answersLogoWhite

0


Best Answer
Copy

http://www.autoinsuranceindepth.com/gap-insurance.html

Google can find lots of things

User Avatar

Wiki User

โˆ™ 2015-07-15 18:33:36
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Add your answer:

Earn +5 pts
Q: Does gap insurance cover the vehicle if repo is made?
Write your answer...
Submit

Related Questions

Can you be charged a repo and insurance fee when the original owner never notifid you of the repo and drove the vehicle away herself?

I'm not sure what your question/situation is but... The Finance company can do what's called "forced insurance" meaning if you do not have insurance they will put insurance on the vehicle at a hefty cost to you. They can also repossess the vehicle even if you are up to date in payments but do not pay them their insurance rate.... and that money is still owed after the repo.


In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?

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.


Can you repo an auto in Mississippi for no insurance?

Yes, If your auto finance contract requires you to have insurance on the vehicle and you fail to meet that obligation they can certainly repo the car for violation of your contract terms.


Who is responsible for a vehicle that was repossessed and wreaked on the way back to the dealership?

who ever was in possession of the unit. I assume the repo company was in possession and if they are legit, They have more than enough insurance to cover any damages.


Can a repo company take your car from behind a locked gate in California?

No one has the right to enter your property to repo a vehicle. I your vehicle is out in the street, then its fair game. If you see the repo man coming but has not hooked up to your vehicle, you legally still have possession of the vehicle. Once the vehicle has made contact with the truck the vehicle belongs to him.


What do you do when repo man is here?

You give the repo man the keys to the vehicle and let him take the vehicle.


Can reposession company file a claim with your car insurance company to fix preexisting damage?

If your lien holder repo's your vehicle, they can file a claim against your insurance for damage to the vehicle. The repo company itself would have no claim, because it's not their vehicle.


Is there any way to get a repossessed car back without paying the car insurance?

Not Unless you can prove that you already had the required insurance.AnswerNo. as soon as you have no insurance on a leased vehicle, the lein holder has the legal right to repo it.


What is needed to start a vehicle repo business?

Yoy will need a business license, insurance, a tow truck, a SECURE storage lot, customers- and a knowledge of repo laws in your state. Can of pepper spray is optional.


What happens when they repo your car and they shouldn't have?

If the bank made a mistake they will return the vehicle to you, the repo company is under a hold harmless and work the accounts the banks give them.


If your car has been repossessed do you have to keep car insurance on it?

no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.


Can a car be reposessed without having insurance on it?

Of course. If you don't meet the obligations of your finance contract they have the right to reposess the vehicle. Your main obligations are to pay the payments as agreed and keep insurance on the vehicle as agreed. Read your finance agreement. I have seen many occasions when companies have to repo a vehicle because the customer won't keep the insurance on it.


Can they repo a vehicle if it is in your driveway?

Yes.


Can they repo a vehicle after dark?

Yes


How does one get a repo contract?

you have to first be liscenced as a reposessor in most states, you need reposessor insurance as well. not a cheap thing to get. if you were to go and repo a vehicle and the cops are called without the proper license, insurance, and the documentation from the lender including a copy of the title you aren't walking away fom it.


What happens if the repo man moves another vehicle to get the vehicle he is there to repo?

One car isn't where you left it and the other one is gone. He's not supposed to move another vehicle, but if no damage was done, you're not going to gain anything by sueing him. You'll be spending money for a lawyer when you're going to need it to pay the repo fees and any judgment you MIGHT win won't cover the attorney's fees.


If the car insurance is cancelled on the loaned vehicle can the bank repo the car when all payments have been on time?

Wayne, Personally as a Repoman, I see 4-5 orders a month to pick up a vehicle that the bank has no proof of insurance on. I believe there is something in a car buying agreement that requires you to carry the insurance.


How does repo of a leased vehicle differ from repo of a financed vehicle?

NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.


Is it illegal to hide a vehicle from repo?

yes


Who do you call to come and get a vehicle that the repo guys are looking for in Minnesota?

Call the repo guys OR the lender.


Can your car be repo if you have no insurance?

The repo man will not care if your car has insurance or not. If you haven't been paying for your car, the finance company or bank will take their car back.


Can a Repo man take a car if you own it?

A repo worker does not normally pick up a vehicle unless he has an order from the lien holder (usually the creditor who financed the vehicle). If you own your vehicle outright with no liens against it, the repo person probably picked it up by mistake.


Can repo people repo your auto from privet property otherthen yours?

Yes they can, as long as it is the correct vehicle.


Can a dealer repo withOUT a sales contract?

Yes, if the Lien Holder of the vehicle gives them permission to repo.


What is special about the Repo Truck company?

There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.