Q: I want to keep my damaged car, must I sign POA form?
I'm in Las Vegas, Nevada.
My 2014 Cadillac XTS is totaled. The accident was deemed my fault.
I want to keep my damaged car, must I sign POA form?
I owe $21,585.15 to Chase Auto Loan, the insurance is offering $24,415.00
The insurance company wants me to sign power of attorney form, but I do not want to do that because I'd like to keep my car and sell it overseas or just sell it for parts.
In the state of Nevada, is it a must that I sign such document or can I still get things done without it?
This is what the adjuster said when I asked her "Your state requires this for all total loss vehicles"
Is that true?
Thank you for the help.
A: Understand you won't get 24 k if you want the car--you have to buy it back from them for salvage. Looks like you are getting a decent deal--take it. You say the wreck was deemed your fault. If you agree fine. If not, why not contact a member of the Nevada Trial Lawyers Assn--they give free consults.
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