard Hixenbaugh

Auto Insurance Claims

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Richard Hixenbaugh

Expertise

Auto insurance claims procedure, auto coverage, liability issues, auto damage questions, how to deal with the insurance company, loss of use and diminished value.

Experience

I have been involved in the insurance industry for over 25 years. I have experience in underwriting, sales, claims adjusting, auto damage estimating, auto value appraising and diminished value appraising. I have testified as an expert witness over 35 times.

Organizations
Society of Certified Auto Appraisers

Education/Credentials
Completed all required courses for the Florida Property-Casualty agents license and the Florida claims adjusters license. I have attended various courses on auto damage estmating, vehicle appraising and am ASE certified in collision damage analysis.

Past/Present Clients
My company has done work for consumers nationwide.

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