Legal Question in Insurance Law in California

loan

i have a question regaurding a loan i took out for a car, when at the time i signed the contract it did not state any thing about me needing insurance right away. And that my wifes insurance would cover the car for 30 days. So at the time i was stationed away from home and the car was not with me, and my wife has her own car so no one drove the car.I know thats besides the point of needing insurance in california when you purchase a car. A month later i bought insurance and was coverd for two months. i then went out to sea and was gone for a month & 1/2 i did not pay insurance any more so my insurance was cancelled. when i returned i purchased insurance once more and now i coverd. But as of january 30 they thought to buy insurance through some other company without my concent and took a loan for $2,300 to cover the insurance for a year. They then attached the amount to my car loan.My thing is why do i have to pay for the amount of the loan they took out on my behalf if i knew nothing about it.And is there any thing i can do about this or do i have any rights .Because i was coverd for some of the months, there where only two months i was not coverd with car insurance.I think thats all i should have to pay if any.if so can i prove


Asked on 5/15/06, 3:20 pm

2 Answers from Attorneys
Steven Murray Steven W. Murray, APC

Re: loan

The loan documents you signed allow the creditor to buy insurance to protect itself. Please email me if you are on active military service. Thanks.

Read more
Answered on 5/16/06, 6:38 pm
Robert F. Cohen Law Office of Robert F. Cohen

Re: loan

Usually the seller will take out insurance to protect their equity in the property if you don't. The insurance most likely DOES NOT cover you for liability. Thus, you should have your own insurance to protect you in case of an accident. If you buy an insurance package that covers the car, then notify the dealer's carrier that you've purchased insurance, and they might refund you the difference -- as long as you can provide proof.

Read more
Answered on 5/16/06, 6:38 pm


Related Questions & Answers

More Insurance Law questions and answers in California