My question involves insurance law for the state of: Texas
I purchased an out-of-state (Chicago, IL) Harley Davidson motorcycle from an individual 17 years ago (1995). I promptly took the signed title to the tax assessor in Texas and had it titled in my name. Last month it was stolen from me, and I reported it to the police. The police subsequently recovered the motorcycle.
One would think this was good news, but the authorities have ceased the motorcycle! During their investigation to recover my Harley the police found that the bike appears to have been previously reported as stolen and an insurance claim was paid on it. This is now pending an ownership hearing in court. The insurance company will be sending one of their representatives to the hearing.
1. Since I successfully transferred the title 17 years ago is there anything like ‘Adverse Possession’ of a vehicle?
2. If, after selling the motorcycle to me, the previous owner himself reported it stolen to collect on a fraudulent claim, can the insurance company still pursue ownership rights from me?
3. This was transferred to me legally, I have paid the registration on it for 17 years, and I have even received traffic tickets on it over the years… How is it possible that is now showing up as stolen?
4. Is there ANYTHING that I can do to prevail against the prior insurance company and retain my ownership? (This is especially distressing as I have spent 10’s of thousands of dollars on modifications)