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What if you wreck a car without insurance and owe the bank payments?
Wiki User
∙ 10y ago
Then you still owe the bank.
Wiki User
∙ 10y ago
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What happens if you have a wreck without auto insurance and still money to the bank?
You'll be ticketed for driving with an invalid registration and driving without insurance, and you still owe that money to the bank.
What if i wreck my vehicle and it's not paid for?
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.
What is the journal entry for payments of insurance premium?
debit insurance premium expensecredit cash / bank
How can you receive online payments without a bank account?
Online payments must go to a bank account. Using a routing number for the bank being used and the account for which it is being placed.
Why is home owners insurance only offered annual payments for insurance?
Most homeowners insurances are paid for by the bank. People pay the bank their mortgage which includes the insurance rate in it. The bank then pays the mortgage. They like the once a year payment because it saves the bank time and money.
Can you get car insurance without a bank account?
Yes. Having a bank account is not a prerequisite for obtaining auto insurance coverage.
I bought a truck from someone and was making monthly payments. This person was not making payments to the bank. The truck is in the process of being reposed by the bank. Can I put a lien on the truck?
nothing you can do without a title in your name
How does one purchase debt insurance?
You can purchase a debt insurance policy if you're worried that an unanticipated circumstance may prevent you from making your monthly loan payments. You can purchase debt insurance from a bank.
When appling for disability do they check your bank account?
No, the content of your bank account has no relevance to your eligibility for disability payments. What they want to know is, are you actually disabled, and do you have disability insurance. That is what counts.
Where can I get mortgage payment protection insurance?
You can find insurance to cover your mortgage payments by going to the local branch of your bank and sitting down with a financial planner to see what options are available.
Your home insurance was not paid by the mortgage bank last month The insurance policy has been cancelled Does the bank have to insure you now?
The bank must make payments of these items from the account on time, if you kept an escrow account with the bank and carried out regular deposits for the taxes and insurance payment. If the bank does not pay the insurance premium on time and the insurance policy is cancelled, the bank must either get in touch with the insurance company and make them reinstate the policy, or buy a policy with another company. Nevertheless, within this time you keep being liable for continuing the insurance payment through your escrow account.
How do you use the word seize in a sentence?
The bank seized our property after we missed three payments.
