You car can usually only be repossessed if you fail to make the payments to your finance company.
Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.
do I have to have full coverage if the title is in my name
you dont have to have umpd coverage if you have full coverage but most of the time on full coverage it has umpd and if you dont have umpd your collision will pay for fixing your vehicle but most of the time there is a higher deductible on collision I know this because i am an insurance agent
there really is no such thing as 'full coverage', i know many people have heard and said this, if you have 'comprehensive' coverage on your vehicle that is the coverage that applies to this type of loss........
It is different depending on what company and plan you get. Full coverage from one company can differ from full coverage from another company, and minimum coverage can vastly differ from full coverage even within the same company.
Full coverage will cover acts of nature and vandalism and theft. Full coverage completely insures the car against all acts committed by others or from accidents.
Each car has separate coverage for itself depending on what coverage you elected to take out on the vehicle Liability Collision Comprehensive Coverage etc Full No Claims is not coverage for the vehicle It means you have full coverage and you have not had any claims filed for accidents
The cast of Full Coverage - 1934 includes: Henry Armetta
usually you only need full coverage if you are financing or leasing your vehicle.
Minimum coverage is the minimum amount of insurance required by law. Full coverage is the full package from the insurer, insuring everything they offer to cover.
yuo. financed motorcycle always need full coverage . i bought my gsxr finanaced and had to get full coverage . The dealer ship requires u to get it -_-
Full coverage requirements have nothing to do with the age of the car. If you still make payments on the car then you still have to have full coverage. If you own the car outright, then you do not have to have it.