NLIC.org

Tyler Said:

Bought a car and dmv stated need new title?

We Answered:

Since you didn't check for correctness at the time, or take care of things in a timely manner, about your only option now if you really can't find the person is to go the expensive and time consuming route of the bonded title.

Angela Said:

price of title insurance in NEW york?

We Answered:

Your best bet is to go and check it out yourself based on the cost of your purchase. NY State regulates the price a title insurance company can charge.

http://www.firstamny.com/prices.aspx

Best of luck

Martha Said:

Is there a school in New York that teaches about Title Insurance?

We Answered:

Title insurance would be covered as one of the topics under Professional Liability for Mortgage brokers by the PLUS institute, if you are interested in learning about it from the insurance point of view. It would also be covered under the Legal studies if you are thinking of taking it up from a legal aspect.

Thanks

Gloria Said:

Do all motorcycles have to have insurance? Can it have a legit title/registed but no insurance?

We Answered:

No.

All vehicles registered for use on the public highway have to have insurance. Just because a motorcycle can do 70+ mph and does not have any doors does not mean it does not need to be insured.

The sport bikes tend to be more expensive to insure than the cruising bikes. And just because it has 2 wheels instead of 4 - does not mean it will be cheaper than a car to insure. The rate of injuries for motorcycle riders and passengers is very very high. (In folks in the medical profession call them "donor-cycles" for a reason)

Also - you want to put Under-Insured motorist coverage on the bike. I've handled a lot of motorcycle claims and most of the folks have not been killed- have been severely injured. The insurance limits of the car that hit them has never been enough to cover the medical bills. Therefore, in my personal opinion - under-insured motorist coverage is a must if you are going to have a motorcycle.

If you have a choice of one of the two as you main means of transportation - consider the car. You can drive it in the rain, it's easier to bring groceries home from the store, your dates hair won't get messed up and it's harder to steal.

Florence Said:

can I sign my husbands name on the veichle title over to me. I live in new York State.?

We Answered:

Technically, if it doesn't said a Notary is needed, you can. But that is illegal, and if he ever contested it in court, you would get nailed for it.

Best case scenario is to take him to small claims court. Or if you are in the process of a divorce, ask for it to be awarded to you in the decree. If you are not getting a divorce...
Well, you probably should if he is an ***.

Good luck

Pamela Said:

Can a New York auto insurance company (Allstate) turn my cars title into a salvaged title?

We Answered:

Salvage Branding of New York State Registered Vehicles

DMV Commissioner's Regulations require the DMV to mark or "brand" a title certificate if:
-a vehicle is eight model years old or newer, and
-the owner indicated that the vehicle was destroyed or received damage of 75% or more of the retail value of the vehicle at the time the damage occurred.
The owner must mark the box next to the statement on the back of the title certificate to certify the damage. The statement appears on NYS title certificates that display a print date of "12/94" or later. If the title certificate displays a print date earlier than "12/94", the owner must complete form MV-103 (Odometer and Damage Disclosure Statement) and mark the box in the section labeled "Damage Disclosure Statement".
If you fail to disclose damage, you can pay a maximum fine of $2000, and any additional penalties according to the NYS Penal Law.

The DMV must examine the vehicle. If the DMV issues a title certificate, the certificate receives a brand that displays: "REBUILT SALVAGE:NY". Get more information about the Salvage Vehicle Examination Program.

When form MV-907A (Salvage Certificate) is the proof of ownership for a vehicle, the applicant must apply for a title certificate only (see above). The title certificate will display "REBUILT SALVAGE:NY".

http://www.nysdmv.com/salvage.htm

Per the DMV website it indicates a vehicle 8 years old or newer, also with the damage at 75% or more the retail value of the car.


Allstate is offering you 50% of what??? The estimated cost of the damages, replacement cost, the retail value of your car (or book value), or ACV/ fair market value?

I would not take settlement until you have come to an agreement with Allstate. Try to look up on www.NADA.com what the Actual cash value or fair market value would be. This should get you pretty close to what the insurance company should pay if it is a total loss. It won't be exact, but a guesstimate.

Good Luck!

EDIT:
It sounds like Allstate only wants to offer 50% b/c they feel that their insured is only 1/2 liable for the accident. But your insurance company feels you are not liable at all.
I would go after Allstate full force!!! Take these steps:
Call Allstate again and find out if they have accepted FULL liability for their insured... if so, why are they only offering 50%? If you don't get anywhere with that call, ask to talk to a supervisor. If you are not getting anywhere with the supervisor, let the supervisor know that you will be turing them into the Insurance commissioner for unfair claims handling.... see if that helps. If not.... follow through and report them!! Don't just make the threat w/o following through with your actions. Here's a link for NY insurance commissioner:
http://www.ins.state.ny.us/complhow.htm