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Q: If you finance a car in your name or with one of your parents as a cosigner will your parents insurance cover it?
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Related questions

Does a cosigner for a contract on an apartment share in the liability and if so can one cover the cosigner's liability with tenants insurance?

Yes the co signer is responsible for the entire terms and requirement on the lease just like the primary renter is. NO renters insurance cover the contents of the apartment and in case you cause a flood to the unit below and items of that nature. There is no insurance for the co signer


What does forced place insurance cover?

It covers the finance company. nobody else.


Will auto insurance cover a disabled person for motorhome payments?

No. Auto Insurance provides coverage for accidental losses wheel operating your vehicle. To cover the finance note of a vehicle you would have to have purchased credit or finance note insurance offered to you by the dealership at the time of purchase.


Does gap insurance still apply if your car is paid off?

It will depend on the type of gap insurance you have. Finance gap insurance would expire as there is no finance to cover but return to invoice and vehicle replacement would still carry on until the end of the policy or a claim is made.


Will homeowner's mortgage insurance pay for failing drainage pipes under foundation?

Mortgage InsuranceNo, Mortgage Insurance is NOT Homeowners Insurance. Mortgage Insurance does not cover your home at all.Mortgage Insurance covers your finance note, not your home.


Married at 16 does parents insurance still cover?

Once you're married, you're legally considered an emancipated adult and would not be covered by your parents' insurance. You would be covered by your spouse's insurance.


Do you have to live with your parents in order to use their insurance coverage in an accident i had an accident with rental car my parents insurance would cover?

You don't have to live there as long as you are listed on the policy.


Are parents responsible for adult children without medical insurance in ma?

Some medical insurance plans will cover an adult child up to about age 24 under certain circumstances. Some plans will cover them if they are in college, living at home or are permanent dependents of the parents.


Can a company make you pay the balance on a car if insurance do not cover it all?

Yes, You still owe the balance of any note owed to your Finance Company.


What happens if you finance a home and it burns down?

IF the home is financed, the lender will require fire and hazard insurance. The policy will at a minimum cover the lender's cost.


What is forced mortgage insurance?

Force Placed Insurance is coverage obtained by the lien holder to cover their interest in the financed property when the buyer fails to meet the required coverage conditions of the finance note. No coverage is provided to the buyer at all, only the lien holder. Basically if the finance company has obtained force placed insurance coverage then the buyer is already in default on the terms of the finance contract. The cost of the coverage is added to your bill or finance note without benefit of coverage to the buyer.


What if amount of damage exceeds the amount of the coverages will the mortgage insurance cover it if its a lender-placed policy?

No. A lender placed or forced place policy is only to protect the bank or finance company and you pay the premiums. The policy does not cover the contents or anything except the amount that is owed to the bank or finance company. In these cases the policy was force placed because the homeowner did not keep the insurance that was required by the contract so the mortgagee placed the coverage to cover themselves.