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Can your car be repossessed if the payments are up to date however the insurance has expired?
Wiki User
∙ 8y ago
it depends on the stipulations in your contract. in most cases any breach of cantract can be grounds for repo
Wiki User
∙ 8y ago
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Can a car get repossessed if a person is late paying registration?
No. However, if it's parked on a public roadway with an expired registration, it may be impounded, however.
Can anyone reposes cars?
Yes, your car can be repossessed by a company if you are behind on payments. However, it has to be a licensed repossess to be able to do this.
Could paying the missed payments can help get the repossessed van back?
In MOST cases, if you pay the repo fees and catch up on your payments, you can get the car back. Sometimes, however, the bank will want you to pay the entire balance.
Can your truck be repossessed if you are using it for income?
Yes, your truck can be repossessed even if you are using it to earn an income, however, you can tell your creditor that you are earning money with your truck, and that if the creditor does not repossess the truck you will use that income to make payments on your loan. Of course, if you are not making payments, and spending all of your income on other things, then the creditor has no motive to let you keep the truck.
You received a ticket for no proof of insurance and expired tags However the car was then repossessed by the bank So you cant obtain insurance on the vehicle to show the court How do you clear this?
Actually, if you move quickly, you can still secure insurance on the vehicle. Here's what you do:You will need the vehicle registration, so if you are like the 99% of us out here who leave it in the glove box, go claim your property and get the registration.With the registration, get your insurance.renew your tagsClear it with the court.If after a couple days you do not intend to redeem the vehicle, cancel the insurance.
Is it legal in NC to purchase car insurance with expired license?
If the insurance company will insure the car, there's no law against it. However, it won't be covered if YOU drive it with a 'dead' license.
What is special about a universal insurance?
Universal life insurance is special in that it allows the policy owner to alter the time period and amount of premium payments as well as the death benefit and you can do this while the policy is in effect. However the altered payments must be with limitations of the company you are getting the insurance through.
What is the grace period for car insurance renewal in Mississippi?
When your insurance is expired, You no longer have insurance. There is no grace period in which you still have coverage when your policy is expired. Your company may give you up to 30 days in which to renew your policy before they surcharge you and you lose your prior coverage discount. This is however totally at their discretion and you still have no coverage in the mean time until you renew your policy.
You were hit by a car while driving your boyfriend's car the tags on his car had expired three days earlier will insurance cover his car?
Most likely, yes. Most insurance companies ask for two months in advance when you get insurance. Just because his tags expired doesn't mean he was not insured at the time of the accident. However, if you are not insured on his policy they may not cover you.
What program provides medical insurance to people of 65 years old?
Medicare. However it requires monthly payments of premiums by the insured.
Can my vehicle be repossessed for no insurance?
It is not outside the realm of possibility; however, it would need to be a provision in the original sales contract. Since all of the US states require insurance of some sort on all vehicles, it is possible that a lender has written this in to the contract. It would protect their collateral in the event insurance lapsed.
If you do not renew your policy with a certain insurance company can they still charge you?
The insurance company cannot charge you once your policy is over. However, you may get charges for overdue payments, or if you signed up for automatic renewal.
