The seller, an auto broker, shipped him the vehicle, but didn't send the title. Two months later, the seller filed for bankruptcy, and Mr. Daniels decided to protect himself and purchase TitleGuard. Then, one of the company's employees contacted Mr. Daniels claiming that the car was his payment as part of the bankruptcy agreement and that the title, which Mr. Daniels hadn't received yet, proved it. TitleGuard determined that Mr. Daniels was the rightful owner of the vehicle, and ultimately bought the car from him for what he paid (including interest on his auto loan) to shield him from any continuing dispute with the employee.
Tags:
Liability coverage
Auto Loan
Individual Motorists
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