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Wrongful conversion is to protect you against loss following the purchase of a vehicle from someone who is not the true owner. Personal Accident and Assault. Personal Accident and Assault covers bodily injury to you or your employees as a result of an accident caused by theft or attempted theft.
Traditionally, a conversion occurs when some chattel is lost, then found by another who appropriates it to his own use without legal authority to do so.It has also applied in cases where chattels were bailed for safekeeping, then misused or misappropriated by the bailee or a third party.
This crime, known as criminal conversion, is taken very seriously. It can be labeled as a misdemeanor or felony that carries fines and years in prison. If you have been charged with criminal conversion, you may feel as if you are being unfairly accused.
Criminal Conversion: A person who knowingly or intentionally exerts unauthorized control over the property of another person commits criminal conversion.
Prosecutors are responsible for bringing charges against people who have stolen property. Conversion is the civil equivalent of criminal theft charges. Individuals who want to sue to reclaim the value of their property may sue in small claims court or by hiring a civil attorney to handle the case for them.
Conversion can occur when someone, acting without your consent, does any of the following with your property: Takes and fails to return your property. Sells your property. Substantially changes your property, like cutting down trees to use the wood in construction.
Conversion is the deprivation of another's right to use or possess personal property. A conversion occurs when a person without authority or permission intentionally takes the personal property of another or deprives another of possession of personal property.
Conversion is a tort that exposes you to liability for damages in a civil lawsuit. It applies when someone intentionally interferes with personal property belonging to another person.