Do car dealerships or auto financing companies provide information to insurance companies in case of a theft?
Atlanta, GA
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Posted 4 months ago in Car / Auto Accident
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I bought a car approximately three months ago through a dealership, and also did my financing through them. The car was stolen a week ago. Now the insurance company is asking me what the purchase price was, and my down payment, etc. Some friends of mine have advised me to say that I don't remember, or to even give them a higher figure, so that they don't "lowball" me. First of all, is this a good idea? And if so, will my financing company, or the dealership, provide information to my insurance company if they request it. I certainly don't want to get caught lying, and have it look like I am being fraudulent. Thanks so much for any help you can provide me!
Answers (3)Keith Samuel Hasson
This attorney is licensed in Georgia and 1 other state.
Posted 4 months ago.
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Artificially inflating the purchase price and/or value of the car to recover more on an insurance claim could subject you to both civil liability and criminal prosecution. Tell the truth.
Glen Edward Ashman
This attorney is licensed in Georgia.
Posted 4 months ago.
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Tell the truth, and the questions they are asking are relevant. In being evasive, you may slow the handling of your case.
Ellaretha Jones
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