2006-10-02 15:55:54 · 10 answers · asked by J Man Frost 1 in Cars & Transportation ➔ Insurance & Registration
They will pay you and the lienholder if repairable. If not, they will pay the lienholder in the event that it is totalled.
2006-10-03 12:50:21 · answer #1 · answered by Chris 5 · 0⤊ 0⤋
Provided you carry collision, the insurance will issue a check less your deductible made out to both you and the lender or you and the body shop of your choice. Since the lender is part-owner, they will not be able to issue a check directly to you. If the car is a total they will issue payment less your deductible directly to the lender.
2006-10-03 14:57:06 · answer #2 · answered by Pieandchips 3 · 0⤊ 0⤋
The insurance company will pay the repair facility that fixes your car. If you car is considered a total loss, they will pay your finance company so they can receive the title and salvage the car.
2006-10-04 10:31:51 · answer #3 · answered by msdagney 4 · 0⤊ 0⤋
The check will go to the loan company if the car is totaled. If it just needs repair it will go to the repair shop or to you if you paid out of pocket for repairs.
2006-10-02 15:59:53 · answer #4 · answered by walkerhound03 5 · 0⤊ 0⤋
the loan company does not care about what you do to the car
they only care if you make your payment
your insurance may or may not pay you anything on your car depending on what kind of insurance you have (just liability, collision, what?), what your deductible is, and if you are current in paying your insurance
the other damaged may also be your liability to the extent you insurance does not cover
call your insurance company immediately and talk to THEM, not us
2006-10-02 16:02:07 · answer #5 · answered by enginerd 6 · 0⤊ 0⤋
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2016-10-15 11:14:31 · answer #6 · answered by ? 4 · 0⤊ 0⤋
The pawn shop that holds the title to your rust-bucket 1988 Cavalier knows you can't afford collision insurance, so why are you asking this?
2006-10-03 10:12:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You don't own 1 oz.of the car until you pay off the loan company.And I mean in full.
2006-10-05 08:31:30 · answer #8 · answered by George K 6 · 0⤊ 0⤋
the ins co will make check payable to you and the loan company
2006-10-03 00:48:26 · answer #9 · answered by Anonymous · 0⤊ 0⤋
uummm, excuse me, can you try that in english so at least I can understand you ?
2006-10-06 15:17:24 · answer #10 · answered by Mark 6 · 0⤊ 0⤋