Do car insurance companies automatically send proof of my full insurance coverage to the creditor who I financed my car?
2006-12-29 13:31:55 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
If you tell them who holds the lien, yes.
2006-12-29 13:35:10 · answer #1 · answered by Sir J 7 · 0⤊ 0⤋
If the creditor asks for it, you need to provide proof. Otherwise just be sure you have insurance and you will have no problems. Usually the insurance company will sent the loss payee (lien holder) notification of the policy, but not always!
2006-12-29 21:37:33 · answer #2 · answered by fire4511 7 · 1⤊ 0⤋
Sometimes, in some states. Other times they will ask you to have the insurance company send them proof of continuing coverage. Since they are the legal owner of your vehicle until it's paid for, you have to meet their requirements.
2006-12-29 21:36:42 · answer #3 · answered by oklatom 7 · 1⤊ 0⤋
Not normally, but it depends on the policy and the state you are in. We never do, unless we are asked specifically by the client or his bank. Normally the bank asks the insured to bring a copy of the registration/insurance card in.
2006-12-30 20:45:32 · answer #4 · answered by Fred C 7 · 0⤊ 0⤋
Yes
2006-12-29 21:37:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I have always had to show proof of insurance before I signed the loan papers. Ins. co.s just want your money. best to do it yourself.
2006-12-29 21:46:34 · answer #6 · answered by La-z Ike 4 · 0⤊ 0⤋
no,,most of the time you have to do this,,sometimes they,ll offer to do this,,but its actually better than having them do it,,they could always forget,,if you do it your self,,you,ll know its been done,,but they will sometimes offer to do this for you ,i did my own,,this way i knew it was done,,good luck hope this help,s.happy new years.
2006-12-29 21:38:38 · answer #7 · answered by dodge man 7 · 0⤊ 1⤋