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leinholder must be included on the payment (if that is what you are asking), in ''first party'' claims.........they are an insured same as you under the policy............more reasons regarding this let me know if not sufficent
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∙ 16y ago
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Can a lien holder file an ins claim on customer's auto policy?
No a lien holder can not file a claim against the insurance company as they are not the named insured, you are. Although if there is a lien on the vehicle the insurance payment for damages to your vehicle will be in your name and the lien holder name. They then might require that you fix the vehicle so they can protect their interest in the vehicle. each lien holder is different. CORRECTION: If the lien holder is named on the policy and the vehicle has been repossessed, the lienholder has a right to recovery under that policy.
If you are on a vehicles lien is it required to be on the registration and insurance as well Tampa FL?
MORE DETAILS My wife and I are both on a loan for our vehicle but I have a 2nd vehicle I use and she uses the one under the lien Currently we both are on the registration and insurance To make insurance rate more affordable for us can I remove myself from the reg and ins even though I am on the lien.
Does this vehicle have a Lien on it?
Does this vehicle have a Lien on it?
Is it legal for an insurance company to let you get liability insurance on a vehicle that has a lien holder on it?
Certainly, liability insurance has nothing to do with who owns the vehicle. It deals with protecting the owner of the vehicle if sued as a result of an accident. Collision and theft protect the owner of the vehicle from loss.
If you have bought a car and it can not be tagged because of fines owed to motor vehicles do you have to pay insurance?
You have to have insurance to obtain your tags. As long as you are not driving the vehicle you do not have to have insurance unless you have a lien or are worried about damage to the vehicle.
Does an insurance company have to pay the lien holder directly after an auto accident?
An insurance company generally does not pay the lien holder directly. The vehicle owner is responsible for paying for insurance coverage and will often deal with the insurance company themselves after a collision has taken place.
How do you receive a vehicle title that still has a lien?
You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.
Can you request a check for damages from the insurance company of the driver who caused the accident and not get your car repaired after an auto accident?
It depends on if you have a lien placed on your vehicle (by you lender. If you own the car free and clear, you can take the insurance money and not repair the car, but if there is a lien on your vehicle more often than not the insurance company will make the check out to you and your bank.
Is it the responsibility of an insurance company to notify the lien holder on a vehicle if any change in coverage?
Yes, they are required by law to notify your lien holder of any change in coverage.
How much can a vehicle be sold for once a lien has been secured?
If you have a lien on your vehicle, you can sell it for any amount. The vehicle is still subject to the lien which means that the purchaser can lose the vehicle if the lien holder collects on it.
Purchasing a vehicle privatley with a lien?
If you accept a vehicle title that has a lien placed on it you become responsible for settling that lien
Who owns the vehicle you or the lien holder?
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
