A partner at my company was involved in an auto accident where the other
driver was at-fault, but underinsured. Our Ins. Co. is covering the totaled out vehicle. Agreement was reached on the value with our provider. The lien holder required an amount some $2000 above the payoff value to release the title to our insurance co. Is that legal in the State of NC? Thank You for a response.
Answer
Not enough details to be able to tell. Consult an attorney experienced in insurance law with a copy of your insurance policy.
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