Do you have to keep insurance on a repossessed car in Florida?

Answer 1

Yes, in Florida, if your car has been repossessed, you are still typically required to maintain insurance coverage on it until it is sold or returned to the lender. This is because you remain financially responsible for the vehicle, and having insurance helps protect against potential damages or liabilities. If you fail to maintain coverage, you could be held liable for any damages that occur during the repossession process. Always check with your lender for specific requirements regarding insurance.