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Can a car be repossessed due to cancelled insurance in South Carolina?
Wiki User
∙ 13y ago
You would have to read the specifics of your financing contract. Generally you are required to maintain liability and comprehensive insurance coverage, and if you fail to do so then you are in default on the contract. Sometimes the contract allows the lender to immediately force you to buy their insurance at an outrageous price. Once you are in default, the lender may repo the car.
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoYes, pretty much every auto finance contract these days requires that you maintain full coverage auto insurance until the note is paid off. Failure to maintain the required coverage constitutes a breach of contract "AKA default", subjecting the vehicle to repossession per the terms of your finance note.
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not likely
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www.progressive.com and www.esurance.com will both give you competing rates for insurance in South Carolina.
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Yes, you might be able to get a discount on your car insurance. This will heavily depend on the provider of your insurance.
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GEICO
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yes.
Who has the best Inland Marine Insurance in South Carolina?
Progressive offers baot insurance in the SC area. You can also check with Frasier Insurance.
Does auto insurance policy have to be in the same name as on the title?
does the name on the insurance policy have to be the same as the title in anderson south carolina
