Here’s a little cautionary tale for you all.
Back in 2000, I sold my car. We didn't bother with the official title transfer at the DMV; we just had the bill of sale notarized and called it a day. Fast forward to 2002: some random person—definitely not the guy I actually sold the car to—gets into a wreck in that exact same vehicle, which was uninsured and unregistered. The other driver's insurance company reaches out to me looking for insurance info on the car, trying to avoid having to sue for damages. I immediately sent them the notarized bill of sale, proving I wasn't the owner anymore, and figured the whole thing was dead and buried. After all, I hadn't heard a peep from them for years—until yesterday!! Suddenly, I get slapped with a lawsuit filed way back in 2007. They're coming after me, as the "owner," and the driver for roughly $7333 plus interest and all the legal fees and court costs. If I don't respond within 15 days, they'll claim I defaulted and start seizing my assets. It is a total stroke of LUCK that I still have that bill of sale tucked away eight years after selling the car; otherwise, I'd be in deep trouble. I’ll attach it to my response and hand it over to the court, but man, it infuriates me that I have to waste my precious time dealing with this when I'm completely innocent.
The bottom line here? It’s obvious the insurance company couldn't squeeze money out of the actual driver or the person who owned it back then (I lost track of them in '02), so they thought, "Hey, maybe this person is an easy target we can bleed dry." Who would've thought someone would actually keep a contract for that long?
I'm really hoping our legal system isn't totally broken and that they'll wrap this up quickly so I can get these money-hungry vampires off my back.
Seriously though, folks, save every single scrap of paper, every receipt, every contract... because you never know who might come knocking on your door years down the road with some nonsensical demand!!