RE: Can insurance pay lien holder without my approval in case of total loss?

I had purchased a motorcycle in California on which there was a theft attempt, the thieves vandalised the motorcycle to such an extent that insurance company declared it as a total loss.

swathi Gold Asked on January 29, 2021 in Business & Finance.
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They do not need your approval. And It isn’t their choice, They legally MUST pay the lien holder. It (legally) isn’t even your car. It belongs to the lien holder. Read your loan contract and you will understand. You will see the words “loss payee” or similar words. The loss payee will be your lien holder.

Star Answered on January 29, 2021.
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