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Wrongful repossession insurance???
Coverage for when the Repossession Agency wrongfully recovers an asset for a myriad of reasons.
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∙ 12y ago
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Will gap insurance covers repossession in the state of FL?
Gap insurance will not cover repossession in any state or territory of the US. Repossession is not a valid claim for insurance. In fact, it is possible your insurance could be cancelled as a result of the repossession, making you high risk.
Does gap insurance cover a repossession?
Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.
Is allied insurance a repossession insurance?
If your asking if your auto insurance provides protection from repossession for non payment of you car note. No, there is no such thing.Your auto insurance provides coverage for accidental injuries and or damages, it does not cover your car notes.AnswerI don't know what repossession insurance is. I know about life insurance, but I've never heard that term. Please re-post your question if this doesn't help!
Where do you get car repossossion permit?
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
How do you start a repossession business?
To start a repossession business you must file the appropriate business license. Many repossession businesses also have insurance and a bond for their business.
Can you get your car back after repossession for no insurance from a buy here pay here?
no you can not sory
Can your car get repossessed for not having the right insurance?
If insurance is required by your contract then the 'wrong' insurance might be a contract violation allowing repossession. You have to read your contract.
Can a person in the military who is not on overseas duty be sued for the repossession of a wrecked vehicle?
Did you have insurance when it was wrecked???
Do you cancel your insurance on a a voluntary Repossession?
If this is a vehicle you own and can not pay for it any longer and decide to give it back, yes, you should cancel the insurance you have on it AFTER it is out of your possession.
What should you do if the car was damaged while wrongfully repoed?
Every state requires repossession agents to carry insurance. If the vehicle is damaged during a repossession or especially a wrongful repossession, the agency that secured the unit must have it repaired at their own cost, or as a matter of insurance claim. Remember, do not sign for acceptance on the repairs until you are absolutely satisfied that they have been done properly.
Can i get auto insurance after a repossession?
If you have a repossession on your record and you have purchased a new vehicle, you will have no difficulty purchasing insurance. While some states allow auto insurance providers to check the credit history of applicants to determine their auto insurance rates, not all states do this. Even states that check credit history for premium ratings cannot deny you insurance strictly because you have a repossession on your record. While your premiums will be higher in the states that use credit history, you will be able to find insurance through large name insurers. The primary concern of the insurance company is your driving record and accident history. If you have a bad record, you have a more difficult time finding insurance and you may have to insure your vehicle through a high risk insurance company.
Anyone know what kind of demand there is for repossession agents in Wisconsin?
There is a need for repossession agents all across the country. Many insurance companies, banks and car dealers hire repossession agents as well as other places like farm equipment companies.
