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What do you do if you had no insurance on a financed car and it was stolen?
Wiki User
∙ 18y ago
Keep making payments on a car you don't have and learn your lesson about not letting your insurance lapse.
Wiki User
∙ 18y ago
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Do you need insurance on a financed car in NJ?
You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.
Does insurance pay out in full if car is stolen while being financed?
No....only the value ay the time of loss. Gap coverage is available for a reasonable rate on most insurance policies. It can also be purchased through the car dealership.
Do you have to continue paying your insurance if your car is stolen?
No, as long as you have let your insurance company know they car is stolen.
Can you get insurance money instead of repair?
If the car is not financed-Yes
If your car is financed through a dealer do you have to have full coverage insurance?
I believe it depends on the state, but as far as I know, if you have to have full coverage on a financed car, it doesn't matter where it's financed. If you still have questions, ask your insurance person, they'll know the answer.
Does car insurance cover property stolen from in your car?
No.
Have thiefth insurance car stolen insurance paid you for car who Owens the car?
i'd say the insurance company owns it
Are you required to have auto insurance on a car that you dont drive?
If the car if financed, the lender will require you to insure it. If you own the car, and don't drive it, you are not required to have insurance.
If a car on finance is stolen and insurance pays out but then the car is recoverd what happens to the car?
It belongs to the insurance company
If your car is up for repo but is stolen before you return your car what happens?
When your car is 'stolen", you file a stolen car report with the cops. Then your INSURANCE will pay off the loan. The lender will deal with the insurance co. and alls well. You dont have a car, but no payments either. BTW, the insurance co. HAS to be sure its stolen or they wont pay the loan off.
Can I carry the insurance on a car that is financed in my spouses name if he is no longer able to drive?
You should check with your insurance agent how you should carry the insurance on a car not financed in your name. Each of the 50 states in the United States has its own insurance regulations. Each state requires its agents to know the insurance regulations.
Can you get insurance after your car is stolen and it be covered?
If you try to get theft insurance after the car is stolen you will go to Jail! The insurance companies have no sense of humour about FRAUD! Penalty for Insurance Fraud in the U.S. is up to 20 years in prison.
