In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?
Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.
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Does an auto dealer such as Nissan have the right to repo a leased vehicle if the vehicle is not insured?
YES. Read your contract. Does it call for you to maintain ins???
Answer . Until the lender reduces his claim to a CIVIL action (judgement) they are free to repo. After getting a judgement, they are more or less saying, "I dont want the c…ar, I want the money"..
In Alabama can you repo a vehicle if the buyer doesn't have full coverage insurance and they signed on the bill of sale saying they would?
IF the debtor is in DEFAULT of the contract (any one of the conditions) and the contract states the the lender will repo when in default, then go for it. Just a bit of CYA. Se…nd them a reminder letter about the insurance default and give em 5 days to cure it.
http://www.autoinsuranceindepth.com/gap-insurance.html Google can find lots of things
if it is recovered and repairable they will pay to repair less your comp deductible, if not recovered they will pay the actual cash value of the vehicle less your comp deduct,… also sales tax (or credit) title/licensing fees etc......
Yes, If your auto finance contract requires you to have insurance on the vehicle and you fail to meet that obligation they can certainly repo the car for violation of your con…tract terms.
If you have full coverage auto insurance and you damage another vehicle and not yours do you have to pay a deductible?
Answer . \nIt is the liability portion of your auto policy that pays for the damage to another vehicle that you hit. There is no deductible to fix the other car.
Yes, but remember it's only worth 60% of a comparable clean titled car so make sure it's worth buying collision and not just liability/comprehensive.
Answer . The collision coverage specifically covers the repairs to your vehicle, regardless of fault.. If you are at fault for instance, your car would be repaired, but yo…u would be responsible for the deductible cost.. If you were NOT at fault, your repairs would be covered fully, and at no additional cost of the deductible.. Answer: . A means of protecting your auto from damage stemming from an accident between the insured and another vehicle and/or object. .
Answer . Generally yes, you are covered for any car you are legally driving. The one exception that comes to mind is if you steal a car and wreck it.
In California, anyway, you need full insurance coverage on a car the whole time it is financed. After its paid off, you can drop a bunch of the coverage and just carry liabili…ty.
If you take your vehicle to a body shop that charges more for labor rate than what insurance is willing to pay and you have full coverage on vehicle how do you get your insurance to pay up?
No Insurer is required to pay unreasonable rates for repair. Insurers know what the average cost is for various vehicle repairs. There is a high end and a low end. This is why… you should always get an estimate of the repair costs first and have the repair shop contact your insurer before you authorize the repairs.
Keep driving it. Keep it insured. Maybe someday they will figure it out; so make sure you have an alternate means of transportation. I have a car that was "repossessed " in 20…04. Still have it. Just want to get rid of it now. That is a REAL question.
Pay your bills on time :)
Does the insurance company have to pay for a rental vehicle for a client until their vehicle is fixed if they have full coverage insurance?
Rental car coverage is an add-on, check your policy to see if you are covered - if there was another vehicle involved in the accident and the driver was at fault, his or her i…nsurance should pick up the tab.
If you are asking whether your own insurer will pay damages to the owner of a vehicle that you vandalize, the answer is No. This is because insurance does not provide benefits… for intentional acts. Instead, it applies to negligent (careless) acts. If you are asking whether auto insurance may pay for the repair of your car if it was vandalized by someone else, it may. An insurance called "comprehensive" coverage, that is usually sold in conjunction with collision coverage, will usually pay damages resulting from vandalism.
The vehicle being towed has to have physical damage coverage itself in order to be covered for damage. A vehicle towing another vehicle does transfer the liability insurance t…o the trailer or object it is legally towing but the physical damage done to the object being towed does not transfer.