0
If you own your car or house and are no longer making payments should you still have insurance on them?
Wiki User
∙ 13y ago
If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Is insurance company still liable for medical payments even you no longer carry that insurance?
The insurance should cover an accident while it was in force. If you had insurance 2 months ago and the accident happened 2 months ago, coverages should apply. If the accident happened today and the coverage stopped 2 months ago, there should not be coverage.
Notice of Death to an Insurance Company?
Get StartedThis Notice of Death is used to advise an insurance company that an auto or homeowners policy can be terminated because of the death of the policy owner.A policy should not be terminated until the insurance coverage is no longer needed. If insurance coverage will be needed for a longer period of time after the death, an insurance company representative or agent should be contacted regarding premium payments and to make sure that insurance coverage will continue for the desired amount of time.
If you are making payments to the bank for your car does the bank have your car title?
no,you should have title.
Should you keep life insurance on your ex-wife if you are divorcd?
If you still have financial obligations together or rely on her for any kind of financial payments you should. It is not wrong to maintain the insurance on her if you choose.
If a same-sex couple lives together but the home and mortgage are in the name of only one of the partners what happens to the house and mortgage if that partner dies?
Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.
You cosigned on a car for your son the title is in his name he is not making payments how do you get the title in your name so you can get ownership of the car?
Since your name is not on the title you have no right to possession. Therefore you must be diligent in making the payments on the loan to keep it current or your credit will be ruined. Make sure you have written proof that you are the one making the payments and keep a clear record for every payment you have made. Canceled checks are the best proof. Automatic withdrawals may not satisfy the court that you are the one making the car loan payments. Extremely important: You should make sure there is full insurance coverage on the car in case your son is involved in an accident. He may not be paying the insurance either. If he wrecks the car and there is insufficient or lapsed insurance you will still be responsible for repayment of the loan. You should contact an attorney in your area for advice on filing a court action to have the title transferred to you so that you can take possession. You should act ASAP to protect both your investment, your liability for the amount due on the loan and your credit.
When should one cancel term insurance?
One should cancel term life insurance when it is no longer needed, or the premiums required become unaffordable
Should I keep making payments in a VW diesel car?
If you keep on missing payments on your auto loan, there is a high chance that the vehicle may be repossessed by the bank.
Is it possible to find the VIN to a vehicle you no longer own?
An old insurance policy or the insurance company you had it insured with should have it on file.
How can one reduce the insurance cost?
The insurance cost can typically be lowered by avoiding accidents that require insurance payments for an extended period of time. After a certain amount of time has passed without an accident, the insurance cost should go down.
Can a creditor keep harasing you if you are making payments on time?
can they? yes. Should they? No. Will they?.....probably. Can you sue them for it?.....if you have the money for it, maybe
How many renters insurance quotes should you compare before making a decision?
You should compare at least 2-5 renters insurance quotes before making a decision. The reason is that comparing is good. It allows you to see the differences between renters insurance quotes.
