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Q

My lien holder needs confirmation of insurance, do you automatically inform them of such or do I need to request it?


A

Typically a lien holder will require you have the state liability coverages and physical damage coverages on your vehicle plus list them as an additional insured. The insurance company should then list your lien holder on your insurance policy if you provide this information and they will send a declarations page to the lien holder normally.

Any lien holder, additional interest, or loss payee will receive notification of insurance. A copy of the declaration and/or any policy status forms are mailed to them. In addition, each insurance companies' service department can provide a faxed or replacement copy of any proof, if the lien holder needs additional proof. You should not need to request any documents to be sent to the lien holder, it is an automatic process.

 


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1 Responses to "My lien holder needs confirmation of insurance, do you automatically inform them of such or do I need to request it?"
  1. Visitor

    The situation so proposed is settled at the discretion of the lien holder. He may allow you 100% freedom or restrict it to dents most severe to be judge by him. Most likely he will want vehicle restored to a condition in which it could be sold.

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