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Can I carry the insurance on a car that is financed in my spouses name if he is no longer able to drive?
Wiki User
∙ 14y ago
You should check with your insurance agent how you should carry the insurance on a car not financed in your name. Each of the 50 states in the United States has its own insurance regulations. Each state requires its agents to know the insurance regulations.
Wiki User
∙ 14y ago
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Does Virginia Law allow spouses to have separate Insurance policies?
Spouses are allowed to carry separate insurance policies, as there are no laws stating otherwise. However, it is generally more cost effective for spouses to carry one together.
How long do I need full insurance coverage on a financed vehicle?
In California, anyway, you need full insurance coverage on a car the whole time it is financed. After its paid off, you can drop a bunch of the coverage and just carry liability.
What does the lender do when a financed car is totaled and there is no insurance?
Sue the owner of the car, since the owner was likely required to carry insurance as part of the financing deal.
What if you don't have homeowners insurance?
If you don't carry homeowners insurance and you have your home financed, you are breaking the contract and your bank will take out a forced place policy to cover their interest in the home and you will have to pay the premium which is far more than a homeowners policy. If it's not financed, you take the entire risk of loss upon yourself.
I have an ATV financed through Honda and it has been stolen from my yard is my loan covered even if i don't carry ATV insurance on the bike?
I am sorry but no. You must have insurance. If you bought from Honda they could only replace a part if necessary.
Can you buy back your totaled financed car lets say my car is financed and I get into an accident that totals my car. I know the insurance will pay out the bank but can i still buy it back after?
Yes, you can usually but it back because it is then between you and the insurance company. But keep in mind your insurance company normally pays the ACV (Actual Cash Value) which may not be what you actually owe on the vehicle unless you carry Gap insurance. Gap Insurance is an additional coverage that covers the balance of the loan between the ACV and remaining Balance.
Can you carry auto insurance with no car?
You have to have a vehicle to carry auto insurance.
What is pmi insurance?
PMI is a type of mortgage insurance that insures the bank for repayment of the home mortgage. Banks generally make you pay for PMI insurance if you are within 80% of the appraised value of the home financed. For example if you have a home that is appraised at $200,000 and the balance on the mortgage is $160,000 or more then the bank will require you to carry PMI insurance. PMI insurance only covers the bank but the homeowner is the one who has to pay the premium.
It is not necessary for a business to carry business insurance.?
It is not necessary for a business to carry business insurance.
Can you keep the health insurance you get from your parents if you get married?
It depends on the insurance company, but I personally have never known of a company that would allow a parent to continue to carry insurance on a child after that child married, because at that point, you are no longer a 'dependant' of your parents.
Does a auto repair body shop have to carry insurance?
yes it has to carry insurance because they are dealing with so many of other people's cars there for they have to carry auto insurance.
If you buy a car for 28000 and pay 800 down in addition to the added fees are you financed on the remaining 27200?
Not Exactly. You Will Have To Carry Life Insurance, Probably Some Type Of Other Insurance, Plus Taxes, Filing Fees, Ect. Check Into It With You Dealer And Bank. Good Luck If you mean financed for the loan balance, that would depend upon whether or not the borrower qualifies for the loan amount, based on credit rating, income, etc. The buyer will be required to pay out of pocket, sales tax, licensing fees (registration, titling, etc.) and carry full insurance coverage until the vehicle is paid for, those are costs that are not included in the purchasing contract
