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Thank you for the information and your question, however, some of the details are lacking in order to respond properly. First, just for clarification are we talking about a vehicle? Second, who sold the vehicle to whom? Who had the accident in the vehicle? The old owner or the new owner? Why is it not clear about what day the title was signed by both parties? Whose insurance company is denying coverage? Old owner or new owner?
Thank you for your reply, however, the key to answering your question is when title actually transferred. In other words, the sale over the phone is not the transfer of title, or even a binding sale for that matter, there must have been an actual title transfer (assuming this is a trailer that must be titled) or bill of sale completed. Whatever day that title was signed was when ownership transferred and when insurance coverage would start. In other words, you can't have coverage on a vehicle you don't own. If the accident occurred before title was transferred or bill of sale was completed, then the seller's insurance should cover the damage.
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No, as mentioned, it would not be enough to transfer ownership. There must be an exchange of money and then some additional act to transfer ownership, i.e. bill of sale or signature on a title.
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