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When your car gets towed and you have it finance but have no insurance or DL. can the finance company pick up the car for you?
Wiki User
∙ 14y ago
ABSOLUTELY.
Wiki User
∙ 14y ago
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What happens if your car gets stolen and you have no insurance and the car is on finance?
The finance company will want to be paid in full if they find out it's stolen. The responsibility to satisfy the loan falls on you seeing that you failed to maintain insurance.
What happened when your car get towed?
It gets towed. Where it goes from there depends on the reason it was towed. It could go to an impound yard, a tow company yard, or a repair center, or back to your home if you had it towed.
What happens if the car gets stolen and its still on finance?
You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.
Who gets paid if a financed car gets totaled?
If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency.On the other hand, any amount left over after the loan has been paid will go to the car owner.If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency.On the other hand, any amount left over after the loan has been paid will go to the car owner.If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency.On the other hand, any amount left over after the loan has been paid will go to the car owner.If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency.On the other hand, any amount left over after the loan has been paid will go to the car owner.
Is black horse finance a reputable company?
Yes, Black Horse Finance is a very reputable company that gets good reviews from critics and clients. They are a very respected company in the world of finance.
Is it insurance fraud if you get arrested and your car gets towed but you lie to the insurance company and say it was broke down to get reimbursed?
If you lie to an insurance company to change the outcome of your claim, then you are comitting insurance fraud. You will probably get away with it in the short term, but if for some reason they find out you got arrested, they may ask for proof you car was broken down (repair bills etc). When you cant provide this, you'll probably have to pay back a lot more than you falsely claimed.
What is it called when one insurance pays and then gets the money back from the other insurance?
That would be a subrogation lien. One insurance company has paid another insurance company's debt, so they have the right to collect it.
What number do you call if your truck gets towed at palomar college?
The college office will give you info on who towed it and why.
You own your car it was totaled Should you let the insurance company have it after they pay you?
This depends on what the settlement covers I have required the insurance company to allow me to retain ownership, this reduces the settlement. Or the if you do not specify that this is what you want the insurance company gets the car.
What happens if insurance has lapsed with car damage before repossession?
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.
Do you have to tell your insurance company about sub woofers?
yes ,if you want to have it insured when it gets stolen
Where is life insurance information published?
It can be published at any insurance office. It depends on what your insurance is and where it's at. Chose the right insurance company you like and feel comfortable with and see where that gets you!
