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| *Vultures Knob>>>Bike Insurance |
My motorcycle was reported stolen from the owner i bought it from. what should i do? |
The guy i bought it from reported it stolen after he received my money. I then found out that he had it planned and put full coverage on the bike the month before, this way he received money from both me and the insurance company. All i have is a bill of sale... what should i do? is there anyway of keeping the bike. It was wrecked when i bought it about three months ago and i've been putting it together since. It is now done and road worthy, but its stolen. is there anyway of me getting the title??? Go to the police with the bill of sale and explain what he's doing. If you know the insurance company, go to them also. First things first is to go to the police station with your bill of sale and the serial number or ID off the bike. You might really consider contacting a lawyer. You have proof you bought it but the guy sounds like a jerk. Have you registered the bike yet? Next time you see a police officer sitting in a parking lot, stop and explain your story to him or go down to the police station and just ask questions. They will usually help you with information. Keep that bill of sale handy and pray that the VIN of the bike is on it somewhere. The guy is flirting with a fraud charge. Make copies of the bill and forward one onto the insurance company. this is why you keep the Bill of sale, AND ALWAYS BUY WITH A TITLE!! Oh, and call his Insurance company, and show them the Bill of sale. Where's the title to the bike? Never, ever buy a vehicle without receiving the title. If he is scamming you, there's a good chance he's done this before, and there's a good chance he wrote the bill of sale so it can't be used against him. The title establishes ownership, if your name isn't on the title, you don't own the bike. Number one: Contact a lawyer. Number two: If you have anything in writing, get it in order. I hope you did not pay cash. You are going to need a paper trail. Number three: Contact your state's insurance commission. Insurance fraud is a much bigger crime and penalty than most people think. You might bypass the other guys insurance company because that will be a big run around until they finally get you to the right person who will then just have to escalate things to the insurance commission anyway. The company can not file criminal charges. The commission can. Number five: Only after doing numbers one through four, contact the police. Unfortunately it is your word against his. And since you are the one with the stolen motorcycle and the "shaky story", you may want to have your ducks in a row before you get your nuts in a vice. Number six: Return the bike to the original owner with the crew from numbers one through five in tow. You do not need the hassle. Get your money back plus any money you can charge him for the work on the bike you have done. Unfortunately, you may lose the bike anyway in the ensuing legal mess. Number seven: Do numbers one through six as quickly as possible. THIS IS IMPORTANT. Number eight: Avoid this guy like the plague. You do not want to work out a deal with him. It might be tempting to try to return the bike to him immediately before doing numbers one through seven but that will only make you look guilt and will not guaranty that he will drop the charges. He might even dispose of the bike a different way. By not reporting him, you are an accomplice. Plus, if he has already filed a false police report, you are part of that charge whether you want to be or not. You are innocent until proven guilty unless you are standing in front of a cop. Once he files the fraudulent insurance claim, you are then part of a felony offense. The only way not to be, at the very least, an accomplise, is to come forward with what you know and with proof. http://www.tdi.state.tx.us/fraud/onliner... |
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