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Answered 2010-11-06 22:41:49

No, that wouldn't be a reason for claim denial. It may be a reason for them to investigate you for insurance fraud.

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Usually they aren't that nosy because it doesn't apply to them.


HECK NO, they have lots of legal remedies but that is not one of them.



Yes, you can.If the insurance company does declare the vehicle to be a "total loss" after a short period, payment will be made by them for the value of the vehicle.However, the insurance company considers your bank as the "legal owner" and you as the "registered owner" as you both are owners of the car.Since you bank legally owns the car and has the title, they will insist on paying them first and if there's money left, they'll pay you.That's where your missed payments might catch up with you.


You can start making your payments on time and avoid accidents


In Tennessee, a truck or car finance company can hire a repossession company to take your vehicle if you do not make payments and are in default. They are not able to break into a locked garage to take your vehicle and they cannot forcibly remove a person from behind the wheel of the car.


When a debtor is behind on payments, NC law allows the lender to take possession of, or "repossess" the vehicle. A repo company on behalf of the lender can take the vehicle at anytime, anywhere that the vehicle is found and accessible. If the vehicle is in a locked fence or garage then the repo company cannot force entry to get to the vehicle.


I dont see why not. The dealership gets their money from the company that financed the car. You arent paying tge dealership, you pay the financial institution. Problem is, if you're behind on payments, that will not help you to get another vehicle.



The repo man will tell you that, but no it is not true.


Only if you stopped making payments and are behind on your on your payments.


You contact the insurance company of the vehicle that actually hit yours. If they had stopped far enough behind you, or hadn't been following too close, they wouldn't have hit you. It is their problem to deal with the person that hit them from behind.


You absolutely can trade in your vehicle even if you are behind on your payments. When you trade a vehicle in the dealership you are purchasing from pays off your previous loan in full, so being behind on your payments will not affect anything other than the total amount due on your car. Of course when the new dealership runs your credit report it will probably reflect that you are currently behind and will also show how many months you are behind.


It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.


Short answer, is you can't. If you send the claim check to the mortgagee company, they will apply the amount you are behind to the loan and leave you short on the amount needed to make the repairs.


IF you had ins. coverage and were not in DEFAULT of the loan in any way, CALL AN ATTORNEY NOW ! ! ! Are you sure the vehicle wasn't actually stolen? Usually the only two reasons for legal repossession are being in default on your payment or not keeping the required minimum insurance on the vehicle. This is to protect the finance company from possible loss and basically protect their investment.


It depends on the state, jurisdiction, and sometimes even the insurance company; however, in many cases, the vehicle from behind is at fault. Most traffic investigators (whether they be law enforcement or with the insurance) agree that the second vehicle (or the vehicle from behind) is delegated the responsibility of following from a reasonable distance. If the second vehicle is not capable of stopping in time, it's generally because they were following too close to the vehicle in front of them.


Yes, you are responsible If the person you co-signed for is behind in payments and the insurance coverage expires you are responsible to insure the car until it is sold or the person gets the payments caught up and pays the insurance.


Yes, Almost every Auto finance note contains language that requires you to maintain "Full Coverage" Auto Insurance for the term of your finance note. It just part of the contract you agree and sign when you financed the car. This is to protect the finance company from a loss of the vehicle. Remember the finance company still owns the vehicle until you pay it off. Failure to comply with the insurance requirements of the finance note you signed constitutes a default on your loan subjecting the borrower and the vehicle to whatever remedies are at the finance companies disposal, including repossession. If you act quickly, Are not behind on your car payments, Get your full coverage insurance in place and pay the towing fees, Call the company and be nice with them and assure them that you understand your obligations with apologies for any oversight, Most finance companies will let you take the vehicle back and continue paying your note.


Depending on how many payments your behind. If you are behind a great margin I think they would to try to make back the money lost but if you're one or two payments behind they will give you a chance to catch up and if you fail to make any payments after they contact you they will sell.


If you have no lien on your vehicle then no one has a legal right to repossess it. If you're not behind on the payments there would be no reason for the lender to reprocess the car in the first place. It is hard to believe you have a loan on a car without a lien. The car stands behind the loan. If there's no lien on the vehicle then the car is not involved in the loan and cannot be repossessed.


Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.


I do not understand how you can be in posession of the title when the vehicle is financed. The vehicle title is alwaysheld by the finance company until all payments are made and the loan balance is paid in full.As for locating the vehicle you will need to talk to your son, or let the finance company repo experts locate it and get it back then.


As a rule of thumb, if the repairs are up to approximately 60-65% of the actual cash value of the vehicle, it will most likely be totalled by the insurance company. The reasoning behind that is there are usually supplemental charges that were not included in the initial damage appraisal that could likely drive the price of the repairs up to or pass the actual cash value of the vehicle. No insurance company will pay more than the actual cash value of a vehicle.


Yes, your car can be repossessed by a company if you are behind on payments. However, it has to be a licensed repossess to be able to do this.



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