Very upsetting day today......my poor z =[

37zeroZ · 09-14-2011, 04:49 PM

From what I've read....doesn't sound good in favor of Kayess.

Insurance is designed to protect the party who has the title in their name, i.e., money talks. In this case, it's the finance company....not the owner who is making payments. You own nothing until the finance company releases the title to you, thus, they are the ones on the hook.

There are checks and balances in place to make certain that full coverage is obtained by an individual who is lent money, but not always 100 percent. The responsible individual is the person who is given the property. You are ultimately responsibility for making sure that you cover any loss that might prevent you from defaulting on the purchase.

Or you could do the dishonourable thing and default on the loan and turn over the vehicle to the lender. Not what I would recommend, but I've seen worse defaults. Of course, not smart, especially if you have paid much money into the vehicle greater than taking a loss.

Good luck.

Cyberium · 09-14-2011, 04:53 PM

Why am I able to take my car off insurance during the winter months when I'm still paying on the loan?

PapoZalsa · 09-14-2011, 05:36 PM

Quote:

Originally Posted by Cyberium

Why am I able to take my car off insurance during the winter months when I'm still paying on the loan?

You are not suppose to but every financial institution is different.

Daveski38 · 09-15-2011, 09:18 AM

Cyberium,

If your house catches on fire and claims the car with it. House insurance doesn't cover your car.

I've experienced this first hand.

calvie · 09-15-2011, 09:58 AM

What if someone stole your car during the winter?

Ron · 09-15-2011, 10:11 AM

then ur SOL

semtex · 09-15-2011, 10:13 AM

Quote:

Originally Posted by Cyberium

Why am I able to take my car off insurance during the winter months when I'm still paying on the loan?

Quote:

Originally Posted by calvie

What if someone stole your car during the winter?

Quote:

Originally Posted by Ron

then ur SOL

Cyberium, can you shoot me a PM with your home address? Thx.

TMAN1985 · 09-15-2011, 10:28 AM

Honestly if this doesn't work. I would try to get another loan on a new vehicle and get this one repo'd. But make sure you get another vehicle before it gets repo'd so your credit is messed up already. But I'm hoping that the insurance company comes through for you.

doublea2527 · 09-15-2011, 08:24 PM

Did you have VDC off?

PapoZalsa · 09-15-2011, 10:17 PM

Quote:

Originally Posted by doublea2527

Did you have VDC off?

You DID NOT go there!

SPOHN · 09-15-2011, 10:37 PM

Quote:

Originally Posted by doublea2527

Did you have VDC off?

I know this serious and all. But that is funny.

Hope the OP gets a GTR out of the deal. Such crap.

kayess · 09-15-2011, 10:46 PM

Quote:

Originally Posted by doublea2527

Did you have VDC off?

Haha...this put a big smile on my face!

Quote:

Originally Posted by SPOHN

I know this serious and all. But that is funny.

Hope the OP gets a GTR out of the deal. Such crap.

If this happens, the beers on me!

Still no set date for meeting with progressive currently.

SPOHN · 09-15-2011, 10:56 PM

Funny thing is a couple weeks ago I was given a Progressive business card at a show. It's in the trash now.

You have two companies that didn't do there jobs that left you hanging (possiable). Seems to be a trend these days with people doing half a$$ jobs where other suffer.

Cyberium · 09-15-2011, 11:44 PM

I know it's not the smartest thing to take my car off insurance during the winter when it's in the garage, but my point is... Progressive shouldn't even let me do it when they know I still owe on it.

Progressive FTMFL

urdeliveryguy · 09-16-2011, 12:10 AM

ouch .. i dunno what id do if i saw my car in that water. but atleast u have gap. my buddy destroyed a bran new s2k few years ago.. luckily he had gap, paid for everything.

09-14-2011, 04:49 PM	#136 (permalink)
37zeroZ Enthusiast Member Join Date: Feb 2010 Location: Dallas Posts: 346 Drives: Truck Rep Power: 14168	From what I've read....doesn't sound good in favor of Kayess. Insurance is designed to protect the party who has the title in their name, i.e., money talks. In this case, it's the finance company....not the owner who is making payments. You own nothing until the finance company releases the title to you, thus, they are the ones on the hook. There are checks and balances in place to make certain that full coverage is obtained by an individual who is lent money, but not always 100 percent. The responsible individual is the person who is given the property. You are ultimately responsibility for making sure that you cover any loss that might prevent you from defaulting on the purchase. Or you could do the dishonourable thing and default on the loan and turn over the vehicle to the lender. Not what I would recommend, but I've seen worse defaults. Of course, not smart, especially if you have paid much money into the vehicle greater than taking a loss. Good luck. Last edited by 37zeroZ; 09-14-2011 at 04:58 PM.

09-14-2011, 04:53 PM	#137 (permalink)
Cyberium Enthusiast Member Join Date: Mar 2009 Location: Vermont Posts: 379 Drives: 370z Touring \| Sport Rep Power: 16	Why am I able to take my car off insurance during the winter months when I'm still paying on the loan? __________________ Stillen G3 Intakes \| F. I TDX

09-15-2011, 08:24 PM	#144 (permalink)
doublea2527 Base Member Join Date: Jan 2011 Location: Hinesville, GA Age: 35 Posts: 93 Drives: 09 Tour+Sport Rep Power: 14	Did you have VDC off? __________________ Fast Intentions / Michelin / SPC / Stillen

09-15-2011, 10:56 PM	#148 (permalink)
SPOHN A True Z Fanatic Join Date: Feb 2010 Location: Covington, GA Age: 45 Posts: 14,844 Drives: Waiting on next Z Rep Power: 221	Funny thing is a couple weeks ago I was given a Progressive business card at a show. It's in the trash now. You have two companies that didn't do there jobs that left you hanging (possiable). Seems to be a trend these days with people doing half a$$ jobs where other suffer. __________________ Last edited by SPOHN; 09-15-2011 at 11:59 PM.

09-15-2011, 11:44 PM	#149 (permalink)
Cyberium Enthusiast Member Join Date: Mar 2009 Location: Vermont Posts: 379 Drives: 370z Touring \| Sport Rep Power: 16	I know it's not the smartest thing to take my car off insurance during the winter when it's in the garage, but my point is... Progressive shouldn't even let me do it when they know I still owe on it. Progressive FTMFL __________________ Stillen G3 Intakes \| F. I TDX

09-15-2011, 09:18 AM	#139 (permalink)
Daveski38 Base Member Join Date: Jul 2010 Location: South of Houston Posts: 114 Drives: 10 BC A/T T Roadster Rep Power: 15	Cyberium, If your house catches on fire and claims the car with it. House insurance doesn't cover your car. I've experienced this first hand.

09-15-2011, 09:58 AM	#140 (permalink)
calvie Base Member Join Date: May 2011 Location: new york Posts: 2 Drives: none Rep Power: 14	What if someone stole your car during the winter?

09-15-2011, 10:11 AM	#141 (permalink)
Ron A True Z Fanatic Join Date: Oct 2010 Location: Houston, TX Posts: 3,009 Drives: TT '11 PW Nismo #113 Rep Power: 22	then ur SOL

09-15-2011, 10:28 AM	#143 (permalink)
TMAN1985 Enthusiast Member Join Date: Aug 2011 Location: Fort Myers, FL Posts: 296 Drives: 09 Touring/Sport/Nav Rep Power: 14	Honestly if this doesn't work. I would try to get another loan on a new vehicle and get this one repo'd. But make sure you get another vehicle before it gets repo'd so your credit is messed up already. But I'm hoping that the insurance company comes through for you.

09-16-2011, 12:10 AM	#150 (permalink)
urdeliveryguy Enthusiast Member Join Date: Aug 2011 Location: philadelphia / delco Posts: 278 Drives: 09' touring 6sp Rep Power: 14	ouch .. i dunno what id do if i saw my car in that water. but atleast u have gap. my buddy destroyed a bran new s2k few years ago.. luckily he had gap, paid for everything.

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