quazar311 wrote:

charlie wrote:So I'm curious. What happens in a situation like this? I know that insurance can never really give you back the time and character that you put into a car (particularly an older car) but was he given a settlement when it disappeared? Now that it is found, what's left of it anyway, does the insurance company own it? Does he just get it back with a salvaged title or something? As bittersweet as this situation is, what happens now?

So Mikey got a settlement from the ins after a period of time where the car wasn't recovered.. so the ins now holds the title on it. The ins is going to send the car to a salvage auction to recover some of the money they paid out.. however you have to have a dealers license to buy a car at the salvage auction.

Luckily, Mikey's dad has both a dealers license and a salvage license so they are going to bid on the car to get it back. They just don't know how much it's going to go for.