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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.


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 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.


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 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.

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