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it depends on the stipulations in your contract. in most cases any breach of cantract can be grounds for repo

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โˆ™ 2015-07-15 18:36:28
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Q: Can your car be repossessed if the payments are up to date however the insurance has expired?
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Related Questions

Can a car get repossessed if a person is late paying registration?

No. However, if it's parked on a public roadway with an expired registration, it may be impounded, however.

Can anyone reposes cars?

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.

Could paying the missed payments can help get the repossessed van back?

In MOST cases, if you pay the repo fees and catch up on your payments, you can get the car back. Sometimes, however, the bank will want you to pay the entire balance.

You received a ticket for no proof of insurance and expired tags However the car was then repossessed by the bank So you cant obtain insurance on the vehicle to show the court How do you clear this?

Actually, if you move quickly, you can still secure insurance on the vehicle. Here's what you do:You will need the vehicle registration, so if you are like the 99% of us out here who leave it in the glove box, go claim your property and get the registration.With the registration, get your insurance.renew your tagsClear it with the court.If after a couple days you do not intend to redeem the vehicle, cancel the insurance.

Can your truck be repossessed if you are using it for income?

Yes, your truck can be repossessed even if you are using it to earn an income, however, you can tell your creditor that you are earning money with your truck, and that if the creditor does not repossess the truck you will use that income to make payments on your loan. Of course, if you are not making payments, and spending all of your income on other things, then the creditor has no motive to let you keep the truck.

Is it legal in NC to purchase car insurance with expired license?

If the insurance company will insure the car, there's no law against it. However, it won't be covered if YOU drive it with a 'dead' license.

What is special about a universal insurance?

Universal life insurance is special in that it allows the policy owner to alter the time period and amount of premium payments as well as the death benefit and you can do this while the policy is in effect. However the altered payments must be with limitations of the company you are getting the insurance through.

What is the grace period for car insurance renewal in Mississippi?

When your insurance is expired, You no longer have insurance. There is no grace period in which you still have coverage when your policy is expired. Your company may give you up to 30 days in which to renew your policy before they surcharge you and you lose your prior coverage discount. This is however totally at their discretion and you still have no coverage in the mean time until you renew your policy.

You were hit by a car while driving your boyfriend's car the tags on his car had expired three days earlier will insurance cover his car?

Most likely, yes. Most insurance companies ask for two months in advance when you get insurance. Just because his tags expired doesn't mean he was not insured at the time of the accident. However, if you are not insured on his policy they may not cover you.

What program provides medical insurance to people of 65 years old?

Medicare. However it requires monthly payments of premiums by the insured.

Is the cost of lasik eye surgery generally covered by insurance?

No, generally it is not covered by insurance. However, you can use flexibal spending accounts (FSA) or health savings accounts (HSA) to reimburse your payments.

Can my vehicle be repossessed for no insurance?

It is not outside the realm of possibility; however, it would need to be a provision in the original sales contract. Since all of the US states require insurance of some sort on all vehicles, it is possible that a lender has written this in to the contract. It would protect their collateral in the event insurance lapsed.

If you do not renew your policy with a certain insurance company can they still charge you?

The insurance company cannot charge you once your policy is over. However, you may get charges for overdue payments, or if you signed up for automatic renewal.

Do you have to keep insurance on your house even if you are not making payments on it?

Yes, if you wish to stay protected, however, it also depends on why your not paying your payments. If you are defaulting on your mortgage, insurance could be cancelled once the bank takes the possession from you. You would then not be responsible for the insurance any longer, and frankly, if the house burned down, it would be no loss to you. That is the real gauge, what do you stand to lose if the house burned to the ground. If nothing, then insurance is not needed. If you would lose anything at all, that's what insurance is for.

Can a house be resolved and the arrears paid after it is repossessed?

It is possible to work out a deal with the bank after it is repossessed. However, a new loan or legal agreement will have to be signed.

Can you continue to work and get medicare retirement payments?

Yes, however there are guidelines. There are many "grey areas" so you must contact an insurance agent for the guidelines that apply to you.

Which are the collection companies collecting insurance amount door to door?

Some companies collecting insurance door to door include Globe and Greenpeace. However, most customers these days send in their payments online or through banks.

Can you take expired Lyrica?

No! I had this same question and called the pharmacy. They said that most medications are safe to take if they are expired, however, expired Lyrica is extremely dangerous.

Can I use expired Justice coupons in the store?

If a coupon is expired you cannot use it in store. However if you go to Justice they may have similar coupons that are not expired that you can use.

Will your Insurance claim be paid if your tags were expired at the time of the accident?

No, because technically if the tags are expired the car was being driven illegally. Sorry. Yes, it should be, unless they state that you shouldn't have had the car on the road. However, that's rare. * No, an unlicensed vehicle or driver will not be covered by an insurance provider. It is illegal in all 50 U.S. states to operate a vehicle is not properly licensed and registered.

Can a one year old be a beneficiary on a life insurance policy?

Yes, there is no age restriction on who can be the beneficiary of life insurance. However, some state laws do no permit payments to minors until they either have a guardian appointed or they turn 18.

Can you stop your child from receiveing payments from your diablitiy benefits if they do not live with you?

If you are receiving benefits from Social Security Disability Insurance (SSDI), child support can be taken from your SSDI payments. However, if you are receving Supplemental Security Income, that cannot be seized for child support.

You have a good track record with regards to your drivers license and if you had an accident with an expired drivers license and renewed it the next day after the accident will the insurance pay out?

If you were driving with an expired drivers license they will not insure you so if they find out you are up s--t creek. what they may do is ask you for your drivers license record up to date and then they will spot it. If you are lucky they wont. However they have not paying insurance down to a fine art.

Will driving with an expired registration increase your auto insurance premiums if both auto insurance and drivers license were current?

You can't be sure with all companies...but most would not increase your premium unless it is a moving violation. However, expired registration violation, parking ticket violations, and other non-moving violation may lead to license suspension. Now, that is a complete different story. Such suspension may cause your insurance company to non-renew your policy.

If the bank repossess your car do you still have to pay your car payments?

NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.