0
Can a car be repossessed because of no collision insurance when standard insurance was active on the car?
Wiki User
∙ 13y ago
If your contract requires full coverage and you do not have full coverage, you are in violation of the contract.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Does gap insurance protect you if your car is repossessed?
yes, because it is so stupied that it is how i think
Does insurance help with rental when car repossessed?
I've never heard of an insurance policy that covers repossession. Remember, the car doesn't actually belong to you -- it was repossessed because you failed to honor the contract of repayment of the loan to buy it.
Can your car get repossessed for not paying your insurance?
IF your loan contract specifies that you must maintain insurance covering the vehicle, the answer is YES. Just an echo of the previous answer, most major lenders require that the vehicle maintain full coverage insurance. It states in your finance agreement that the vehicle must remain insured or it can be repossessed.
Does comprehensive auto insurance cover roll over due to black ice?
No. This would be a collision claim because all roll-overs no matter the cause are collision claims.
My girlfriend canceled my insurance and called the car lot My car was repossessed to get the car back they want to be paid off in full what are my legal rights do I have any options?
If you owed money on the car (which is probably why it was repossessed), you need to pay what they demand. Check the paper you signed when buying the car if you think they are 'demanding' something different than you signed. Your girlfriend was smart to cancel the insurance, since a repossessed car does not need insurance. You cannot sue your girlfriend for calling the car lot, or for cancelling the insurance, because you cannot show DAMAGES to yourself.
How do i go about getting my totaled and financed car covered by an insurance company that let me get a policy with no collision?
The insurance company would not have required you to get insurance coverage, as it is an optional coverage from the insurer's standpoint. The bigger issue is that the company through which you financed the car would have required collision coverage because it was interested in protecting the value of the collateral. Therefore, it may have obtained "forced-placed" collision coverage on the car and charged the premium to you (through your car payment). If that was done, you would normally have rec'd notice of it and been given a chance to get collision coverage and produce proof of it. Furthermore, collision coverage would have to have been in force at the time of the collision; it would not be retroactively applied to cover the loss.
Can your licenses be suspended if you were the person supplying insurance on a repossessed car and you cancel the insurance?
Yes it happened to a friend of mine he wasn't even aware that the insurance had been cancelled and when he got stopped at a check point they told him that his lincence had been suspended because he did not have insurance he paid a huge fine.
What happens if you had been in an accident and it was considered 5050 because there was no way to prove who was at fault but you had only comprehensive and collision and no liability insurance?
Both insurance companies will pay for their own, depending on your policy coverage.
I don't drive my financed car. Do i need auto insurance?
Undoubtedly your finance contract requires full-coverage insurance. They will want it insured because there are other causes of loss besides collision.
Car Collision Insurance?
It is vitally important for motorists in the United States to have car collision insurance, or some other form of automotive insurance, to protect them and other motorists when driving on the country's roads. Car collision insurance keeps drivers, their passengers, and other motorists safe when on the roads. There are close to 6.5 million automotive accidents in the United States each year, with over 42,000 deaths occurring each year because of these accidents. The estimated cost of automotive accidents in the United States each year 230 billion dollars. That money goes towards repairing vehicles, repairing damaged roads, replacing road signs and from lawsuits. Close to 115 people die each day as a result of motor vehicle accidents in the United States, which averages out to one death every 13 minutes. These stats are provided by the Federal Highway Administration.Car collision insurance is not required by law, like liability insurance is, across the country. Car collision insurance is an option available for drivers in the United States. Collision insurance protects drivers against a collision with another vehicle or with an object. No matter the cause of the collision, the driver of the vehicle is protected against collision damages to their vehicle if they have this type of vehicle insurance. Many drivers who operate older vehicles typically decline car collision insurance when purchasing auto insurance because the vehicle is so old they might just buy a new one should they get into an accident. More often than not, new car buyers will acquire car collision insurance to protect their new purchase. Car collision insurance is required when the driver purchases the vehicle with a bank loan or funds lended to them from another type of lending institution.The premiums for car collision insurance can be extremely high if the driver chooses low deductibles. But, if the driver chooses higher deductibles for their policy they can expect to pay much lower premiums. For example, say the driver pays a $1,500 deductible, they will need to pay this fee when involved in an accident. Should the value of the damage from a collision hit $10,000, the driver only needs to pay $1,500 towards the vehicle's repairs. On the other hand, if the accident only costs $2,000 in damage, the driver will need to pay $1,500 towards the cost of repairs and the insurance company will pay the final $500, which does not seem like a strong deal.
Are there any non standard auto insurance company in new York area?
no because you pooped
Is a boiler cover a type of insurance?
There is a type of insurance that is often called boiler cover insurance. Because boilers are not usually covered by standard home insurance you can get a separate policy that covers just the boiler.
