pigeon wrote:
I can't believe it but I'm going to defend the insurance company. If it was a private individual instead of an insurance company would it still be scummy? If your car got stolen 30 years ago and you still held title when it turned up recently restored would you feel bad for the restoration shop? Allstate paid the insurance claim and got title to the vehicle. They still own it. The restoration shop must have bought it without a title - if so they took the risk that it was stolen. Calling the cops before buying it and having the VIN run would have confirmed that. So, tough luck, don't traffic in potentially stolen goods.
If it was a private individual instead of an insurance company would it still be scummy? Yep. The person that the car was stolen from was compensated for the value of the car at the time it happened. In essence, the car was purchased from them by the insurance company. There is really no reason for the individual to have any claim to it.
If the car hadn't been insured, as far as I know, it still would belong to that individual and they would still be legally entitled to it. However, if the restoration shop bought it in good faith and all paperwork was done legally and appeared to check out, I think it would be scummy of that individual to take it back after 30 years without coming to some kind of settlement for all the work and material expense that brings the value of this vehicle to what it is. To me that would make you as much or more of a thief than the one who stole it to begin with. But, if you can live with that, enjoy the money. Karma's a bitch.
As far as tracking down that it was stolen, here cars built before 1981 don't have titles and other states don't title cars 15-25 years old or older. All you need is a bill of sale. There are plenty of cars that have been off the road long enough for there to be no record of them at the DMV. I suppose you could call all 50 states and see if there was record of theft. How many people have done that? Any takers? Maybe it was stolen in Germany? Should I call all countries, too? My point is that whenever I purchase a car and there is record of it being legally registered by the previous owner and all paperwork seems to be in order, I don't think it is unreasonable to believe that I don't need to search any deeper.