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If it's no longer your vehicle, you don't need to insure it.

2006-07-18 22:07:22
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When a car is repossessed what do you do with the insurance?

When a car has been repossessed the person paying the insurance should cancel it.


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.


How long should you keep insurance on a car that was repossessed?

IF you plan on getting it back, dont drop it. If you're NOT getting it back, drop ASAP. The lender has coverage. Good answer. If you can't afford to get the car back, drop the insurance. You should not have coverage on the vehicle that is not longer in your possession. Let the lender assume the responsibility. Why pay for something you don't have anymore?


What is Coverage A in insurance?

Coverage A is the dwelling amount. As in, if it cost $250K to rebuild your house then that is what your coverage A should be.


Should you cancel the car insurance on a repossessed car in Florida?

Yes of course you should!


Should you keep insurance on a repossessed vehicle?

Only if you intend to get it back.


Should you cancel the car insurance on a repossessed car in NJ?

yes


What exactly is insurance coverage?

Insurance coverage refers to a sort of policy for which one pays premiums to ensure that they are helped should disaster strike. The most common coverage is auto insurance, where the insurance company will pay the cost of repairing a car should you have an accident.


Can your car get repossessed for not paying your insurance?

IF your loan contract specifies that you must maintain insurance covering the vehicle, the answer is YES. Just an echo of the previous answer, most major lenders require that the vehicle maintain full coverage insurance. It states in your finance agreement that the vehicle must remain insured or it can be repossessed.


How can you continue getting insurance coverage for the pre-existing condition of terminal cancer after a divorce if the policy is in your husband's name?

the first way to do this is to obtain COBRA coverage. When your divorce became final, your ex-spouse was able to drop your coverage. Federal law is that all insureds can continue coverage with COBRA. Your insurance company or ex-spouse's employer should have sent you paperwork explaining what your rights are. But be aware, with COBRA, you are paying the full premium for the continued coverage.


Do homeowner insurance policies typically include flood coverage?

Flood coverage is not standard in most homeowner insurance policies. If flooding concerns you, then you should address this with your insurance company and have the coverage added.


What is uninsured vehicle coverage?

Uninsured motorist coverage provides insurance coverage when you are hit by a person who has no insurance coverage. You uninsured motorist coverage will take the place of the insurance that the other person did not have and will cover your damages just like theirs should have if they had it. The only difference is that you will have a small deductible for property damage coverage.


You are being demanded for the limit of your coverage auto insurance?

Your insurance agent should be handling this.


Should I continue paying car insurance if the car is totaled and have it removed from my policy?

If you plan on continuing the coverage on your new car then the answer is yes. If you don't get a new car then STOP!


Get you get full insurance coverage on a reconstructed title?

Yes you should be able to.


What are some insurance companies that offer maternity insurance?

If you have an individual health care insurance coverage, then your insurance may not cover the costs for maternity matters. If you and your husband have a family coverage medical insurance plan, then your maternity fees should be covered under that.


If you let someone who has no insurance drive your car and they wreck it can you get sued or what will happen as far as the insurance coverage?

Your coverage should kick in - if it was a matter of fault, you will be in the driver's shoes unfortunately.


What should you look for in a life insurance quote?

When thinking about getting a life insurance quote it is important to look for things such as the coverage term, the coverage amount, and the monthly premiums.


Is your dental insurance providing the coverage you need?

Most dental insurance plans cover routine maintaince and fillings for cavaties. This coverage should be suffiecient for the majority of people.


What would one need a certificate of insurance for?

A certificate of insurance is necessary to show coverage limits. Any business you plan to deal with should hold a current certificate of insurance to be sure coverage is current.


Should The Equipment I Am Leasing Be Insured?

Yes, you will need insurance coverage. In most instances, your business insurance will cover equipment leases.


Can insurance companies automatically add new coverage to your policy without your permission?

They should not unless you did not sign a waiver of coverage.


Does homeowners insurance cover stolen items at college?

If you have off premise coverage on your policy and the stolen items were scheduled on your homeowners insurance policy then Yes, you should be covered for those items. Contact your insurance agent for clarification of your insurance coverage.


Will auto insurance pay on an uninsurred motorist?

If you have an uninsured motorists coverage, then it should.


What if my car is in a friends GARAGE and it burned down including my car?

Homeowners insurance does not cover automobile losses.If you have full coverage insurance on your car you can seek coverage from your auto insurer.If you have only liability insurance then that is just the chance you take in opting not to obtain full coverage.AnswerIf you had full coverage insurance, it would pay for it. If he had insurance on the building, there should have been coverage for contents. He would collect and you would have to get him to pay you for your car. You might have to sue him for it if he doesn't want to pay.