Well, what are the odds.

2 threads?

What are the odds?

I was going to say that.


What are... NO, break the cycle!

"Allstate Insurance Company, which paid the original owner for the loss decades ago, now owns the van, according to Allstate spokeswoman Megan Brunet. "

What a bummer, given its value increase XD

That's ridiculous! Sucks for the former owner...

Well, I guess the money he was paid also increased in value over the years. So did the burgers he bought with it. :v

It's a small world after all.

It's funny to think of a van being shipped to Germany.

Allstate Insurance Company, which paid the original owner for the loss decades ago, now owns the van, according to Allstate spokeswoman Megan Brunet.



Expected/10

Proof that no one should have insurance.

Not really, had he kept the van, it probably wouldn't have been in such good shape.

Well even so, that's better than no van at all

Well, gee.

They paid for a replacement concerning their clients loss, in no way they purchased their stolen van from them.

The law likely states otherwise and if not, I smell a law suet. That's a nice chunk of change.

I would sue. Regardless of their state law.

And you
d likely lose.

You would lose, once you have been compensated for your vehicle, the insurance company owns any right to it, they basically have bought it from you even if they don't receive it.


If it's recovered they get it. This is similar to a totaled vehicle, if they give you the money it's worth, they take the vehicle and either rehab it and sell it, or just sell it.


At the time of the loss it was worth X dollars, he got X dollars, he is complete, he has no loss. Just because they get it 35 years later and its worth Y now, it doesn't matter.

An insurance policy is a legally binding contract between an insurance company and the person who buys the policy. In exchange for payment of a specified sum of money, the insurance company agrees to pay for certain types of loss or damage as specified by the contract. Insurance policies offer protection against economic loss, that is, loss or damage which can be measured in purely financial terms and compensated by money. When a loss occurs which meets all of the requirements described by the terms of an insurance policy, the loss is said to be "covered" by that policy. The consumer is paying on a regular basis to have some sort of security from monetary losses, in no way he is selling the rights for his loss to the insurance company.
Its a damn good reason to sue, and even if the state law specifically states that the insurance company owns whatever property they compensante for the loss, it is a good opportunity to change said law. And make a buck.

Economic loss at the time, not in the future.


Also I would be willing to bet you, there are terms in the contract stating a full payout means the insurance company owns the vehicle if recovered.