 I have an insurance question? |
| If I'm 18 years old, do i need to have a parent present with me when i go to a doctors office if i'm still under their insurance? in this case.. blue cross blue ... |
|
 Questions about life insurance? |
| I'm looking into getting life insurance and I'm wondering how the whole process works. If I take out a $300,000 whole life policy on myself with my fiancee as beneficiary, and I pay the ... |
|
 Affordable health insurance? |
| I need help finding affordable health insurance. I'm helping my dad out. He wants to cover himself and my little brother. Any suggestions?... |
|
 I Can no Longer Afford Health Insurance? |
| I buy health insurance through my employer, and I love the insurance. However, I can no longer afford to pay for it. My husband lost his job about 3 months ago and we are only working off of my ... |
|
 Stop insurance from sending info about my doc. visits to my parents? |
| I am on a policy that my father holds. Is there any way i can prevent my insurance company (UHC) from sending info. about when I went to the doctor, how much the claim was, to my parents? I live at a ... |
|
 Is it possible to discontinue LIC premium payments? |
| I do want to discontinue making payment for a LIC premium. The policy is 3 years old. Kindly let me know is it possible? If possible, whether LIC is going to pay me the whole invested amount or it ... |
|
 What can be done if someone stops a check they have already written? |
| We own a garage and someone wrote a check for work we did on a vehicle. After they left our shop they stopped the check because they took the vehicle and traded it in the same day. Which had to be ... |
|
 How soon I can use my employer supported health insurance? |
I am going to start a new job from the last week of June.
I am getting health care through my employer.
I am wondering, would I be able to use my health insurance from July 1st? If I have a ... |
|
 Just got a roommate, a tree branch fell on his car, I rent a house &? |
| The landlord doesn't know I have a roommate, or he would charge us more rent. The roommate only has liability on his car. The dent is pretty big. It is from a tree on the landlords property, I ... |
|
 Can you regularily add family members to an insurance plan who don't live with you? |
| I would like to get health insurance for my parents who cannot afford it, and am wondering if it is possible to just add them to my plan since they do not live with me (or even live in the same state ... |
|
 What is Jello made of? |
| I heard it was made of ground up bones.... |
|
 We want to change our Life Insurance after fifty. Should we go with term insurance? |
| we have found out that our insurance is universal and has taken us this long to figure out that we were paying for nothing really. Should we switch to a term insurance at this age?... |
|
 Do you believe that husbands or wives with the necessary wherewithal are obligated to have life insurance? |
| I have life insurance on myself to protect my mate or child in case I die. It is often difficult to make the payment for life insurance and some friends have told me to drop the policy and not worry ... |
|
 Life insurance for seniors? |
does anybody know any good life insurance for seniors?
i need to try and help my parents some life ... |
|
 About how much does General liability insurance? |
Any Independent Contractors out there that could give me an idea about how much it cost, because I have no idea.
Additional Details
oops: About how much does General liability insurance ... |
|
| Which is the best Health Insurance Plan or scheme? |
| Many companies are suggesting many plans which is best suitable ?... |
|
 Homeowner's Insurance FIRE question: Tenant's property covered? |
| Two tenants displaced...Fire, lot's of property... Insurance has 180K limit, plus has 18K for "personal Property", 18K for "other property", $500.for personal property 3rd ... |
|
 Stolen laptop :'( can i claim on house insurance? |
| first time ive ever left my laptop in a vehicle and it has to be my girlfriends brand new mini. she went to manchester adn whilst she was enjoying a fashion show at harvey nics, some theiving ... |
|
 If i was named the only beneficiary in my significant others life insurance would i have to split it with the? |
Additional Details
wife of only 1 month, he past away on his honey-moon,we talked befor the wedding and he said he was keeping me on the insurance and not putting her on any thing, I ... |
|
|  |
Joe.R | This is really ridiculous. Two months ago I totaled a car that I am still financing. I didn't have full? ? |
coverage on it. I want to get this car out of the collision shop and junk it.
Today I heard one of the most ridiculous things- that I can't junk a car that I am still financing, EVEN if I am still faithfully making my payments. I even heard a rumor that I can't even remove auto insurance on this car until I pay it off (!!!!!)
My question is WHAT THE HELL IS GOING ON HERE? I have 4 more years of payments on my car. What am I supposed to do with this car, put it in my pocket???? I can't POSSIBLY pay for storage (and insurance) for another 4 years, ESPECIALLY for a car I'm not driving.
Cars have been around for more than a century. I CAN'T BELIEVE that these types of situations weren't thought of and make simple DECADES ago. What am I supposed to do now? |
 |
 
Aikha Gandhi
|
That is not ridiculous at all, if in this 4 years you 1.) decide not to make more payments, 2.) lose your job, What is the financing company go for ???
The car, (that is the item that will belong to them in case you stop your payments : )
Anyways why u do not sell your car ???
Why you don't ask for a credit and pay you car off ??? so eventually you can get rid of it ...
Why did you buy a car ???? : )
Anyways about the insurance, I think any car has the must to have an insurance even if you do not drive it.. it is part of the business... thats why I ask myself again, why did you buy a car that you don't need !!! : ( |
|
sarah314
|
These types of situations have been thought of...that's why a person can purchase loan/lease payoff coverage to protect them if they owe more than the car is actually work.
Unfortunately, you made the choice to finance a car under those terms. Not everyone extends out the term of a loan to the point where they end up owing more than the car is worth.
You also made the choice not to purchase gap coverage to protect you for the difference between what the car was worth and what you owed.
You're learning an expensive lesson here, but hopefully you (and your friends/family) learn from the situation and don't make those mistakes in the future. |
|
scott c
|
You do not own the car by yourself. you and the bank co-own the car. they have rights to and want to protect their rights.
Your best option is to call the bank and try to work something out. you could porbably sell the salvage to a salvage yard (your ins co cab refer yoyu to one). The bank will need to agree. Then buy another car and roll the current balance into the new loan, through the original bank. You will be paying more per month but you will have a car and you will unload the old one.
Next time, make sure you have Collision and Comp coverage!
You may be able to sue your agent for professional liability, as he/she should have informed you you needed collision coverage. |
|
Subliminal
 |
How were you able to add your vehicle to your insurance without 'full coverage'? The insurance company always (or should have at least) asked who the lien holder is. Its been my experience that any financed vehicle must have 'full coverage', until the title is clear then you can drop the full coverage down to minimum state liability coverage (if you so chose to do so). You may even want to check your loan agreement as you may have violated that as well by not having full coverage on your vehicle. Sorry to throw all the negatives at you, and I'm sure it varies by state, but you may end up paying for that car loan completely..... |
|
mbrcatz
 |
You can't junk it, because you don't have the title. You need the title to junk it. YOu have to pay the loan off, and THEN you can junk it.
You should have read your finance agreement!!
If you DO cancel the insurance, then the lender is going to put "forced placement" coverage and add it to the loan - and if you don't pay it, they'll repo the car. Do you care? LOL
The problem, is the LOAN. It's borrowing money for something, and then, of course, not INSURING it for collision, so that if you cracked it up, someone else would pay.
Until about the past 20 years, people didn't drive cars that they paid half their annual income for, and finance it over four to six years. People USED to not buy stuff if they didn't have the money.
The PROBLEM, is the borrowing.
You're going to have to pay this bad boy off, so you can get on with your life. And pay cash for your next car, even if it's a $500 POS car. |
|
paul
 |
Who/Where did you hear this from. The finance company may insist that you pay off the loan if you transfer title. You should be able to negotiate this with them if the car is worth little or nothing. You may begin the discussion with" I am trying to consider if allowing you to seize the car for nonpayment would be less expensive then trying to pay for the car the next four years because of the cost of auto insurance and storage". You can then propose that they change the loan from a collateral loan to a personal loan so you can dispose of the remains of the car. They must be a real micky mouse company that allowed you to finance the purchase without complete coverage.
If the finance company refuses to make this change I would let them seize the car for lack of payment and when they sue you can tell the judge in court what your choices were. I am sure he will insist on a more reasonable solution. If you do this you will take a hit to your credit rating. But you can insert a letter in your credit file explaining why you had to take this step.
A third alternative if the finance company is stubborn is to obtain a loan from somewhere else that can be personal or based on other collateral so you can pay off this loan then junk the car. |
|
src50
|
The only thing ridiculous is that you didn't carry full coverage on a financed car. You are still on the hook for the loan balance. |
|
shawn
|
usually if a car is financed for 3,000. or more you must carry full coverage.that way you and the bank are fully backed if any thing goes wrong.if the car is under 3,000. you don't have to have full coverage because it will cost you more to cover it than it's worth. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 12 minutes(s) ago
| | | |
8 | 27 minutes(s) ago
| | | |
8 | 34 minutes(s) ago
| | | |
8 | 35 minutes(s) ago
| | | |
8 | 41 minutes(s) ago
| | | |
6 | 54 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
7 | 9 hour(s) ago
| | | |
7 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
