0
The lien holder would. A lien holder has a financial interest in the property
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
If Property has a lien that was not found by title insurance company what are the owners options?
Generally speaking, if the owner purchased title insurance the lien should be paid by the title insurance company. If not and the lien was recorded and missed in the course of the title examination the attorney who certified the title to the buyer should be contacted. Her malpractice insurance should pay the lien.
Does an insurance company have to pay the lien holder directly after an auto accident?
An insurance company generally does not pay the lien holder directly. The vehicle owner is responsible for paying for insurance coverage and will often deal with the insurance company themselves after a collision has taken place.
Can a insurance audjuster put a lien on your claim?
no, if they try to sue them.
Does auto insurance pay lien on totaled auto?
If an insured car is totalled the insurance company will issue a check made out to the lien holder and the owner jointly, both the lien holder and the owner have to endorse the check to cash it. If the value of the car is more than the lien, the lien gets paid off and the owner gets the remainder. If the value is less than the lien, and therefore, the insurer pays less than the outstanding balance on the loan, the lienholder will be entitled to it. Additionally, the owner will be liable for the balance owing after insurance proceeds are credited.
What type of insurance is needed when you have a lien or loan your car?
comprehensive coverage
What type of insurance is need when you have lien or loan on a car?
comprehensive coverage
What type of insurance is needed when you have a lien or loan on your car?
comprehensive coverage
If you are on a vehicles lien is it required to be on the registration and insurance as well Tampa FL?
MORE DETAILS My wife and I are both on a loan for our vehicle but I have a 2nd vehicle I use and she uses the one under the lien Currently we both are on the registration and insurance To make insurance rate more affordable for us can I remove myself from the reg and ins even though I am on the lien.
Do I need homeowners Insurance after I pay off my mortgage?
Only a lien holder can require a borrower to carry insurance.
Does lien holders insurance cover cost of unpaid bills after closeing?
No, a Lien holders "Single Interest" insurance policy, only covers the lien holders interest in the property, not the interest of the previous owner or foreclosed buyer. When a lien holder places it's own policy on a foreclosed or otherwise uninsured home it means that the buyer chose not to have insurance. The Lien Holder has placed the coverage to protect it's own interest. This type of policy is also referred to as "Single Interest Policy".
Can you buy insurance to safeguard your property from a future lien?
No. A future lien is not insurable. You can use legal maneuvers to shield your property from future liens.
Is a civil suit turned over to a homeowners insurance company for investigation considered a lien?
No. but it could lead to a lien being filed later if you are found liable and you don't have coverage under your home insurance policy.
