In Fresh York state can the reposses your car if you have no insurance?
Im not from ny but in tn.,ohio and mich.they will for sure you see there collateral is in jeppordy and they have to pertect their interest.
Yes you must have insurance in NYS.The rates have skyrocketed so in alot
of cases it costs more for ins. than your car payments.You can in NYS have
a friend register the car in their name to get lower rates and pay the ins.
Where can you get a title insurance primer for Fresh York State?
Title insurance is regulated in NY by their Department of Banking and Insurance. Check out their website at: ins.state.ny.us Go on the website of any of the larger title companies or their local agents. They usually have an FAQ section explaining title insurance and what it covers.
In Fresh York State can a lender repossess a car if it’s not delinquent and has decent insurance even when you are in default on an unsecured loan with the same creditor?
You need to contact your Attorney General about this one. You will get the correct response based on NY law..
Read your contract it should state if there is any “linkage” inbetween the loans.
When can your car be repossed?
The most frequent cause of repossession is lack of payment on a note owed to a financing company or bank. The lender can repossess anytime after a payment is missed, but most won’t begin such proceeding until you’ve missed two or three payments. Always attempt to work with the lenderbeforeyou get too far behind.
Can your car be repossed if you miss several insurance payments?
YES. The bank or lender, who possesses the vehicle ( You don’t own it until ALL the payments have been made ) are within their rights to take it back as you are not insured if you don’t PAY for the insurance. You are taking a chance THEIR property, the car, by not having insurance coverage on it continually. Recall, you DON”T own it until ALL the payments have been made in total. Until then the company that LOANED you the money to buy it , Wields IT.
Do you need a license to insure a motorcycle in the state of Fresh York?
You do not need a license to insure a motorcycle in Fresh York State. I just bought a 2009 Vulcan 900 Custom-built, and have insurance through Progressive. I do not have a utter license yet even tho’ I have taken and passed the BRC from the MSF.
Can you purchase a car in fresh york state with a learner’s permit?
I believe you can, because you don’t necessarily have to have your licence or permit toowna car. However, just because you own the car doesn’t mean you’re permitted todriveit.
How do you become a licensed car dealer in the state of Fresh York?
Becoming a NY Licensed Car Dealer .
Contact the NY Department of Motor Vehicles. Each state carries individual rules and regulations. That would be an excellent beginning point.
How do you obtain a Fresh York State car dealers license?
Go to the NY dmv website and it should explain their requirements and everything else you will need to know..
Can you register your car without insurance in fresh york?
NO it is illegal..
The above reaction is incorrect. It depends on the state. Some states do not require insurance to register or drive a vehicle.
Where can your car be repossed from?
I believe any where, except they cannot break into a garage and take it..
Any place it is located, as long as the reposser finds it
Is Fresh York a renters insurance state?
If you are asking in there tenants policy to be purchased in NY the response is yes, simply call and ask your agent.
Is it mandatory to have boat insurance boat in the state of Fresh York?
In many states it is mandatory to have boat insurance. However, itis not required in the state of Fresh York.
What do you do when your car is repossed?
When you finance or lease a vehicle, your creditor holds significant rights on the vehicle until you’ve made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car..
Talking with Your CreditorIt is lighter to attempt to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you’ll be late with a payment. Many creditors will work with you if they believe you’ll be able to pay soon, even if slightly late..
Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may turn down to accept late payments or make other switches in your contract and may request that you come back the car. By voluntarily agreeing to a repossession, you may reduce your creditor’s expenses, which you would be responsible for paying..
Reminisce that even if you come back the car voluntarily, you’re responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report..
Seizing the CarIn many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a “default.” In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are permitted on your property to seize your car without letting you know in advance..
But creditors aren’t usually permitted to “breach the peace” in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace..
Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property..
A creditor usually can’t keep or sell any individual property found inwards. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can’t account for articles left in your car, talk to an attorney about whether your state offers a right to compensation..
Selling the CarOnce your creditor has repossessed your car, they may determine to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold..
In either of these circumstances, you may be entitled to buy back the vehicle by paying the utter amount you owe, plus any expenses connected with its repossession (such as storage and prep for sale)..
In some states, the law permits you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession..
The creditor must sell a repossessed car in a “commercially reasonable manner” – according to standard custom-made in a particular business or an established market. The sale price might not be the highest possible price – or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable..
Paying the DeficiencyA deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $Two,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing..
In most states, a creditor who has followed the decent procedures for repossession and sale is permitted to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract..
Depending on your state’s law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only chance to present any legal defense..
If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment..
Your credit will also be ruined for 7 years.
Why is identity theft insurance not available in Fresh York state?
This is because NY state’s Insurance law does not permit for insurances that provide coverage for incidental and remedial expenses while the victim restores his/ her identity. .
You can find more information here;.
If you get youre car get repossed can you buy a fresh car?
Sure, but you might have trouble getting the loan to buy it due to the fact that your other car got repossessed by the bank that gave you another loan.
Can you junk a car in state of fresh york city with no title?
yes you can WITH ID and signed paperwork stating you lost title so that if car is stolen, they can find you!!
In fresh york state can your car pass inspection with light on?
The response is simply no. It doesn’t matter if the light turned on for one of Chevy’s annoying “50,000 mile checks” or if there’s a sensor out, etc… The ‘Check Engine’ light is an instant inspection failure inFresh York State & they WILL charge you for the inspection. Yes it’s fully ridiculous, but what do you expect, it IS Fresh York State. The politicians here would mug you on the streets if the state government thought they could get away with it.
Can you reposses a car in a different state?
Property can be repossessed in any state. A recovery agent can leave his home state to recover property in any other state in the union.
Do you have to pay the deficiency on a car repossion in the state of Kansas?
Yes you do. You can file for bankruptcy and may be afforded some consolation, but by law you are responsible for the difference inbetween what was owed and what the lender was able to wholesale the car for.
Your daughter was driving your car out of Fresh York State and a deer hit the car the car is registered and insured in Fresh York Sstate should you have to pay the deductible?
Yes. The deductible is applicable regardless of fault, location, or anything for that matter. You agreed to pay a portion of the damages when you signed your policy contract. The deductible is your portion. It’s sort of like a co-pay.
I live in Fresh York i will get Four points on my license i was driving a car insured Geico by my grandfather. will i now have to get my own policy. what if i state that i only drove the car once?
If you drive, you must be covered by insurance. Having driven the car only once makes no difference.
If you are the lien holder on a car can you reposs a car if there is no insurance on it?
Whether or not a lien holder can repossess a car if there is no insurance depends on the contract, local law, or both. In this state, a wordy contract is valid. You will need to check local law.
What is length of time in Fresh York before a bank would reposses a car?
There is no time limit. As soon as you are in debt or default on payment with the creditor, then they may repossess the goods, and this includes cars. This can be done, by law, without notice. .
What the Law SaysFresh York law states that a lender or seller may take possession of the secured goods, on default, without going to court. The secured creditor also may, without removing the goods, render such goods unusable. Consumers should be aware of the following provisions of the law: 1. The creditordoes not have to give you any noticebefore coming to take away the goods..
In reality, there would most likely be a period of grace while the creditor attempts to recoup the asset by less dramatic means. However, legally, they can repossess instantly. For more information on repossessed cars and how the law applies in Fresh York, a good resource is the Better Business Bureau (see link). After a car or motorcycle is repossessed then the following applies: .
Motor Vehicles and MotorcyclesFresh York law requires a creditor who repossesses your motor vehicle or motorcycle to notify you personally, or by special delivery very first class mail, within 24 hours of such repossession. Such notice must also be given to the nearest motor vehicle district office and must include the name and address of the person, stiff, or corporation repossessing the vehicle. If your motor vehicle or motorcycle is being held under a lien for repairs or storage, the holder of the vehicle must come back to you any registration plates for such vehicle upon your request within 24 hours. If the creditor fails to do this, he/she must personally produce or mail by special delivery very first class mail, a notice of such holding and the number plates of such motor vehicle or motorcycle to the nearest motor vehicle office..
To understand your rights on this and in other states visit the linked links.
Adding minor to Fresh york state car insurance?
Simply call your insurance company up, and tell them you need to add your minor to your policy.
Can you insure a car with learner’s permit in fresh york?
If you own the vehicle in question, you do NOT have to wield a drivers license or permit in order to registrer your ownership of it.
Can a car be registered to one person and insured by another in Fresh York State?
No. The insured must be the holder of the vehicle. You cannot insure something that you do not own. This is in any state. You don’t want to find this out when you have a claim. The insurance company cannot pay a claim on a vehicle where the proprietor of the vehicle is not the insured on the policy. As a matter of total disclosure, I own and operate a puny Independent Insurance Company in Central Georgia and have for the past 22 years. Prior to that I worked as an agent for a direct writer of insurance for Three years.
Is there a car insurance company who works in Fresh York?
Many of the major companies off car insurance in Fresh York. These companies include Progressive, State Farm, and Nationwide. Other local companies exist for insurance in Fresh York.
Are any Fresh york car insurance policies good?
There are several Fresh York can insurance policies that are good, but if you want the best coverage, you need to go with places such as Progressive and State Farm.
Is there affordable car insurance in Fresh York?
Affordable car insurance can be found in every state. Safe Auto is a company that specialises in mininum coverage, so it will be cheap and legal. But it may not cover as much as you would like.
Is it expensive to purchase car insurance in Fresh York?
Average car insurance rates in Fresh York are difficult to give a ballpark number for, not because its expensive, its just the prices vary dramatically depending on where you live and what agencies available to you. for example the aver price of insurance in Queens ranges from 400 to 1500$ on average and the average cost of insurance in Manhattan in 1100 to 1900 $. The best advice I could suggest for getting the best rate is to shop around alot for the best quote.
Is homeowners insurance mandatory in Fresh York State?
Mandated by Law, No, not in any U.S. stateMandated by your mortgage contract on penalty of default and foreclosure, Yes. All mortgage companies require that the buyer maintain adequate coverage until such time as the note is paid off.
Where can you buy insurance in Fresh York State?
“Depending on what type of insurance you are seeking in the state of Fresh York, Progressive Insurance and Nationwide Insurance may be in your best options, if you are seeking life insurance on the otherhand I would begin with Colonial Life Insurance.”
What company has Fresh York state insurance code 994?
994 means the vehicle is self-insured by the company it is registered to. Example : the NYPD uses 994 to indicate that they are self-insured.
My car was repossed in fresh york and they dont know what happened to the plates?
Putting a question mark at the end of a statement does not make it a question.
What nine states can reposses your car?
As far as I know all states cars can be repossesed with the correct legal paperwork.
Can you buy a car with a learners permit in Fresh York state?
i don’t know, you find the response! Generally speaking, yes. To PURCHASE a car, all you have to have is money or credit and some sort of ID.
Can you insure a car in Fresh York with a permit?
Yes. In the US you can get a one month permit in NY or any other state. I would infer that the person goes to DPS online to make sure that the driver and vehicle can be permitted to drive in that state.
Is car insurance higher in the state of Fresh York than most of the rest of the country?
On July 30, 2012, CBS News released a report on this subject in which they ranked the Top Ten Most Expensive states for car insurance, and the Top Ten Least Expensive states for car insurance based on income percentage of drivers. The state of Fresh York ranked as the 8th most expensive state for auto insurance behind Delaware, Arkansas, Mississippi, West Virginia, Kentucky, Louisiana and Michigan, with Michigan being the most expensive.
Can lender reposses car or lack of insurance?
Yes, if you don’t have utter coverage insurance the collateral is in jeopardy. In other words if you were to total your car the lender has no collateral.
Which car insurance is needed for driving a cab in Fresh York?
Standard automotive insurance is required for driving a cab in Fresh York City. The driver must also have public hire insurance and have a medallion which can be very costly.
What are the best prices for car insurance in Fresh York?
The price of insuring ones car in the state of Fresh York will depend on many factors. Age of both car and driver, model of car, purpose of ownership and the area in which one lives all have a bearing on the price.
What companies suggest car insurance in Fresh York City?
There are several companies which suggest car insurance in Fresh York City.Nationwide auto insurance offers insurance and includes a written ensure on repairs, a choice of repair shops and the capability to see your repair online.Mercury Insurance notes that Forbes called it “One of America’s most trusted companies” and offers several options within it’s car insurance service including liability insurance, collision insurance, comprehensive insurance, medical insurance, private protection insurance and uninsured driver insurance.
Where can one find a car insurance in Fresh York City?
One can find car insurance in Fresh York City by looking into some of the top car insurance companies. Some of the more popular companies that suggest car insurance at a good price are Progressive, State Farm, or Geico.
Is it necessary to have gap auto insurance in Fresh York State?
In Fresh York state it is necessary to have gap auto insurance. It is the seller’s legal responsibility to include gap auto insurance in the cost of leasing the vehicle.
Where can one find cheap car insurance in Fresh York?
Car Insurance in Fresh York must be purchased from a legally authorized company within the state of Fresh York.Authorized companies included Geico and Nationwide Insurance.
How many cars can one driver insure in Fresh York?
As long as you pay the insurance premiums, there is no limit to the number of cars one driver can insure. The insurance companies will be blessed to do business with you.
What is the current rate for Fresh York State unemployment insurance?
The current rates for Fresh York State unemployment insurance grants about $100 a week for people. These rates will hopefully be less needed in the future.
Where can one find information on Fresh York state car insurance?
There are many places to find information on Fresh York state car insurance. You may go to a large chain insurance source such as Geico, State Farm, Allstate, or Progressive. You may also visit the Fresh York state Department of Motor Vehicles.
What companies suggest car insurance in the state of Fresh York?
There are several car insurance companies operating in the state of Fresh York, such as Fresh York Motor Insurance. Alternatively, one could attempt Manhattan-Insurance, for example.
Can you buy a car with learners permit from dealers in Fresh York state and get car insurance with learners permit?
Property OwnershipYes, you can buy. Anyone can buy a car. You don’t need driver’slicense to buy a car. But you will need a license or permit to legally drive it. Inexperienced DriversYes, you can buy auto insurance with a learners permit. It would beillegal to drive the vehicle uninsured. You will just have to paymore in premium as an inexperienced or youthfull driver. and you mayhave to contact more companies to find the right one that will alsoexcept you as a fresh driver. If you are incapable to find a company on your own. All 50 states havean assigned risk pool for high risk drivers, all will accept anapplication from a permitted driver. If you choose this routethough you will need to contact an insurance agent who offerscoverage through your states risk pool. Standard agents ornonparticipating agent will not be able to help you process anapplication there and will likely not know what is being offeredthrough the plan. Most states risk pools are accessible on-linethese days and suggest a list of agents and contact information nearyou. Youthful DriversIf you are a minor, then you will need a legal guardian tocountersign your insurance application due to the legal limitationson minors coming in into a contract.