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At what point can a driver buy PLPD insurance for an auto short of the full balance being paid off?
Wiki User
∙ 8y ago
Past experience financing a auto purchases in the state of California makes me pretty certain that a vehicle must be paid in full & pink slip transferred to independent owner prior to a driver legally reducing to PLPD insurance coverage. A lending bank shares legal joint ownership of a driver's vehicle until the auto loan has been completely repaid, and views the vehicle in terms of its collateral value. Should you happen to default payment, for example, a lender may assume rightful ownership of the driver's vehicle, and liquidate said asset for profit at will. Naturally, corporate lenders, banks, car dealerships, encourage & expect borrowers to honor debt repayment as much as they value their vehicles, not to mention their credit. Whereas repossessed vehicles, depreciated by time and normal use, incurr significant loss for lenders, requiring a driver to maintain full comprehensive/collision/UIDM coverage on the vehicle for the life of the loan effectively protects joint assets against incidental loss due to accident/vandalism/theft.
Wiki User
∙ 8y ago
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The front wheels of a lift truck serve as what between the weight of the truck and the weight of the load being carried?
Fulcrum Point
You were an uninsured driver in a car accident in Missouri The other driver had uninsured motorist coverage but now you are being called by his insurance company requesting payment you have no money a?
yes the insurance company will come after you to pay the bill they used in fixing their driver's car. the point i do not know is that, are you responsible to pay the deductible or pay the total, what are this insurance people for anyways, they only make money they do not spend money... try talk to and insurance agency and see if you are to pay a percentage of the money or all.
What happens if i have insurance for a full license but i only have a provisional license and have had an accident?
The driver does not have proper insurance at this point. since the insurance did not cover provisional licenses, the insurance provider mask likely does not have to pay out on any claim.
What is the definition of distribution balance point?
The balance point is where a scale can balance equally.
Is the current policy on my father's truck still good after he has died?
Yes, but only up to the point of the expiration date listed on the auto insurance policy. Also check the policy for underage driver coverage. Some older folk save on their insurance premiums by discluding younger people under age 25 as being insured when driving that particular vehicle. Contact the insurance company and let them know this. They should refund a prorated amount of the insurance premium to you. The insurance covers him as a driver of the truck, not the truck itself.
What are the benefits of having life mortgage insurance?
The primary benefit of having mortgage life insurance is to eliminate the risk of passing one's debt onto their heirs. The point of having mortgage life insurance is that if one dies with an unpaid balance on one's mortgage then the insurance covers the remaining balance and whoever inherits the estate will owe nothing on the house.
How many points does driving with out insurance carry in minnesota?
The Minnesota Department of Public Safety does not use a point system for driver citations. If you are driving without insurance, your license can be suspended, revoked or canceled.
How many pages does Balance Point have?
Balance Point has 333 pages.
How many driver's license points does it take to affect an auto insurance rate?
It generally takes between 1-2 tickets to change your insurance rate. Redlight camera ticket in California = 1 point, increased my insurance by 38% !!
How will a 3-point careless driving ticket for a 17 year old in Michigan affect car insurance rates his driver's license?
it will defiantly affect the premiums and depending on the insurance company they might drop him.
When was Balance Point created?
Balance Point was created on 2000-11-01.
How will omeprazole effect the balance point?
all substances will effect your balance point
