Tags Repossession Insurance Auto Insurance Q&A

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Auto>General Auto

If your car has been repossessed do you have to keep car insurance on it?

Updated: 9/17/2023

Wiki User

∙ 13y ago

Best Answer

no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.

Wiki User

∙ 13y ago

This answer is:

Add your answer:

Earn +20 pts

Q: If your car has been repossessed do you have to keep car insurance on it?

Write your answer...

Submit

Still have questions?

imp

Related questions

When a car is repossessed what do you do with the insurance?

When a car has been repossessed the person paying the insurance should cancel it.

What do you do once your car has been repossessed?

I have a welding machine on the truck they repossessed can they keep that?

What do you do about your car insurance once your car is repossessed?

Cancel your policy.

Should you cancel the car insurance on a repossessed car in NJ?

yes

If your car has been repossessed are you required to continue insurance and for how long?

Once your car is repossessed, it is covered by the repo companys and the lenders VERY expensive ins. No need for you to maintain coverage UNLESS you plan on redeeming it ASAP.

Can a loan company in California have your car repossessed if you haven't been able to carry car insurance?

YES, if you are in DEFAULT of the contract (NO ins. coverage) they can repo.

Should you cancel the car insurance on a repossessed car in Florida?

Yes of course you should!

Can a car be repossessed if I don't have insurance?

yes by doing the confy stuff

Does a divorce decree keep a car from being repossessed?

No

Can the car company that repossessed your car keep your personal property in it?

No Way. Its Your Stuff !

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.

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.

Trending Questions

Why does your weed trimmer smell like gas? There is a grinding sound and feels like driving over gravel when i turn my wheel all the way to the left or right? What happens if someone has an accident in an uninsured car that is not theirs? How would I set up a car rental? What year was the automatic piano player? Why can you not drive cars in Venice? If someone put something in your gas tank what do you do? Is a gas leak covered by homeowner's insurance? What is the weight of a 1988 Ford F150 Supercab short bed 4x4? What is the valve clearance of Suzuki F6-A 12 valves engine? Why you check mag drop at 1800 rpm on aircraft piston engine opposed? In motor vehicle crashes there are two collisions that occur upon impact The first collision occurs when the vehicle strikes another object The second collision occurs when an operator andor passe? When is a bike more useful than a car? M1078 air leaks from front service gladhand when brake pedal is applied? Where is the aux input on a 2006 Chrysler 300? Can a 16 year old with a learner's permit drive without insurance? Is cdl required for 26000lb truck? What does altor means? Where can one find a Car Air Conditioning service? Will Homeowner's Insurance Policy cover something stolen out of a car?

Previously Viewed

If your car has been repossessed do you have to keep car insurance on it?

Resources

Top Categories

Product

Company

Copyright ©2023 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.