Gap insurance does not cover repossession anything. It only covers if you wreck the car and owe more than it is worth.
And?
If your lien holder repo's your vehicle, they can file a claim against your insurance for damage to the vehicle. The repo company itself would have no claim, because it's not their vehicle.
They might be able to garnish your payments for the money that you owe them , but nothing more since vehicle has been repossessed.
If this is a vehicle you own and can not pay for it any longer and decide to give it back, yes, you should cancel the insurance you have on it AFTER it is out of your possession.
I am presently two months in arears in payments to the bank. I am presently looking for work with fairly good prospects How can I prevent reposession of my vehicle which is critical in persuing job search?
reposession
You will not be able to using credit, but if you have the cash you could go into a shop and buy one.
habeas corpus
No. Only when the vehicle is repossessed and always once the licence plates are turned in.
Often, the law is vague on this, and the reaction may come down to the disposition of the police department. However, it could be potentially seen as kidnapping.
The bill is due immediately after the finance company sells the vehicle and totals the cost of reposession.
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