Are you responsible for maintain your auto insurance after your motor have be repossessed?

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Answers:    Once the car have been repossessed, you no longer enjoy an insurable interest in the vehicle. Drop your insurance coverage. The nouns company will sell the vehicle at auction and you will be responsible for the difference contained by the amount you owe less the market amount. You will also be responsible for the repo charge & auction charge.

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Probably a good perception until the title has changed hand. If it's stolen or damaged, you may go and get stuck for additional charges.

Advise your agent and see what he suggests

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I would vote no.

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