Finance Company retro added Insurance Premium to loan principal already provided proof of Insurance?

Answers:1   |   LastUpdateAt:2012-09-10 01:42:03  

Asked at 2012-09-09 02:02:05
I refinanced my car in September 2008. I received a notice in November that insurance had been added to the balance of my loan because I did not provide proof of insurance. Upon notification, I called my insurance company and asked to provide my financial company with proof of coverage. I said finance company received a letter once sure would be eliminated. A week later I got a call from my finance company stating that they have received proof of coverage, but not shown as leinholder so can not credit my account to be sure. Then I call my insurance company again and have updated my faxes leinholder agent another letter. I call my finance company back and say they have received a letter from my agent, but shows the policy effective date 10/28/08 so I can give only partial credit insurance premium that left added to my first loan of 630. Again I call my agent card statement showing request showing that the car was covered flawlessly since being acquired in 2007. I follow up the letter with the bank explained that despite demonstrating that have been covered since 2007 have the right to charge the premium for not having been listed as leinholder in my safe until 10/28/08. They told me that they were not protected if an accident had entered in September. I explain that they have the title of my car and displayed as leinholder in my title, plus they had full coverage on my vehicle in September. Plus it is now December are retro billing for services not rendered. MedlinePlus MedlinePlus When asked if there is anything that can be done. They said no, because they were not listed as leinholder with my sure they have the right to bill lapse in coverage even though I recognize that my car was insured. I am currently trying to get my insurance to lein holder retro but that is proving difficult as well. I live in the state of Missouri I was wondering if anyone has any advice on how to deal with this situation, what are my rights as a consumer? Do I have any legal recourse? Because insurance finance company just charged me an additional amount on the payment of my regular car (You pay my normal car has been paid). I was warned if no payment within a week will consider paying my car later and add a additional late fee. What should I do? Any advice would be helpful Thanks in advance.
Answer1FionaAnswered at 2012-09-10 01:42:03
There are only two words for this situation . Insurance Commissioner , Insurance Commissioner, Insurance Commissioner . MedlinePlus MedlinePlus You must call the Commissioner of Insurance or the Department of Insurance in your state and file a complaint against your leinholder . You can call first and threaten to call the Department of Insurance and will complain if not taken in charge and refund your money as soon as possible . Tlhey have problems with the state when a complaint so that a threatening phone call to the leinholder can do the trick . If not, call the Department of Insurance and file a complaint against him. Since I had insurance that should not have charged a dime you for sure whether they were leinholder appears as makes no difference .
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