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Sometimes the carrier pays out and the car shows up later with little or no damage. It becomes the carrier's property to dispose of an recoup some of their money. They're usually not real concerned about top dollar recovery since they hadn't planned on the thing ever showing up anyway. It's actually more of a hassle than anything else.
Short version, recovered thefts can be a great deal on an otherwise perfectly good car with a crappy title.
Sometimes the carrier pays out and the car shows up later with little or no damage. It becomes the carrier's property to dispose of an recoup some of their money. They're usually not real concerned about top dollar recovery since they hadn't planned on the thing ever showing up anyway. It's actually more of a hassle than anything else.
Short version, recovered thefts can be a great deal on an otherwise perfectly good car with a crappy title.
That car is a good deal assuming it is free of extensive damage and was simply declared a loss cause it wasn't recovered on time.
https://seattle.craigslist.org/see/ctd/5962301814.html
That car is a good deal assuming it is free of extensive damage and was simply declared a loss cause it wasn't recovered on time.
I had a guy hide his $70,000 SL in a rental storage unit four hours away, planning to ride out the sixty days. In my first meeting he was unable to produce the keys, yet he claimed the car was left locked at his business, a bar, and was stolen overnight.
Ultimately I figured out that he was in danger of losing the bar and had equity in the car he needed, but the condition was so rough nobody would give him anything for it. He arranged for a friend to drive the car down to Miami and hide it.
His biggest screw up was failing to realize that MB keeps a record of keys it's issued against a VIN, and the guy had bought a key the day before the "theft". He had sent one of his bar employees to collect the key, which the employee signed for.
I tracked the employee down and he was in no mood to be complicit in a felony, so he rolled over on his boss. We denied the claim and the next day police notified us the car had been recovered in an airport parking lot. Good times.
A stolen and recovered high end car can be an insurance fraud and thus unmolested, but most of the time is not a good deal in regards to the problems it might have down the road.
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Heard a story of some new s550's getting flood damage at a lot and were salvaged so no warty, friend of someone I knew bought one at 70k, they were new though and ran and drove.wartys were obviosly no good.
I wanted to export the car so his deal didn't matter as I wouldn't have been able to get it through customs though he assured me he would have had it exported through "his contacts" at the port. But then I would have been on my own on the import side.
I had a guy hide his $70,000 SL in a rental storage unit four hours away, planning to ride out the sixty days. In my first meeting he was unable to produce the keys, yet he claimed the car was left locked at his business, a bar, and was stolen overnight.
Ultimately I figured out that he was in danger of losing the bar and had equity in the car he needed, but the condition was so rough nobody would give him anything for it. He arranged for a friend to drive the car down to Miami and hide it.
His biggest screw up was failing to realize that MB keeps a record of keys it's issued against a VIN, and the guy had bought a key the day before the "theft". He had sent one of his bar employees to collect the key, which the employee signed for.
I tracked the employee down and he was in no mood to be complicit in a felony, so he rolled over on his boss. We denied the claim and the next day police notified us the car had been recovered in an airport parking lot. Good times.

It sounds like he might have gotten away with it had he not bought the extra key and simply handed over the original(s). People will do anything - nothing surprises me anymore.
The insured was engaged in a power struggle with a partner and the kid felt that if the insured got caught in the theft fraud the partner, who he preferred, would end up owning the club.






