Going through a total loss settlement negotiation for my car with insurance. In parallel they’re asking to sign power of attorney for title transfer. Does this make sense to do when I’m still negotiating the settlement amount ? Trying to think what other leverage i would have if I sign over the vehicle (which itself isn’t much to begin with)
TIA!

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The only reason I can think of is that they want to do some kind inspection or testing on it. I wouldn’t sign anything over til a settlement agreement is reached and signed. Then if they don’t pay you still can get something out of the wrecked car if you need to.

Don’t sign the title transfer until you have an amount in hand. Look for comparable retail sales for your car to establish a value.

If you are unhappy with your settlement there are companies that can act as an independent appraiser. Most states have this clause in your policy. I follow someone on linked in that gets 2-5k+ more than initial appraisals for total loss settlements for people. Message me if you want their details.

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