Question

 In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?

Answer Answer Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.
http://wiki.answers.com/Q/In_the_state_of_Texas_can_the_lender_repo_your_vehicle_if_you...

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Will GAP insurance cover the full amount of a vehicle if the insurance coverage on a vehicle has lapsed and it is totaled?

GAP NO.  GAP covers the GAP left (if any) of what someone owes and the current market value of the vehicle should the loan balance exceed market value.  In other words, you owe $16,000 on a vehic... Read More »
http://wiki.answers.com/Q/Will_GAP_insurance_cover_the_full_amount_of_a_vehicle_if_the_...

What will happen to your current insurance policy if you transfer from a newer vehicle with full coverage to an older vehicle with basic coverage?

The cost of the monthly permiums should go DOWN, as the cost of replacement of the car, or repairs to it will be less expensive.Check with the insurance agent.
http://wiki.answers.com/Q/What_will_happen_to_your_current_insurance_policy_if_you_tran...

If you have full coverage auto insurance and you damage another vehicle and not yours do you have to pay a deductible?

Answer It is the liability portion of your auto policy that pays for the damage to another vehicle that you hit. There is no deductible to fix the other car.
http://wiki.answers.com/Q/If_you_have_full_coverage_auto_insurance_and_you_damage_anoth...

How long do I need full insurance coverage on a financed vehicle?

In California, anyway, you need full insurance coverage on a car the whole time it is financed. After its paid off, you can drop a bunch of the coverage and just carry liability.
http://wiki.answers.com/Q/How_long_do_I_need_full_insurance_coverage_on_a_financed_vehicle


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