S
stecordbzgt
Guest
What is the name of your state? TX
I bought an automobile (put in my name, family member using and making payments) quite a few months back. I thought i called my insurance company and had them add the new vehicle. Now I see that I have never had insurance. The payments due, not been made. What legal action do I have. I saw this q&a....Q. Can an automobile leasing or financing company require an operator to have automobile insurance?
A. Ordinarily, banks, finance and leasing companies will require an operator of a financed or leased vehicle to have insurance in force. Proof of insurance and notification of cancellation will be sent by the insurance company to the leasing or financing company. Cancellation of insurance will cause a default in the loan or leasing agreement and may result in repossession of the vehicle
...........................can the vehicle be repossessed or is the contract void since no insurance was taken out on the vehicle? please help me!!!!!!
I bought an automobile (put in my name, family member using and making payments) quite a few months back. I thought i called my insurance company and had them add the new vehicle. Now I see that I have never had insurance. The payments due, not been made. What legal action do I have. I saw this q&a....Q. Can an automobile leasing or financing company require an operator to have automobile insurance?
A. Ordinarily, banks, finance and leasing companies will require an operator of a financed or leased vehicle to have insurance in force. Proof of insurance and notification of cancellation will be sent by the insurance company to the leasing or financing company. Cancellation of insurance will cause a default in the loan or leasing agreement and may result in repossession of the vehicle
...........................can the vehicle be repossessed or is the contract void since no insurance was taken out on the vehicle? please help me!!!!!!