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Will insurance pay for a repossessed car?

Updated: 8/21/2019
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10y ago

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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.

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10y ago
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Q: Will insurance pay for a repossessed car?
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When a car is repossessed what do you do with the insurance?

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


Can a car be repossessed from a car dealership?

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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.


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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.


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

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Must you carry insurance on a vehicle after it was repossed?

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