Auto Insurance

Can you stop paying car insurance on a car with blown motor and continue to pay off loan to avoid voluntary repossession in New York?

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2015-07-15 18:35:49
2015-07-15 18:35:49

If your loan agreement requires you to carry ins (most do) and you drop it, then you will be in default of the contract. You better make SURE the payments get to the lender PROMPTLY so they dont take a second look at your record when the ins. co. tells them you dropped the ins.

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If it drives, take it to the finance company and hand them the keys.


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