answersLogoWhite

0

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.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

If you were in a car wreck in a company vehicle and the at faults insurance only paid for half the bills who pays the rest?

You probably would.


What can happen if car loans are not paid when there is no vehicle do to a wreck?

Then they will repossess the wrecked vehicle, sell it for what they can get, apply that to the loan balance, and you will be responsible for the balance on the loan. They will sue you in court to get it and will win. Now if you continue to make the loan payments, then none of this will happen. Did you not have insurance on this vehicle?


If an unlicensed person drives a vehicle with full coverage and a wreck occurs whether at fault or not will the vehicle be covered?

No,the vehicle will not be covered.


If a non-owner of a vehicle has a wreck and damage to the car hit is paid by the owner but there is no collision insurance on the vehicle at fault can the drivers insurance be responsible in Tennesse?

No, The vehicle owner chose to accept the risk associated with not having collision coverage. You can not use someone elses policy to cover the owners collision loss.


Do you get a temporary vehicle if you got in a wreck with full coverage but it was your fault?

nah mate


If driving a company vehicle after hours and i wreck into someone am i reliable?

If driving a company truck when not at work you are reliable for everything. If you wreck you could get fired and have to pay for damages.


Can you renew registration for a paid vehicle that has a lien on it?

No... a vehicle which has a lien against it isn't paid off.


Does a co signer have right to the vehicle after it is paid off?

The cosigner has equal right to the vehicle whether it is paid off or not.


Does a co-signer have right to the vehicle after it is paid off?

The cosigner has equal right to the vehicle whether it is paid off or not.


Vehicle title not returned after vehicle was paid off?

yes


What is a wreck?

Normally the term wreck is used to describe a situation when two objects, at least one being a vehicle, try to occupy the same space at the same time, also known as an automobile accident. "Wreck" can be when two vehicles collide with each other or if one vehicle collides with another object such as a tree, ditch, house, telephone pole, etc.


If your vehicle is involved in a wreck and not your fault do you get what you paid for your vehicle?

You need to get A attorney if you cannot get an amount that makes you happy. DO NOT ACCEPT ANY MONEY OR COMPENSATION from the insurance Co. until you are happy. The job of the ins. adjuster is to give you as little as possible. Tell them what you want, and do not back down. Do not threaten to sue, Just tell them you will retain legal council.