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

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โˆ™ 2008-07-01 20:41:47
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Q: When a car is repossessed what do you do with the insurance?
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Related Questions

What do you do about your car insurance once your car is repossessed?

Cancel your policy.


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

yes


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

Yes of course you should!


Can a car be repossessed if I don't have insurance?

yes by doing the confy stuff


If your car has been repossessed do you have to keep car insurance on it?

no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.


If you repossess your car do you have to continue insurance coverage on that vehicle?

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.


Does insurance help with rental when car repossessed?

I've never heard of an insurance policy that covers repossession. Remember, the car doesn't actually belong to you -- it was repossessed because you failed to honor the contract of repayment of the loan to buy it.


Does buying a repossessed vehicle raise your car insurance?

In this state buying a repossessed vehicle is no different from buying any other vehicle as far as insurance is concerned. The insurance agent checks over the car, takes pictures, checks the odometer, and quotes the rate just like any other used car. Of course if you have one car and you purchase a second car, your insurance goes up.


Can a car be repossessed because of no collision insurance when standard insurance was active on the car?

If your contract requires full coverage and you do not have full coverage, you are in violation of the contract.


My girlfriend canceled my insurance and called the car lot My car was repossessed to get the car back they want to be paid off in full what are my legal rights do I have any options?

If you owed money on the car (which is probably why it was repossessed), you need to pay what they demand. Check the paper you signed when buying the car if you think they are 'demanding' something different than you signed. Your girlfriend was smart to cancel the insurance, since a repossessed car does not need insurance. You cannot sue your girlfriend for calling the car lot, or for cancelling the insurance, because you cannot show DAMAGES to yourself.


Does gap insurance protect you if your car is repossessed?

yes, because it is so stupied that it is how i think


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.


What documents would you need after a repossession of a car in order to get it back?

To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.


Will insurance pay for a repossessed car?

Of course not! It wasn't stolen or wrecked, it was taken from you for failure to pay on the loan!Be sure to cancel the insurance.


Will your car insurance company let you have a rental car if your car was repossessed?

Very unlikely. Car insurance is primarily covering damage or loss of vehicle due to theft. Similar to if your car is being repaired a rental car will not be provided.


Is there any way to get a repossessed car back without paying the car insurance?

Not Unless you can prove that you already had the required insurance.AnswerNo. as soon as you have no insurance on a leased vehicle, the lein holder has the legal right to repo it.


Should you continue your insurance coverage for a car that was repossessed?

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


If your car has been repossessed are you required to continue insurance and for how long?

Once your car is repossessed, it is covered by the repo companys and the lenders VERY expensive ins. No need for you to maintain coverage UNLESS you plan on redeeming it ASAP.


What happens if you get your car repossessed?

if i get my car repossessed, can they put a llien on the house?


How can you locate your repossessed car?

Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.


How can you get a repossessed car back when it was taken for lack of insurance in Florida if you have had insurance the entire time?

CALL the LENDER. Clear up the ins. dispute with them and go from there.


Can your car be repossessed due to no registration?

No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.


Can your car be repossessed if you lose your job?

No, but your car can be repossessed if you don't make the payments.


Can a car be repossessed for not having tags?

No, only when you are required to have full coverage insurance and you dont, and the obvious that you do not make a payment.


Who is responsible for hail damage that happened while a car was repossessed?

The owner of the car listed on the insurance policy.