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 Posted: Thu Jul 09, 2009 10:27 pm Post subject: Into an accident with auto loan but no insurance |
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| So I wrecked my car that im still making payments on but I had no insurance at the time of the work.I got an estimate to get it fixed and its about $8000+.I don't have good credit to take out a loan or make enough money to pay to get it fixed.I need help! |
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beezysmith
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Joined: 09 Jul 2009
Posts: 1
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| Posted: Fri Jul 10, 2009 7:13 am Post subject: |
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Hello Beezysmith,
- Which state are you from?
- Who is responsible for the accident?
If you are not at-fault then you could have the responsible driver's insurer take care of the repair expenses.
Please let us know the answers of the above questions and we would take-up the issue from there.
~ Jeremy |
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JeremyHolter
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Joined: 06 Jun 2007
Posts: 1142
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| Posted: Fri Jul 10, 2009 11:22 am Post subject: |
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Yep, you sure do...as Jeremy said if another party was at fault for the accident then you 'might' be alright. If you were at fault you have a lot of trouble.
Is your vehicle a total loss? What is your vehicle worth? If you don't know post the yr/make/model/mileage and options and I'll look up the value.
Are you sure you didn't have insurance? Leinholders will force collision and comp on vehicles they have a note on, and tack that premium on your note. It's very expensive but they do it all the time. Have you got a letter from them in the past saying if you don't prove that the vehicle is insured they will put insurance on it?
When did your policy lapse and why? What happened in the accident? Were other vehicles/people involved? Did you hurt anyone?
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Lori
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Joined: 10 Sep 2007
Posts: 6810
Location: Missouri
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| Posted: Tue Sep 15, 2009 3:30 pm Post subject: I NEED HELP TOO! |
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I am in the same boat as Breezysmith. I still owe money on my car and rolled it a few times. I didnt have insurance because of bad times. My car loan company sent me proof of insurance applications all the time and then about a year and a half ago they stopped. Does that mean they had insurance on my car? If so can I tell them I wrecked it without them suing me? I LOVE my car but now it is just a heap of scrap metal, no way to fix it, and the payments are killing me especially now that I cant drive it. I was the only vehicle invovled and the only person in the car. An 18 wheeler pushed me off the road in a rain storm and then I hydroplayned and you know the rest. I need help, idk if this will effect my credit score and seriously dont want to be sued.
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Hodgie
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| Posted: Tue Sep 15, 2009 10:23 pm Post subject: |
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| Quote: | | Does that mean they had insurance on my car? |
Probably, but they've added that cost to your note. | Quote: | | If so can I tell them I wrecked it without them suing me? |
Have you been making your payments? Or did you neglect to pay for those as well? If you're making your payments then they probably will just have the carrier they have insuring your car pay them directly and HOPEFULLY that will satisfy your note with them. | Quote: | | I LOVE my car but now it is just a heap of scrap metal, no way to fix it, and the payments are killing me especially now that I cant drive it. |
So, you quit paying for insurance over a yr and a half ago, but you did make your car payments? | Quote: | | I was the only vehicle invovled and the only person in the car. An 18 wheeler pushed me off the road in a rain storm and then I hydroplayned and you know the rest. |
No contact though between you and the truck right?
You're very lucky to be alive, but also that you didn't damage someone elses car, or injure someone, then you would be on the hook for that as well, your lein holder did NOT add any liability coverage to your note you can bet on that. Most likely only collision and comp... | Quote: | | I need help, idk if this will effect my credit score and seriously dont want to be sued. |
Well honey, how do you think this won't affect your credit score? Your lein holder sends you letters for months, you just ignor them. You have no insurance on the property that THEY own....Doesn't your state require insurance? How can your plates be current? Don't you have to show proof of insurance when you renew them? Contact your lein holder immediately, ask them if they put collision and comp on the car.
I don't mean to sound harsh, but seriously, if you couldn't afford the ins. on this car, you should've sold the car and bought something you could afford. Honey, you're not just endangering yourself but every other person on the road when you drive like this...
Let us know what your lein holder has to say
_________________
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Life gaurantees a chance NOT a fair shake
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FIND a way EVERY day to lighten the load of another
************************************** |
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Lori
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Joined: 10 Sep 2007
Posts: 6810
Location: Missouri
44.12 Dollars($)
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