Thread: theft vs fraud
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Old 06-23-2008, 03:15 PM
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sixto sixto is offline
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Join Date: Jun 2000
Location: Eastern TN
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theft vs fraud

A friend of friend gave up a leased car to an on-line lease trading service. Turns out it was a scam -- they took the car and disappeared. The paper trail leads nowhere, police can't be of further help unless the car is recovered.

Insurance won't cover it as a theft because the car was surrendered voluntarily... however different that is from voluntarily ceding your car to a carjacker.

There might be details in the policy but what do folks think of this situation? Is it worth suing the insurance company? Are leased cars covered for the value of the car or the remainder of lease payments?

Sixto
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