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If the finance company thought your insurance was cancelled and put an add on policy to your loan and the car was totaled while both policies were in effect will both policies pay for the loss? |
Answer
No, the finance company would simply refund any monies they charged you for forced placed insurance and your primary insurance company would be responsible for footing the bill.
First answer by anonymous. Last edit by anonymous. Question popularity: 35 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Insurance > Auto Insurance > Auto Accidents and Insurance Claims > If the finance company thought your insurance was cancelled and put an add on policy to your loan and the car was totaled while both policies were in effect will both policies pay for the loss?
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Can you have multiple insurance policies? How the US carried out communist policies? Can you two insurance policies on the same car? What is happening in case there are two insurance policies for the same thing? When duplicate coverage exists some policies may stipulate that they pay nothing until all other policies?
