 |
Can the bank holding the lien on a car find out if you have only liability and can they repossess if they require full coverage?In: Auto Insurance |
Answer
Absolutely! The insurance company should be sending the lein holder a copy of your policy and if you are not providing full coverage they will either repossess the car or purchase Lender's Single Interest Insurance (very expensive policies) and add the premium to your loan.
|
|
|
First answer by R. Last edit by R. Question popularity: 44 [recommend question]
|
Research your answer: |
Can you answer other questions about auto insurance?
|
|
