If your loan agreement requires you to carry ins (most do) and you drop it, then you will be in default of the contract. You better make SURE the payments get to the lender PROMPTLY so they dont take a second look at your record when the ins. co. tells them you dropped the ins.
If it drives, take it to the finance company and hand them the keys.
No, as long as you have let your insurance company know they car is stolen.
Often, if you begin paying, you have to continue paying, even if you're not the father. See related link
no
No. They are required to continue to offer coverage, but they are not required to continue paying for it. You would be responsible for the full premiums.
Assuming you had health insurance when you were employed, you may continue that insurance through the COBRA program by paying the applicable premium. Those premiums will be much larger than the ones you were paying while you were employed.
If a person is paying for Anthem Heath Insurance throug their job and they are quitting, the compaby will cancel the insurance. A person will also recieve a letter in the mail, which will ask if they want to continue paying full price for their coverage.
not paying your monthly bill on it
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
NO
IF the car was stolen, reported as stolen to the cops, the ins. should be paying the loan off. IF the ins. co. does not think the car is stolen, they wont pay and its as if the car was NOT stolen. So, you have to pay notes and insurance on the collateral. Bottom line??? HELP the ins. prove it was stolen and the problem will go away. MERRY CHRISTMAS.
You are liable for everything. Fixing the car, paying for the car (the balance of the contract) and repo fees.