Sentences with phrase «lien holders require»

Lien holders require collision and comprehensive to protect their own financial stake in the vehicle while it is being financed.

Not only are these types of motorcycles more costly to replace, but typically the owner has a loan on the bike and the lien holder requires more extensive coverage than a motorcycle that is paid off.

If you're driving a newer car, chances are your lien holder requires you to carry both collision and comprehensive coverage.

More than likely, your lien holder requires these additional coverages.

Not exact matches

Documentation Required: Bill Of Sale, Insurance Binder (full coverage listing Haverhill Bank as lien holder).

Often with short sales, the owners lien holder (bank or banks) will allow a credit for VA required repairs.

(Note, too, that the approval of junior lien holders may be required to restructure home loans.)

As such, in our scenario, before you get paid, you are required to pay $ 40,000.00 to the lien holders.

For financed cars, the lien holder may require that you obtain collision and comprehensive coverage.

The insurer will require all vehicle and driver information: year, make, model number and vehicle ID number for each vehicle, value for each vehicle, vehicle type, lien holder name and address, if any, garage location, operation radius, vehicle use whether it is personal and / or business use, gross vehicle weight and maximum cargo weight if it is truck or van; name and address of each driver, drivers license number, driving history etc..

For example, if your car is not yet paid for, the lien holder may require you have full coverage, or if you use your car for business purposes, you employer may require you to have full coverage.

However, if you have purchased a new car or are leasing one, your lien holder may require that you carry these coverages as part of the terms of your agreement with them.

We may be required by state laws and policy language to include any mortgagees / lien holders on your settlement check (s).

If you are merely the registered owner, and your car has a lien holder, such as a bank or credit union, you'll be required to maintain comprehensive collision insurance.

If you have a loan on your motorcycle, the lien holder may require you to carry comprehensive coverage.

Getting automobile insurance rate quotes on leased or financed vehicles makes sense, for example, since lien holders typically require these modes of coverage while you are working to pay off any outstanding financial obligations.

Lien holders typically require those who buy or lease cars from them to sign written statements pledging that they will maintain these areas of coverage as long as they still owe money on the vehicle.

Now if you own a newer car, your lien holder will probably require comprehensive and collision coverage.

One big reason for this is that some vehicles are leased or financed, and lien holders generally require these types of car insurance protection on their vehicles until the liens are satisfied.

Lastly, lessors, lien holders, and clients may require you to produce a certificate of liability coverage.

When drivers borrow money toward the purchase of an automobile, they are generally required by lien holders to include collision and comprehensive insurance until the loan is paid off.

Although you are not obligated by state law to carry comprehensive and collision auto insurance, your lien holder will require it to protect the loan given to you.

These are optional as far as the state is concerned, but auto lien holders typically require them to protect their financial stake in a vehicle until it is paid off or (in the case of a lease) returned to the dealership.

But, if your lien holder doesn't already require it, comprehensive auto coverage is something to consider when you gather St. Louis insurance quotes.

In fact, if your landlord is requiring you to have this kind of CA renters insurance coverage, then you may need to either provide them with a copy of the Coachella policy certificate or include them as a lien holder.

When there is an additional financial interest in your vehicle besides your own, the lien holder will require this added coverage to protect the funds they have invested in the vehicle.

A proposed bill may soon help speed up the approval process for homeowners selling their home through short sale by requiring subordinate lien holders to review and respond to short sale requests within 45 days.

• How to speed up your deals and streamline your short sale package for faster approval using the new «pre - determined» hardship categories • Which current HAFA documents are no longer mandatory and how this will affect your current deals • What new anti-fraud affidavit you must provide both the buyer and seller to verify the HUD1 Statement is at arm's length • The condensed approval timeline servicers, which are now required to use, and how this change benefits your business • How your ability to negotiate will change with the new increase in available incentives for subordinate lien holders • Why you might experience a surge in investor business when the «prohibition against resale» is reduced from 90 to 30 days.