As a co-borrower on a car loan, what happens if the insurance payments aren't made?
My co-borrower on a car loan listed my name as a non-driving owner on her car insurance policy. What happens if she doesn't pay the premiums?
The policy would cancel if she doesn't pay the premiums. Legally speaking, this wouldn't have an effect on you if you're a non-driver. However, if the vehicle is found to be without insurance, the finance company could repo the vehicle or force place insurance on it