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YES!!! Lienholders must protect their investment so therefore you must comply to their rules and regulations

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13y ago

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Related Questions

Do you have to have insurance to repossess a vehicle in South Carolina?

No, you dont even need keys to repossess a car in South Carolina


How long does a creditor have until they repossess a vehicle?

A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.


In Florida is it legal for a company to repossess your vehicle if that is your only means of transportation to and from work?

YES,its legal in every state.


Is a repossession vehicle allowed to repossess a vehicle inside a private community in the state of Florida?

If the repossessor is allowed in, yes. They cannot force their way into the community.


No car but have a Florida drivers license do i need to carry insurance?

No. You do not have to carry insurance in Florida if you dont own a vehicle.


How do you get auto insurance on a vehicle that has a cancelled registration?

Insurance would not require a valid registration but in order to be able to drive the vehicle you would need to register the vehicle again. You probably would not be able to register the vehicle until after you insure it.


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.


Do you have to get insurance right after you get your drivers license if you dont have a car?

not if you live in the state of Florida but the vehicle you operate has to have insurance. i.e. who ever owns the vehicle is responsible for insurance.


Is it true that No-Fault insurance is optional for owners of a vehicle in Florida?

yea


Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?

A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.


Can you be charged a repo and insurance fee when the original owner never notifid you of the repo and drove the vehicle away herself?

I'm not sure what your question/situation is but... The Finance company can do what's called "forced insurance" meaning if you do not have insurance they will put insurance on the vehicle at a hefty cost to you. They can also repossess the vehicle even if you are up to date in payments but do not pay them their insurance rate.... and that money is still owed after the repo.


Where can I buy antique vehicle insurance in Florida?

There's a company based in Orlando, Florida called LRA Insurance. They do have antique auto insurance and more. You can get a free online quote on there site lrainsurance.com .