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Can a vehicle that the repo man cannot find even after a year be listed as stolen?
Wiki User
∙ 8y ago
Not to my knowledge. The lender cant say its stolen because they LET you take it from their possession. You havent said its stolen OR you would have a police report to show it was. So, it's NOT stolen, you are hiding it to hinder repossession. Hope that's not a felony in your state.
My contracts state that if the borrower takes the vehicle out of state when in default that I could report the vehicle stolen. I never have tried, but I did pay an attorney to draft them up for me years ago.
In wild and lawless Nevada...
Wiki User
∙ 8y ago
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Can your boyfriend be covered under your car insurance?
This can be a complicated question. Your boyfriend can and should be listed on your policy as a driver if he lives with you or if he drives your vehicle even just sometimes. A vehicle titled to him cannot be added to your insurance policy under any circumstances and this is because you cannot insure a vehicle you do not own. Even if you live together you must still have separate insurance policies if you each own your own vehicle. If you live together or drive each others vehicle each of you should still be listed as drivers on the others policy.
If the primary borrower in Colorado is not defaulted on the payments can the co-signer take possession of the vehicle?
The only way that a co-signer can take possession of the vehicle is if they are listed on the title as a co-owner. Even if they are a co-owner, they cannot just take the vehicle. They would need to sue the primary borrower in court to gain possession.
How do you resolve the situation cheaply when you can not locate your spouse who has your vehicle that is in your name only and you are not allowed to report it as being stolen?
You might want to re-check your laws. If the vehicle is in just your name, most states will allow you to report it stolen, if it's taken without your permission, even by your spouse.
What happens when you cannot locate a vehicle that is to be repossessed?
If there is evidence of fraud, the person hiding the vehicle can be prosecuted and possibly even put in prison.
Can you return a used vehicle in Texas that is now not running properly even if you did not have a signed contract and it was not stated or listed as is?
yes u can
Can someone else insure your car even if they do not live at the same address?
You cannot insure something you do not own and the address has nothing to do with it. The insured on the insurance policy must also be the owner of the vehicle. An insurance application and policy make up a legal contract. The contract states that you must own the vehicle insured. Lets use your example where someone else insures your vehicle. If the vehicle is damage in an accident, the insurance company cannot pay damages to the person listed on the insurance policy because they don't own the car. The also cannot pay you because you don't have a contract with them for insurance.
Can your car be picked up because you don't have insurance?
In Oklahoma, your vehicle, motorcycle, golf cart, boat or other registered mode of motorized transportation can be impounded if the driver cannot prove the vehicle is insured. Your vehicle can be towed even if you HAVE insurance but cannot prove it.
Is it least expensive to insure a older car?
Only because you can get away with liability only on an older vehicle, which reduces your cost. You need full coverage on a newer vehicle. Rates are based off alot of different factors. Not only the type of car, but what city your in (crime, stolen vehicles). Sports vehicles can be higher. Even if you insure a vehicle that is reported stolen alot could make even an older car alittle more to insure. If you have a bad driving record or a teen driver could also cause an increase.
If your car is stolen at the mall can your insurance company raise your rates?
Yes, All losses incurred are used to properly evaluate your risk. If you frequent places where vehicles are stolen or even if you live in an area with high accident or vehicle theft rates then this obviously effects you insurance premium.
Does automobile insurance cover items stolen from an automobile?
No. Auto insurance will only cover the vehicle and items that came installed standard on the vehicle. You can, however make a claim on your homeowners insurance for other items stolen from your vehicle. Homeowners insurance gives you coverage for items off premises up to 10% of your contents coverage on the policy. This is to cover situations like this, thefts or damage while on vacation, and even dependent children's items while in a dorm room. The biggest problem is that you will have a deductible for damage to the car and another deductible for the items stolen and covered on the homeowners policy.
If a stolen car hit a parked car can the stolen cars owner not be held responsible even if a police report for the stolen car was placed after the hit and run was filled?
Assuming the stolen car was insured, the stolen cars insurance would be responsible. If the stolen car was not insured, the driver, if located would be responsible. If not located then the owner would probably be held responsible. Hopefully the struck vehicle is insured for "uninsured motorist" coverage. Filing the report after the accident would document the theft, but not neccesarily clear the owner of responsibility.
How can you check if a motorcycle is stolen?
Take the serial number (or Vehicle Identification Number/VIN) off the frame and bring it to the police or local DMV and ask them to 'run' it for a stolen check. Usually they are glad to do this with no charge. Bikes are frequently stolen and parts and even engines swapped out, but the frame VIN (by which bikes are titled and registered) will always be there. If it is missing - stay away from it!
