in short this is travis saying to everyone I couldnt afford full coverage so i had liability and the insurance company said fuck off :nana
What visual mods did you have done to your car that they’d even KNOW were considered aftermarket? Especially fuel components.
Thought it was state law to have full coverage on a car that had a loan…
they saw the turbo, oil feed line, tmic, full catless exhaust, modified fuel injector clips, larger injectors… the fact the car has a walbro 255 in it doesnt help my case either…
Dont see how thats possible with a lean ??
BTW, Karma, to answer the question .
Sorry Trav, it’ll all work out in the end.
How did they know all that?
nope there is no law regarding full coverage to vehicle with a loan it is a genral rule buy lenders that at the time of the appoval of loan that the insurance binder represent full coverage which means you dont actually have to buy it you just had to show you were going to buy full coverage insurance but you declined what travis should have bought was gap insurance it would have covered the difference in the loan oh yeah if you can tell I have a part time job as a finacial advisor for citi bank
posted from nys dmv faq
What are the requirements for motor vehicle insurance in NYS?
A motor vehicle registered in NYS must have liability insurance. Insurance coverage must be a minimum of $25,000/50,000 for injury, $50,000/100,000 for death, and $10,000 for property damage caused by any one accident. New York State is a no-fault state. The liability coverage must remain in effect while the registration is valid, even if the vehicle is not used (except motorcycles).
- The liability coverage must be NYS insurance coverage, issued by a company authorized to do business in NYS and licensed by the NYS Insurance Department. Out-of-state insurance coverage of any type is NEVER acceptable or valid. If your vehicle is registered in NYS, the liability insurance coverage must be NYS insurance coverage.
- Liability coverage must be issued in the name of the registrant and must remain in the name of the registrant at all times. A change on the insurance to a name different from the registrant causes a lapse in insurance coverage, and the driver license of the registrant and the registration is suspended.
- You must show a NYS Insurance Identification Card when you apply for a vehicle registration. Your insurance company, agent or broker must issue two original NYS Insurance Identification Cards to you. The Insurance Identification Cards must have the same name as the registration application and must have a barcode.
- The insurance company must also file an electronic notice of insurance coverage with the DMV to verify the liability coverage. (The agent or broker cannot file this notice.) Your Insurance Identification Card and the electronic notice of insurance coverage together verify your insurance coverage. An Insurance Identification Card only does not prove liability coverage.
- An Insurance Identification Card must be presented within 45 days of the effective date of the insurance coverage. Bring the cards to the DMV office when you apply for the registration. The DMV office will keep one card. Keep the other card with the vehicle. If a police officer requests your proof of insurance, you must show your Insurance Identification Card.
- The DMV does not accept any out-of-state insurance documents.
Shit. I forgot a note was on that car. Oh, the bank is going to be pissed.
yeap…
I wish i could run 9s with the boost controller mod :tong
Fixed that for ya. Good thing you’re judgment proof, Trav!
:stfu
Travis, bad idea to plan a winter build for the next car. I’d get something cheap and lay low for a while until all the associated problems and debt get worked out.
But thats just me…
:+1
:+1 :+1 :+1 :+1 :+1 :+1 :+1 :+1 :+1 :+1 :+1
:worship
Maybe someone has some used mods for sale?
A bit weird to hear someone say he is going to mod a car right after discussing declaring bankruptcy…
didnt the bankuptcy laws change recently ??? how is it gonna work he didnt default on the loan the car burned up they got nuttin to take esp if its parted out :ponder
He owes the bank. I guess they can take the entire thing if there is any value to it. I am not sure how it works because how can you sell parts to a car that you don’t 100% own?
im not getting into the specifics on here… im sure you all can figure out whats happening as it unfolds… the next car will remain 100% stock/driveable until i have the CASH stored away in a safe place to change things. until then im keeping my mouth shut about my situation… speculate all you’d like.