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Should you cancel the car insurance on a repossessed car in NJ?
Wiki User
∙ 12y ago
yes
Wiki User
∙ 12y ago
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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.
Should you cancel the car insurance on a repossessed car in Florida?
Yes of course you should!
What do you do about your car insurance once your car is repossessed?
Cancel your policy.
Will insurance pay for a repossessed car?
Of course not! It wasn't stolen or wrecked, it was taken from you for failure to pay on the loan!Be sure to cancel the insurance.
In Pennsylvania can you immediately cancel your car insurance if the car is repossessed?
if you don't plan on getting it back that is what to do. but most insurers in pa are notifying pa that you canceled insurance ant they suspend your plate for 90 days.
My girlfriend canceled my insurance and called the car lot My car was repossessed to get the car back they want to be paid off in full what are my legal rights do I have any options?
If you owed money on the car (which is probably why it was repossessed), you need to pay what they demand. Check the paper you signed when buying the car if you think they are 'demanding' something different than you signed. Your girlfriend was smart to cancel the insurance, since a repossessed car does not need insurance. You cannot sue your girlfriend for calling the car lot, or for cancelling the insurance, because you cannot show DAMAGES to yourself.
Should you continue your insurance coverage for a car that was repossessed?
If it's no longer your vehicle, you don't need to insure it.
If your car is stolen can you cancel your insurance?
I Think You Can Cancel Your insurance....idk That's Just My Guess..
Can your licenses be suspended if you were the person supplying insurance on a repossessed car and you cancel the insurance?
Yes it happened to a friend of mine he wasn't even aware that the insurance had been cancelled and when he got stopped at a check point they told him that his lincence had been suspended because he did not have insurance he paid a huge fine.
Can a car only get repossessed for no insurance?
Absolutely. When you purchase and finance a vehicle you sign a legally binding contract. Perhaps you should read what you sign. The contract states that you agree to carry insurance that includes comprehensive and collision with a maximum deductible of usually $500. If you let your insurance cancel then you have broken the contract and therefore the finance company can reposses the vehicle.
Can a car be repossessed if I don't have insurance?
yes by doing the confy stuff
If you no longer drive a car and cancel your insurance will your recordrate get better or will it essentially stay the same due to not being insured during that period?
It is not going to make a difference if you cancel your insurance or not. If you drive a car, you must have car insurance.
