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Due to lack of insurance can the place where you finance your car change your payment?
Wiki User
∙ 13y ago
Yes they can add coverage to protect the finance company. It is usually more expensive than having insurance from an agent.
Wiki User
∙ 13y ago
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What does forced place insurance cover?
It covers the finance company. nobody else.
Where can one get no down payment auto insurance?
Two of the most popular place to get no down payment auto insurance is from Cars Direct and the General. Both offer the same service with competing prices.
Do you need homeowners insurance before closing?
Yes, Mortgage Finance Companies require that Your Home Hazard Insurance Policy be in place before you can close the sale.
How can I get a car insurance quote that will provide me with the payment options that fit my budget?
The best place to look for car insurance quotes would be Progressive Insurance. You can find them on the website and they will compare other insurance prices.
How can mortgage payment protection insurance help you?
Mortgage payment protection insurance can help a person if they become unable to make the mortgage payments due to an accident, unemployment, or sickness. There are restrictions in place, so one must check carefully before signing on the dotted line.
How long after a missed car payment does the finance company repossess the vehicle?
The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.
Can your car get repo for no car insurance?
Yes, Almost every Auto finance note contains language that requires you to maintain "Full Coverage" Auto Insurance for the term of your finance note. It just part of the contract you agree and sign when you financed the car. This is to protect the finance company from a loss of the vehicle. Remember the finance company still owns the vehicle until you pay it off. Failure to comply with the insurance requirements of the finance note you signed constitutes a default on your loan subjecting the borrower and the vehicle to whatever remedies are at the finance companies disposal, including repossession. If you act quickly, Are not behind on your car payments, Get your full coverage insurance in place and pay the towing fees, Call the company and be nice with them and assure them that you understand your obligations with apologies for any oversight, Most finance companies will let you take the vehicle back and continue paying your note.
Do you need auto insurance to buy a car?
This will depend on the location you live in but generally the answer is yes. Most place legally require liability insurance in order to register a vehicle of drive on public roads. Secondly, if you finance a vehicle the contract will require that you obtain and keep physical damage insurance to protect the interest of the bank or finance company even if you don't care about your own loss if the vehicle is damaged.
What should you do if after a car accident your insurance company claims they did not receive your payment and sent you a cancellation notice but you did not receive it?
Several answers apply here. First did you move and if so did you send your insurance company a change of address? Secondly did the accident take place before or after the effective date of cancellation? Insurance companies don't have to prove you received the cancellation notice, they only have to prove they mailed the cancellation to the last known address you provided them. If you move and do not send them a change of address, you are in trouble. Lastly, did you pay the insurance premium for which they cancelled you? If so produce your cashed check and they will have to reinstate your policy by most state laws. If you did not pay as required, then they cancelled you for non payment, and in all likelihood you are cancelled and have no coverage. If the accident took place before the date of cancellation, go see an attorney.
What is the cheapest place to rent a car in Boston?
Zipcar Incorporated is the cheapiest place to rent a car in Boston. You can pay only for the day want the car and you don't have put a big insurance payment on the car.
Can you buy a new car with a credit score of 588?
588 is a pretty low credit score. I am sure you can find a place that will finance you, depending on a couple things: 1) The price of the car you want to finance. 2) The amount of down payment you have. 3) The amount of collateral you have in possession. A low credit score will result in a high interest rate. A high interest rate will result in a long / higher payment.
Can a lending agency place insurance on a ATV after two years into loan requesting back pay?
Yes, If you have failed to provide the insurance required in your finance agreement that you signed, Then they have the right to protect their interest and you can be required to pay the bill. it's all in your contract.
