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Can you get the title to a vehicle that you paid off over 10 years ago but still had a balance due for forced insurance and now the bank no longer exists?
Wiki User
∙ 18y ago
check with the DmV they would better be able to help you.
Wiki User
∙ 18y ago
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In accounting what is a forced balance?
Trial balance a forced of balance?
Can your car get repossessed for not paying your insurance?
IF your loan contract specifies that you must maintain insurance covering the vehicle, the answer is YES. Just an echo of the previous answer, most major lenders require that the vehicle maintain full coverage insurance. It states in your finance agreement that the vehicle must remain insured or it can be repossessed.
Can you be charged a repo and insurance fee when the original owner never notifid you of the repo and drove the vehicle away herself?
I'm not sure what your question/situation is but... The Finance company can do what's called "forced insurance" meaning if you do not have insurance they will put insurance on the vehicle at a hefty cost to you. They can also repossess the vehicle even if you are up to date in payments but do not pay them their insurance rate.... and that money is still owed after the repo.
What happens when an insured car hit you and you hit another car but your car isn't insured?
If you were forced into striking another vehicle by a vehicle which struck you first, the vehicle that struck you is (usually) responsible for the entire accident. However, if you are required to have insurance in your state, that will not get you out of any ticket becauise of your lack of insurance.
If you were involved in an accident and did not have full coverage but the bank had put forced insurance on the loan will that insurance cover the totaled car?
That insurance will probably cover the BANKS interest in the vehicle and any liability that may be assigned to it, but little or nothing for you.
What is force place coverage insurance?
Forced placed insurance coverage is insurance that is put on your property without your control because you either don't have the insurance you are required to carry or the mortgage company has not received a satisfactory copy of the insurance declaration page. You are responsible for paying for this coverage as they add it to you mortgage account balance. The forced placed coverage on covers the balance of the money owed on your mortgage and does not cover anything else like your contents are not covered, liability is not covered, etc. Only the banks interest is covered and the price is extremely high especially when you consider what they are actually covering.
What does sandwitching mean?
The term sandwitching comes from a type of insurance fraud, it's when two vehicles entrap a third vehicle into a forced rearend collision.
What is needed to add home insurance to replace a forced insurance policy?
Cancel the forced insurance policy and add terms and conditions to your homeowner policy.
What kind of false claims was Power Balance forced to retract?
Power Balance create hologram bracelets. They were forced to retract claims that their product improved one's strength, balance and flexibility when it was scientifically tested.
Is there a charge by a lien holder if you do not have insurance on the vehicle?
Of course. The financing agreement that you signed requires you to have full coverage insurance and to make sure that they receive a copy of the insurance with their name listed as leinholder on the policy. This assures that they are paid if there is an accident and that they are notified in case of a cancellation of the insurance. There are laws protecting the leinholder in every state. If you break the contract with the leinholder they have the right to repossess the vehicle as well as the put what is called forced place insurance on the vehicle. This insurance protect the leinholder's interest only in case of an accident or damage to the vehicle. This coverage is physical damage coverage only and does not include liability or any other coverages and the premium is very high. The premium is charged to your loan account.
Can you be forced to use life insurance a certain way?
No.
What if an unlicensed driver got into a car crash borrowing your car without permission?
Your insurance will likely cover the liability costs less deductibles. You may be forced to file charges for vehicle theft against the unlicensed driver and your insurance company may also sue him.
