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What happens now is up to the LENDER. They may or may not want the wreck, but they certainly will want THE MONEY owed on the loan,

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โˆ™ 2015-07-15 19:47:38
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What is forfeiture

Which of these is the best description of delinquency

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This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: If the repo man came and the owner ran off with car then 2 days later the car was wrecked with no insurance what should they do now?
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Related questions

Would you have to pay for a car that you wreck but isn't yours?

If you wrecked it, you will be held responsible for it. And the owner could sue. If they gave you permission, their insurance would probably cover it, but the insurance company might come after you. And the owner would certainly want you to cover their deductable.


Are boats cover under home owner insurance?

no, you should have boat insurance separately


Does your insurance pay for damages to your car if you have full coverage and someone living with you who had no drivers license took your car and wrecked it?

Probably not, most insurance companies hold the owner of a vehicle responsible for keeping the vehicle secured. Meaning even if the unlicensed driver took the vehicle w/o permission, the owner should have made certain that such an event could not have occurred.


Someone wrecked into my car and i need their insurance information all i have is the vin how can i get their insurance information?

If you have full coverage, just report it to your insurer and they will investigate it for you. If not, then you'll just have to find the owner. You can do that at your local police department when you make your accident report.


Does the registered owner of the car have to be on the insurance policy even if they don't have a license?

The insurance policy should be in the name of the registered owner of the car.It is not necessary that he should have a licence.The person who is driving the vehicle should have a valid driving licence.


Cosigner need insurance?

The cosigner on an automobile loan is not the person who has to pay for insurance on the vehicle. The registered owner should pay the fees for insurance. However, it is the cosigner's responsibility to make sure the registered owner is carrying insurance for the vehicle.


Who needs home owner insurance?

as everything you need insurance to protect you from things that can happen to something so you'll get a reduction on the full price of it. your insurance company will pay for it. you should get home owner insurance to help you in accidents and to be safe.


Who should be named owner of life insurance?

The owner of a life insurance policy should be the person or corporation that is responsible to pay the premiums on time and the one who is entrusted with power to change the beneficiary at any time. So careful thought should always go into deciding who the owner will be. Often, the owner is the spouse of the insured, but can also be the insured.


Can you have the insurance in your name but the car is registered to someone else?

Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.


Does home insurance continue to the executor after a person dies?

The executor should contact the insurance company and notify it of the death of the owner of the policy.


Who pays insurance on a rental home?

The owner will usually have a policy but if you are a renter, you should have a renters insurance policy to cover your personal belongings.


If a car owner wrecks another vehicle can the owner of the wrecked vehicle sue both the owner and co-owner for property damages?

That isn't enough information. I suggest that you talk to a lawyer.

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