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Declaration pages are the first few pages of the policy outlining your coverages. If you have a copy of you policy, your lien holder should be listed there. If it is not listed, call your insurance company or agent and request that they should add it to your policy. You will get confirmation in the mail of this change shortly after.

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13y ago

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Related Questions

Who needs lien insurance?

The lien holder would. A lien holder has a financial interest in the property


Can a lien holder file an ins claim on customer's auto policy?

No a lien holder can not file a claim against the insurance company as they are not the named insured, you are. Although if there is a lien on the vehicle the insurance payment for damages to your vehicle will be in your name and the lien holder name. They then might require that you fix the vehicle so they can protect their interest in the vehicle. each lien holder is different. CORRECTION: If the lien holder is named on the policy and the vehicle has been repossessed, the lienholder has a right to recovery under that policy.


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.


Is it the responsibility of an insurance company to notify the lien holder on a vehicle if any change in coverage?

Yes, they are required by law to notify your lien holder of any change in coverage.


If you are the lien holder on a car can you reposs a car if there is no insurance on it?

Whether or not a lien holder can repossess a car if there is no insurance depends on the contract, local law, or both. In this state, a verbal contract is valid. You will need to check local law.


Do I need homeowners Insurance after I pay off my mortgage?

Only a lien holder can require a borrower to carry insurance.


Is an assignee a lien holder?

An assignee of a lien is the new lien holder.


How do you put a lien on an auto that you have a financial interest in but your name is not on title and it is going up for sale soon?

You will have to get a new title showing yourself as lien holder


Do you still have to pay lien holder if car is a total loss?

Yes unless your insurance covers it.


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.


Can a lien holder charge interest on forced placed insurance?

Yes they can. If the lien holder had to advance the premium to pay for the insurance, the amount is added to your finance note with the interest. Force Placed Insurance is coverage obtained by the lien holder to cover their interest in the financed property when the buyer fails to meet the required coverage conditions of the finance note. No coverage is provided to the buyer at all, only the lien holder. Basically if the finance company has obtained force placed insurance coverage then the buyer is already in default on the terms of the finance contract. The cost of the coverage is added to your bill or finance note without benefit of coverage to the buyer.


Can a lien holder refuse release of lien if debt is paid?

If a debt has been paid off, the lien holder is required to release the lien. If the lien holder refuses, you will need to get a lawyer and take the case to court