If My Car was Repossessed, What Happens With My Insurance?

What happens with your insurance when your car gets repossessed? If your car has been repossessed, then it typically means you missed a car insurance payment. If you missed a car coverage payment, then chances are also high that you’ve missed a recent insurance payment. In this situation, your lender’s auto insurance may apply, and you may be forced to pay a higher car payment.

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UPDATED: Jun 6, 2022

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