I sold my van a mon ago, guys insurance company calls telling me that...

Question

the van was a total loss(it burned) they asked how much we sold it 4 and we told them, we found out that the buyer had told them that he paid much more for the van, what now,with him or us(ie court appearance),u think he'll be mad/have a grudge? If he had called me before he decided to make the claim I woullda probably played along, too bad 4 him

Answer 1

It doesn't matter, from an insurance point of view.  You don't insure the van based on what you PAID for it, you base it on the ACTUAL CASH VALUE.  

Now, if you sold it for much less than it was worth, that's one thing - then he can make a profit burning it.