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Yes on certain conditions. The first is that the amount still owed to the financial institution is not greater than the maximum amount allowed on the new vehicle being purchased. what i mean is if you were to buy a 06 Taurus for 10,990 and you still owed 26,000 on your previous vehicle the financing institution would not allow you to buy a Taurus for 37,000 plus, so if you don't owe much and your credit is good enough you should be fine!
What else can I help you with?
Is it possible to purchase health insurance for another individual?
Yes, it is possible to purchase health insurance for another individual through a process known as "third-party coverage." This allows someone to buy a health insurance policy for another person, such as a family member or dependent.
Is it possible to get free car insurance?
It is not possible to obtain free car insurance in the United States. It may be possible to obtain free car insurance in another country, however. This is mostly out of the question, I'm afraid.
Can auto insurance be provided to a child in another state?
it is possible so yes.
Will the insurance company accept your claim on a vehicle that is stolen if your late on your car payments?
They will accept almost any claim, paying it is another matter.
What is third party insurance?
Third Party Insurance is a Liability insurance purchased by the insured (first party) from an insurance company (second party) for protection against possible suits brought by another (third party).
Is it possible for me to transfer my life insurance policy to another company?
Yes, it is possible to transfer your life insurance policy to another company through a process called a policy transfer or a policy assignment. This allows you to switch your coverage to a different insurer while maintaining the benefits and terms of your original policy.
If the hazard insurance from your mortgage agreement was cancelled do you get a refund and the mortgage payments go down?
Mortgage insurance is required when you have less than 20% down or equity in your home. Once you reach that percentage of ownership, you can cancel the insurance. Hazard insurance is different. Most Morgagees (Lenders) have a clause that forces you to continually have hazard insurance without lapses or they will assign insurance for you. The assigned insurance generally is more expensive than all other alternatives. If you cancel your current hazard insurance you would likely receive a refund but it would be unwise to cancel without getting insurance from another company... and especially unwise to spend the money. Your payments would not go down, but likely up because of the assigned insurance.
Can your car be repoed if you are not behind on payments?
Technically yes - the vehicle can be repossessed if you are 'in default' of your obligations under the contract. So while the usual way to default on the contract is by missing payments, it is possible for you to be in default by another way, outlined in the contract you agreed to.
Can I get an insurance agent license online?
It is possible to get a licence to become an insurance agent online. A good site that was found was prelicensetraining.com. It claims to be number one. Another great website found was cpmipro.com
Can you have non owners insurance and insure another car that is not in your name but covers the owner?
Why can't the person pay his own insurance? The insurance goes in the name of the owner of the car. Seems like it would open up a large liability for you to do this in your name, even if it were possible. Check in with a few insurance companies.
Is there Liability for hitting skateboarder?
Yes, liability pays for damage you cause to other people, regardless if those people are pedestrians or passengers in another vehicle. If the skateboarder has car insurance then there is also a good chance that the skater carries a coverage on his own insurance called medical payments. This is coverage on your car insurance that can be used for your own injuries as a pedestrian.
If Auto Insurance Don't Renew Then What To Do?
That really depends upon the reason why the insurance company did not want to renew the insurance. It is possible that if one company won't insure you, another one might still do so. If you cannot get auto insurance, you cannot legally drive. Move to a big city and use public transportation.
