0
What happens if insurance has lapsed with car damage before repossession?
Wiki User
∙ 16y ago
You will have to pay the difference between what the finance company gets when they sell the car and the ballance on the loan. All it means is that the finance Co would have gotten more for the car if it hadn't been damaged so you would have owed less on the remander of the loan.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Who is responsible for damage to the yard during a repossession in Florida?
The LIENHOLDER is ultimately responsible for anything that happens during a self help repossession.
Where can I find jewelry insurance?
In order to get jewelry insurance, you have to get the insurance before the damage happens. They have to look at the jewelry to appraise it to give you insurance. Jewelry stores offer insurance on many items.
Do repossession agents take a picture of the car before they try to take possession of it?
That is a decision made by the lender, and some do have photographs taken before the car is seized, but it is not a legal requirement. The repossession agent/agency does not assume responsibility for any damage to a vehicle that happens while it is being recovered.
If you owe money on a car your insurance has expired and you damaged your car you are going to call the bank for a voluntary repossession can they sue for damage?
CAN & WILL. Good Luck
Does your home insurance cover damage if you claim for the same damage but with another insurance company before?
good way to get hit with an insurance fraud charge
What happens if your property damage insurance is not enough to cover the claim?
You will be liable for the difference.
Will your insurance cover hail damage before you owned your car?
Existing damage is never covered.
What happens if you wreck a car that you dont insure?
If the vehicle has insurance it will cover damage to the other vehicle but not the one you are driving. Now if you have insurance on another vehicle your insurance will cover the damage to the vehicle that you where driving even though it is not on your policy.
What happens if I'm driving my friends car and i get into an accident but my license is suspended will her insurance cover the damage?
It all depends on her insurance cover
What happens if you get into a motorcycle accident and you dont have insurance and its your fault in Florida?
You are responsible for the damage you cause in an accident, regardless if you are insured or not. Having insurance transfers your responsibility to pay for the damage from you to your insurance company. If there are injuries to the other party, then the other party's insurance should pay for their injuries, but you are still responsible for the property damage you have caused the other person.
Will insurance cover my car damage if I loaned my car to an unlicensed and uninsured driver?
My insurance canceled uninsured person hits someone in rear what happens to me
Will my homeowners insurance pay for damage due to water leaks?
In most instances it seems not. When getting home insurance make sure to specify you want water damage insurance as well and GET IT IN WRITING BEFORE YOU AGREE TO THE POLICY!
