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Can I get insurance on a car that the loan is in his name only?
Wiki User
∙ 15y ago
yes. if you're living together, his policy requires you to be on it.
Wiki User
∙ 15y ago
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If I am financing a car and is the only person on the loan. but my brother drives it and he has full insurance on the car. so the insurance is under his name. can the finance company repossess my car?
Yes
If your mom co-signed a car loan for you and you signed the loan too can you get car insurance for the car in your name only?
Yes, you can purchase your own car insurance. However, you must add your mother (the co-signor) as an additional insurance but non-operator. There is no additional premium for her. She is added on so she is protected an additional registered owner.
What happens to balance on car title loan when car is stolen?
Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.
If the title to a car is in your name but the name for the car loan is in someone elses name who has legal ownership?
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to borrow money for you to have a car. The car should have full insurance coverage in case of an accident.
If your friend wrecked your car and you have only liability but he has full coverage who will pay for your car?
YOU will. only his liability will follow him. you loan your car, you loan your insurance as well. So looks like your not getting your car paid for.
Can your car be repossessed if you do not maintain insurance coverage on the vehicle?
An automotive loan usually contains a clause that says the loan recipient must maintain insurance on the car for the life of the loan. Usually, this includes not only the legal minimal liability insurance, but also theft, collision and fire insurance. If you are in breach of the loan agreement, your car may be subject to repossession, depending upon the terms of your loan agreement.
If you get a loan in your name can the car be titled in another name?
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
If a friend wants to buy your car but doesn't have the credit to get a loan and you keep the car loan and insurance and they pay you the car payment and insurance who is liable if there is an accident?
The person with the insurance. Never allow someone who isn't on the policy to drive the car. * The person who has their name on the title is primarily responsible, so since there is a loan on the car in your name, the title must still be in your name. If your friend crashes the car YOU will be responsible for HIS injuries as well as any damage and injuries to others. If you do not have his name on the policy as the primary driver and the insurance company finds out he was buying the car from you and driving it on a regular basis, they may refuse the claim AND prosecute you for insurance fraud. == ==
Car totaled insurance value car at 16000 and loan amt is 12400 can you use your gap insurance to pay off car loan?
If they gave you 16000 on the car, you would not need gap insurance since your loan amount is 12400.
If you have a loan on a car do you have to have insurance?
Yes
Does gap insurance on you car expire?
GAP insurance helps cover the difference if your car is deemed a total loss and is worth less than what you owe on the loan. GAP insurance only runs out when you pay down your loan enough that you have equity in the vehicle.
If my name only as the owner is on a car but my daughter who has her own insurance on the car was in an accident could you be legally responsible?
No. Car insurance is insurance on the car not insurance on the driver.
