09-12-2011, 09:45 AM
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#11 (permalink)
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A True Z Fanatic
Join Date: Apr 2011
Location: Midwest
Posts: 1,349
Drives: 370Z PW 2014
Rep Power: 18
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Quote:
Originally Posted by PapoZalsa
No financial institution will let you go without FULL COVERAGE insurance on your car. So in this case must be a big misunderstanding in paperwork by somebody.
All financial institution will check your insurance coverage and will let the owner know if he is not in compliance with the terms of FULL COVERAGE, becasue it happened to me before and I had to call the insurance company for them to fix there mistake.
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The financial institutions make mistakes too. Including overlooking a lack of comprehensive coverage. Four years ago, my wife was leasing a Tahoe through GMAC. The insurance policy transfer got screwed up (agent screwup) and after the 30-day automatic new-car carryover, that vehicle was totally uninsured for almost a year before my insurence agent finally caught it. GMAC sure didn't.
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