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What else can I help you with?
What was an insurance fund financed by employers?
Workers' Compensation was an insurance fund financed by employers.
What is the difference between comprehensive and third party insurance?
Comprehensive insurance covers damage to your own vehicle as well as third-party damage, while third-party insurance only covers damage to others.
What is the Toyota Financial Corp loss payee clause?
The Toyota Financial Corp loss payee clause is a provision in an insurance policy that designates Toyota Financial as the payee for any insurance claims related to a financed vehicle. This clause ensures that in the event of a total loss or damage to the vehicle, any insurance payout goes directly to Toyota Financial to cover the outstanding loan balance. This protects the lender's financial interest in the vehicle, ensuring they are compensated before any remaining funds are disbursed to the borrower.
Can you loan your car to your sibling in another state if it is registered financed and insured in your name?
Depends on your insurance company.
How can I find out if an owner financed home is insured?
To find out if an owner-financed home is insured, you can request proof of insurance from the seller, such as a copy of the insurance policy or a certificate of insurance. Additionally, you may want to contact the insurance company directly if you have the details, though they may not disclose information without the owner's consent. It's also wise to include a clause in the owner-financing agreement that requires the seller to maintain insurance throughout the financing period.
Does Buell require insurance if the bike is financed?
Any lender requires insurance if the vehicle is financed.
What is the minimum amount of auto insurance required by law on a financed vehicle in Ohio?
All states have regulated the minimum required Liability Limits of Auto Insurance within that state. Your lienholders Finance Contract that you signed will determine the amount of your property insurance coverage required to protect their interest in your financed vehicle.
How long do I need full insurance coverage on a financed vehicle?
In California, anyway, you need full insurance coverage on a car the whole time it is financed. After its paid off, you can drop a bunch of the coverage and just carry liability.
Do you need to continue coverage when car is not working?
This will depend on the state laws and regulations where the vehicle is registered. It also may have to do with whether or not the vehicle is financed. Financed vehicles will always have to have insurance according to the finance agreement. In Georgia, the only way that you can not have insurance is to surrender the tag and registration of the vehicle. If you have an active tag then you must have insurance on the vehicle. If you have the tag for even one day that you don't have insurance you will be fined and eventually the tag and registration will be cancelled then the driver's license will be revoked.
What was an insurance fund financed by employers?
Workers' Compensation was an insurance fund financed by employers.
In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?
Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.
What does the car insurance do after they totaled the car?
According to most auto insurance policies, the company will repair, replace, or pay the actual cash value of the vehicle insurance if you have the appropriate coverage. If the vehicle is deemed a total loss, which means that the cost to repair is close or over the actual cash value of the vehicle, the company will pay the value of the vehicle to your finance company or bank if it is financed, and will pay you any amount over the amount owed to the bank or finance company, if it is financed. At this point you have in effect, sold them the vehicle so they will take what is left of the car.
Who sells gap insurance?
GAP insurance is designed to cover the difference between what you owe on a financed (or leased) vehicle and the actual cash value that is paid by an insurer if the car is a total loss. Generally, GAP coverage is available through the car dealer or the finance company that finances the car.yes
Is it possible for insurance to be a different name than registered owner when car is being financed?
The short answer is that the person who is on the policy, must have a financial interest in the vehicle.
Do you need insurance on a financed car in NJ?
You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.
Is there a big cost difference between regular and Commercial Vehicle Insurance?
No, there is not much of a difference betwen the costs. Commercial auto insurance may sometimes cost more than personal auto insurance based on the size of the vehicle, but that's it.
What does gap auto insurance cover?
Physical damage coverage on an auto policy says that the insurance company has the option of paying to repair, replace, or pay the actual cash value of the vehicle. In the case where the damage to a vehicle's cost to repair is more than the ACV of the vehicle the vehicle is totalled and the company will pay the ACV of the vehicle. Sometimes when you buy a new vehicle without much or any downpayment you quickly get "upside down" in the loan. As the value of the car depreciates, the loan balance doesn't fall nearly as fast. For the first couple of years you owe more than the value of the vehicle. The insurance company has nothing to do with auto loan. GAP insurance was created to cover the difference in the ACV of the vehicle and the loan payoff. You can buy GAP insurance from the finance company or bank that financed the vehicle or from your insurance company. Purchasing from the insurance is much less expensive and you can drop the coverage once the loan balance falls below the value of the vehicle.
