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Does a lender have insurance to help write a car off when they can't find it to repo it?
Wiki User
∙ 14y ago
They might. The liability of the person who has hid the car will be the same.
Wiki User
∙ 14y ago
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Can someone report your car to be repossessed if they know that you do not have insurance?
IF they hate you enough, IF they can find out who your lender is, IF the lender wants to repo because of that fact, The ins. co. is supposed to notify the lender anyway if you let the policy lapse....
What if you cant find who hit your car?
Go for Insurance claim
What actions are typically taken by a lender if auto insurance is cancelled or expired and how long is the grace period?
Most finance/lease contracts allow the lender to either take the car back or purchase insurance and then charge the customer for it on their loan. The insurance the lender would buy is very expensive. As far as I know, there is not a grace period. Find out what car dealers don't want you to know at www.dealertricks.com
Where do you find the best prices on mortgage insurance?
Do you have another life insurance of sufficient amount to cover mortgage, then you do not need extra mortgage insurance. Any way it is also a simple life insurance policy, just named differently to get more business. It is not essential. Life insurance is not private mortgage insurance (PMI) PMI covers the lender if you default on the loan. Basically you are paying for insurance for the lender. Once the loan is 80% or below the property value the lender will usually cancel the requirement for PMI. You do have the right you choose your own private mortgage insurer, as long as they are approved to do business with your lender. You can ask your lender for the premiums of each of their carriers and decide for yourself which you want to use. The prices from various carriers are virtually the same for borrowers with good credit, however if you have poor credit the rates can vary widely and it is worth your time to as the question.
How do you find out if your deceased relative had mortgage life insurance?
One way is to check with the lender. Most lenders have affiliations with mortgage life insurance companies to provide this service and in most cases the insurance premium is included in the mortgage payment.
How an where can you find an international money lender?
Where or how can I find international personnel loans
Do state farm insurance cover your air conditioner if stolen?
There are many ways to write an insurance policy; you will have to read your actual policy to find out what your insurance covers.
Is it wise to porcure a home equity loan at age 66 and not insure it?
Depends on the insurance you are referring to. 1) Mortgage Insurance does not benefit the borrower; it benefits the lender. 2) Property Insurance will be required by the lender. 3) Credit Insurance pays the debt if a short list of issues befalls the borrower. Read the contract carefully and make sure your existing insurance and state/federal programs do not already offer the same coverage. This type of insurance is like an extended warranty: usually a rip-off unless you find yourself needing it.
If you have bad credit no insurance no property or residence and your car is stolen what will happen if you stop making payments?
1, FILE a stolen car report with the cops. Then IF it was really stolen, the lender can collect the ins. and then your bad credit will go to Worse credit. And they cant find you 'cause you have no residence.Well, given the situation you describe, likely all the lender could do is get a judgment against the debtor. IF the debtor ever works, they could garnishee their wages.
What should you do if your lender rejects your loan application?
Either find another lender - or ask the lender why they've refused you.
Where can I go in Texas to get some temporary insurance for six months?
Any licensed car insurance company can write a policy for you. Most companies only write car insurance policies for 6 months so that should be easy to find.
What companies are the best lenders of mortgage insurance?
The companies that are the best lenders of mortgage insurance can be found on websites like BankRate and RateMarketPlace. These sites can help you find a lender by the best rating or the best interest rates to fit within your budget.
