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If a car on finance is stolen and insurance pays out but then the car is recoverd what happens to the car?
Jamee29
It belongs to the insurance company
Wiki User
∙ 15y ago
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What happens if your car gets stolen and you have no insurance and the car is on finance?
The finance company will want to be paid in full if they find out it's stolen. The responsibility to satisfy the loan falls on you seeing that you failed to maintain insurance.
How can you findout if a stolen gun has been recoverd by police?
Contact the police
What happens if the car gets stolen and its still on finance?
You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.
What happens if insurance replaces stolen items then the police recover and return the stolen items to you?
I recommend you contact your insurance company, and inform them of the recovered goods
Dell M140 laptops can a stolen laptop be recoverd or a not?
Only if somebody catches the thief and gets it back.
What happens if insurance company cuts a check and stolen items are found?
ned kelly comes
If your car is up for repo but is stolen before you return your car what happens?
When your car is 'stolen", you file a stolen car report with the cops. Then your INSURANCE will pay off the loan. The lender will deal with the insurance co. and alls well. You dont have a car, but no payments either. BTW, the insurance co. HAS to be sure its stolen or they wont pay the loan off.
What happens to your title loan if your vehicle is stolen and wrecked?
Since you have a loan you should be required by the lender to have full coverage insurance which will pay you the value of the vehicle. With out insurance you are still responsible for repaying the loan no matter what happens to your vehicle. It is not the lenders fault your car was stolen and wrecked...
What happens to the loan when the car is stolen?
The insurance should pay the loan (if your lucky it'll pay all of it) If there was no insurance then you still have to pay for the loan. I had a car stolen and I had to keep paying for it until the insurance finally paid it off and I was left with $50 in the end to get a new car with.
Uninsured finance vehicle has been stolen Cancelled insurance because car was being repossessed by finance company?
You still have rights to recover the vehicle. The finance company may help you look for it if they're desperate enough to get it back. Even if your car was insured, you would legally have to payback the finance company for the car since you broke a binding finance contract.
What happens if the car gets stolen and its still on finance with no insurance?
Car stolen and No Insurance.Well that really depends on what you do. As you know Failure to maintain the necessary coverage is a breach of the contract that you signed with the finance company.You were responsible for the note and you are still liable for the unpaid balance.Usually the finance company will give you the opportunity to pay off your debt if just you ask them. If you fail to pay off the debt then the insurer will have little option left but to sue you in court for the unpaid balance and breach of contract. They may be able to recoup their loss by way of a court judgment and any available property or salary liens.
Do you have to continue paying your insurance if your car is stolen?
No, as long as you have let your insurance company know they car is stolen.
