Squires’ vehicle was stolen from an automotive interior shop in Spokane in 1974 and the insurance issued the payout, considering the Bus a lost cause. Last year, the Customs Office in Los Angeles gave her a call and informed her that the bus has been found. The bus had been restored and was on its way to Germany when Customs ran the VIN and found that the Bus belonged to Squires.
However, it was not time for celebration for Squires yet. Since Squires' insurance company already paid the claim to the bus, they claimed ownership, and put it on auction. Squires attempted to stop the insurance company from doing so with the help of a lawyer who volunteered his service but failed eventually. Squires' made a last ditch effort to save the bus by bidding on it but she was outbid by a bidder who resides in Germany. This is when lady luck starts to shine on her.
Due to paperwork complications, the bus was unable to leave the country to Germany. This was Squires' final chance to purchase the bus, a chance which she jumped at and finally claimed ownership to the bus. Since she repossessed the bus before Christmas last year, she drove her grandchildren back down to California as a Christmas present.
I am wondering if the insurance company has the rights to claim ownership of a lost vehicle which is found after the payout has been issued. Could the owner return the payout to the insurance company and regain ownership of his/her vehicle?