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Yes. All finance contracts have requirements for providing and maintaining Comprehensive and Collision coverage on a vehicle being financed under the contract. If you allow your insurance to cancel without providing replacement coverage, you have violated your contract and the vehicle will be repossessed.
Wiki User
∙ 7y ago
Wiki User
∙ 7y agoWell, yes - in any finance agreement, there'll typically be a clause stating that the vehicle must remain legal during the lien period. An uninsured car on a public roadway, if the driver is caught, will go to impound.
Wiki User
∙ 8y agoYes, If in your purchase contract you agreed to maintain insurance, then failure to do so would create a breach of contract subjecting the vehicle to repossession.
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Where can I find affordable car insurance in VA?
You can go to dmv.com to search for car insurance in the VA region for free.
What is the Law for driving without car insurance in Virginia?
If your car is registered in VA and you live there, and they find out that it's not insured, they will fine you $500 PER CAR for not having insurance. They'll find out eventually.
Can you get tags in the state of va with no car insurance?
No. No state allows this.
Where can I find cheap car insurance in virginia?
www.cheapcarinsurance.net/cheap-car-insurance-in-virginia-va/ can help you find some
Is there a cheaper car insurance other than GEICO in VA?
Currently Geico is offering the lowest rates in the VA area.
What are some popular car insurance companies in VA?
Geico insurance and State Farm are easily the most popular insurances in Virginia.
Where can I get car insurance in VA?
You can find car insurance in Virginia at any auto insurance dealer, such as State Farm or Allstate. You can also locate many private dealers in Virginia by looking them up on the internet.
Is it procedure to have to fill out a new credit application with your current finance company to get the car out of repossession in VA?
It may be a result of the repo with the lender you deal with. It usually happens after you were hard to locate when in default and/or they had to search for the car.
Where would they take a repo vehicle if your lender is in va and you live in ms?
It all varies by your state laws. but normally the lender will search for repo and towing companies in the area where they think you are and they search for you and come and tow your car to a tow company or repo company lot, then they contact your lender, so you need to contact your lender to arrange payment or to get your stuff out of your car. Hope This helps Adam OUT
Where can I find a quote online for car insurance in VA?
Check out this website: www.autosinfo.com/insurance/state/Virginia. They also have statistics on average auto insurance costs for each state the current and previous years.
Can you carry legally a repossession agent badge in Virginia?
NO repo agents are not certified in VA but to be a private eye you would have to be certified by the state a VA
Where can I get car insurance information in VA?
Go to http://www.carinsurancequotes.com/ You can get multiple quotes from several companies by simply answering a few questions.
