The word obligated means: You Have To.
Most States have minimum insurance laws.
All lenders require insurance on the car.
Yes.
the at fault drivers insurance is obligated to pay for damages the insured caused up to the specified policy limits.
if you get stop in Canada for DUI and don't report to insurance, are you obligated to report to them.
A car insurance company can cancel your policy for many reasons and they are not obligated to provide you with insurance. Different companies have different criteria for cancellation of a policy due to accidents.
Yes, your car has to have insurance as long as it is meant for the road. In almost every country, you are obligated by law to get a car insurance. A car insurance is required even if the car is not being used on the road. The only escape route from getting a car insurance is if it has been officially declared as 'off the road'. But before going to choose any insurance company first compare Cheap Car Insurance Quote by mymoneycomparison.com. Hope all will be benefited.
medical insurance
No, the seller is obligated to provide clean title. If the dealer has sold a stolen car, you should be able to get all of your money back.
Not at all. Just whisper in the owner's ear: "Tough stuff old PAL" "Shoulda kept up your insurance"
Drivers are required to have insurance. If you wreck your vehicle, the insurance company will pay for it. If you are driving without insurance in a vehicle that is not paid for, you still are obligated to repay the money you borrowed to buy the car. It is not the bank's fault that you wrecked the vehicle.
Yes, they can take you to court over the damage that you caused. Your insurance company would be obligated to defend you assuming that you are cooperating with their defense efforts.
You signed the loan papers and until the loan is paid in full you and you only are obligated to your creditor. If you don't make the payments on time you will have your credit damaged.
I take it you mean, if your car IS repossessed. In that case, IF you dont plan to redeem it, NO. NO car, NO insurance. Once the lender repos the car, they are responsible for the insurance coverage.