0
Can your car be repossessed if your insurance incorrectly told the lender your policy had been cancelled?
Wiki User
∙ 8y ago
IF the ins. co. told the lender the policy was canceled, then you were in DEFAULT and the lender will repo.The lender and the ins. co. will have to get that straightened out.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Can a vehicle be repossessed for insurance lapsing?
I would not think so, but, your lender does require that you carry collision insurance on the car, which is the lender's collateral. It depends on what the note you signed says about this. Read it.
How can you get a repossessed car back when it was taken for lack of insurance in Florida if you have had insurance the entire time?
CALL the LENDER. Clear up the ins. dispute with them and go from there.
Can someone report your car to be repossessed if they know that you do not have insurance?
IF they hate you enough, IF they can find out who your lender is, IF the lender wants to repo because of that fact, The ins. co. is supposed to notify the lender anyway if you let the policy lapse....
How can you locate your repossessed car?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
What do you do when your vehicle has been repossessed during an insurance claim in Texas?
Same as any other repossession, CALL the LENDER. Work something out.
If you repossess your car do you have to continue insurance coverage on that vehicle?
I take it you mean, if your car IS repossessed. In that case, IF you dont plan to redeem it, NO. NO car, NO insurance. Once the lender repos the car, they are responsible for the insurance coverage.
What if your car was repossessed due to lack of insurance yet was insured at time of repossession?
Vehicles cannot legally be "repossessed" due to a lack of insurance. Re-possession can occur only when there is a default in the payment contract and the original owner (the lender) recovers their property from the defaulter.
When can the lender resell a repossessed vehicle?
a lender can do as he/she pleases with the vehicle after 31 days...in the state of Alabama
What actions are typically taken by a lender if auto insurance is cancelled or expired and how long is the grace period?
Most finance/lease contracts allow the lender to either take the car back or purchase insurance and then charge the customer for it on their loan. The insurance the lender would buy is very expensive. As far as I know, there is not a grace period. Find out what car dealers don't want you to know at www.dealertricks.com
How do you find out what price your repossessed car was sold for?
ASK the lender.
How does one end Private Mortgage Insurance?
Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.
What options do you have in Connecticut if your car is repossessed and you want it back?
Your option is to CALL the lender who had it repossessed and find out how much it will cost to get it back. Repossession is a matter between YOU and the LENDER. There is no state agency that oversees the process.
