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In most states, you will owe whats left owing after the ins. co. pays.

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โˆ™ 2015-07-15 19:26:49
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Q: If a car was totaled by the insurance company after it was repaired per the insurance company what is owed for a voluntary repossession?
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Do you call the finance company or just take the car to the dealer if you want to do a voluntary repossession and do you need to inform the finance company you're taking it back or will the dealer?

call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.


When a vehicle has been repossessed and taken to the auction does Honda carry insurance on it?

Not only does Honda have insurance on the vehicle, so does the repossession company, the storage company, the transport company, and the aution agency.


If you call in a voluntary repossession do you have to keep paying on the car until its picked up?

If it drives, take it to the finance company and hand them the keys.


Teen in ca totals mother's car mom has no insurance on minor but on the car will the car get repaired by the insurance company?

Only if the insurance company believes it was your mom driving at the time.


Where can you get homeowners insurance for a home that has had a fire?

If the fire damage has been repaired, you can get homeowners insurance from any company of your choosing.


Will an insurance company insure a home that had a fire and it not repaired yet?

No Way. Just like an auto insurance company writing full coverage on a wrecked automobile.


Why will insurance company not test drive my auto which is being repaired?

Insurance co. are not required to test drive any vehicle.


What will happen when a loan on a motorcycle has been defaulted and the finance company will not reprocess it?

If guess you mean "refinance" when you say "reprocess", the answer is repossession. Loans in DEFAULT are subject to repossession of the collateral and payment of the balance owed by voluntary or legal means.


Does the insurance company pay the person even if they do not get their car repaired?

Yes, because they incurred the loss.


Your car was recently totaled by insurance company can you buy it back from the insurance company?

I totaled my Mustang and was able to buy it back from the insurance company. They gave me the Blue-Book value less my $500 deductable. They would not insure it after I repaired it, I had to switch insurance carriers to get coverage.


How do I get my car repaired if the person who hit my car isn't insured?

Have your car repaired through your Insurance Company on your policy. It is then their task to obtain the costs from the person that hit you.


Does gap insurance cover repossession in the state of NY?

No, GAP Insurance covers the difference between the market value of the vehicle the insurance company pays you after a total loss and what you owe to the financial institution.


How does an active towing and recovery company become a repossession agent?

The active towing company will need REPO insurance and REPO agents. And some REPO clients.


Can you get liability insurance on your car if the insurance company totals it?

Normally yes. Some companies may require proof that you have repaired the car and it is road-worthy.


Who makes the commercial about the leaky dam trying to be repaired with a wad of gum?

Some insurance company. I forget what they are called.


What are examples of voluntary car repo?

If you call the Bank; Finance Company and let them know that you are going to return the vehicle to them. They tell you where you can drop the vehicle off and you deliver it to that place. That is a voluntary repossession. The only other thing would be if the Bank; Finance Company agrees to pick the vehicle up at your residence at no charge.


What is voluntary disclosure?

"Disclosure" is to reveal information, "Voluntary Disclosure" is to give permission for that information to be revealed, such as allowing your doctor to reveal your medical records to your medical insurance company, or allowing your bank to reveal your financial information to a lending company.


Can a repossession company in Maryland repossess a vehicel from a bodyshop without paying the repair bill?

Yes, they can. The car, while the finance company holds a lien on it, is the property of the finance company. As the person who damaged the car and brought it in to be repaired, responsibility for the bill falls on you.


How much of the rental is the insurance company liable for if their policy holder is at fault?

The insurance company is GENERALLY responsible for 100% of a rental to provide basic transportation or transportation that was of similar size to what was wrecked WHILE YOUR CAR IS BEING REPAIRED! Once the car is repaired, or once your car is written off and a check is given to you so that you can get a replacment car, the insurance company is no longer responsible. These are general guidlines and may vary in your state.


Can i get auto insurance after a repossession?

If you have a repossession on your record and you have purchased a new vehicle, you will have no difficulty purchasing insurance. While some states allow auto insurance providers to check the credit history of applicants to determine their auto insurance rates, not all states do this. Even states that check credit history for premium ratings cannot deny you insurance strictly because you have a repossession on your record. While your premiums will be higher in the states that use credit history, you will be able to find insurance through large name insurers. The primary concern of the insurance company is your driving record and accident history. If you have a bad record, you have a more difficult time finding insurance and you may have to insure your vehicle through a high risk insurance company.


Can you turn down a total by the insurance company and pay to have your car repaired by myself and still have car insurance?

Yeah, there should be no problem cancelling a claim on your insurance if it isn't under way already.


Does insurance company have to pay mortgage if house fire?

NO, not unless it is a total loss. If your house is being repaired by your insurance policy you must continue to make your mortgage payments.


Do you need a repossession license to work for a repossession company in Michigan?

only a drivers license


What does an insurance company owe if you have a damaged car you can fix yourself?

An insurance company would owe you what it would cost to have a mechanic/body shop repair the car. You have the option to keep the money or pay to get it repaired. If you are talking about your own insurance company then your deductible would come out of any amount paid if you have full coverage.


Will an insurance company send a check to you instead of the body shop?

The only way is if there is not a lien on the car. The reason being is to insure that the finance company is protected in case you decide not to have it repaired.