0
You would have to read the specifics of your financing contract. Generally you are required to maintain liability and comprehensive insurance coverage, and if you fail to do so then you are in default on the contract. Sometimes the contract allows the lender to immediately force you to buy their insurance at an outrageous price. Once you are in default, the lender may repo the car.
Yes, pretty much every auto finance contract these days requires that you maintain full coverage auto insurance until the note is paid off. Failure to maintain the required coverage constitutes a breach of contract "AKA default", subjecting the vehicle to repossession per the terms of your finance note.
Add your answer:
Earn +20 pts
Purchased a used car in South Carolina can it be returned and the contract cancelled?
not likely
Where can I find good automobile insurance quotes in South Carolina?
www.progressive.com and www.esurance.com will both give you competing rates for insurance in South Carolina.
Can a car be repossessed in a mechanic garage while being fixed in the state of south carolina?
hell no
Do you have to have insurance to repossess a vehicle in South Carolina?
No, you dont even need keys to repossess a car in South Carolina
What happened to 100.1 the beat in Columbia south Carolina?
Clear Channel cancelled the station due to cutbacks :(
Can your beneficiary collect life-insurance benefits after your suicide in South Carolina?
No
What are the names' of employment law attornies located in South Carolina?
There is GSB Law that is in South Carolina. There are also other larger firms such as State Farm and other insurance and law attorneys in South Carolina as well.
Can I get a discount on car insurance in South Carolina?
Yes, you might be able to get a discount on your car insurance. This will heavily depend on the provider of your insurance.
What auto insurance company has the code number 406 in South Carolina?
GEICO
Who has the best Inland Marine Insurance in South Carolina?
Progressive offers baot insurance in the SC area. You can also check with Frasier Insurance.
Does auto insurance policy have to be in the same name as on the title?
does the name on the insurance policy have to be the same as the title in anderson south carolina
Who bought out public savings life insurance co of Charleston South Carolina?
BIU
