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How long should you keep insurance on a car that was repossessed?In: Repossession |
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Answer
IF you plan on getting it back, dont drop it. If you're NOT getting it back, drop ASAP. The lender has coverage.
Answer
Good answer.
If you can't afford to get the car back, drop the insurance. You should not have coverage on the vehicle that is not longer in your possession. Let the lender assume the responsibility. Why pay for something you don't have anymore?
First answer by roosta. Last edit by Mark. Question popularity: 58 [recommend question]
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