It’s time for the next installment of Holcomb Law Group law series “Insurance Law from A to Z.” This was put together by our litigation group who practice in the insurance law arena. Of course, if you have questions about these or any other topics please do not hesitate to contact us.
This week’s installment – Repair Shop
Insurer cannot require a specific repair shop. However, the insurer is only required to pay the lowest possible amount for which the repair could properly and fairly be made within a reasonable geographic area. Miss. Code Ann. § 83-11-501.
Draft/Check
When there is not a total loss, the insurer must add the name of the repair shop or any lien holders as a payee on a check. In the case of a total loss, the insurer must add the name of any lien holder to the insured as payee on the check. Miss. Code Ann. § 83-11-551.
Salvage Title Law
Salvage titling is governed by Title 35, Part 7 of the Mississippi Administrative Code.
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The information contained in this post is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved. Given the changing nature of laws, rules and regulations, there may be omissions or inaccuracies in information contained in this report. Accordingly, the information in this report is provided with the understanding that the authors are not herein engaged in rendering legal, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with legal or other competent advisers. Before making any decision or taking any action, you should consult with your counsel or the attorneys at Holcomb Law Group.
