The short answer
Your auto policy stays active until the lender takes possession — do not cancel first, or you leave a lapse on your record that raises future premiums 20–40%. Damage caused by the repo company is their liability. Personal property left in the vehicle is a homeowners / renters contents claim, subject to your off-premises limit (usually 10% of contents).
Frequently asked
- Should I cancel coverage the day of repo?
- No — wait until the lender confirms possession in writing to avoid a lapse.
Your policy is the only source of truth
Stop guessing. Check your actual policy.
Generic answers don't pay claims. PolicyPal reads your policy wording in seconds and tells you, in one sentence, whether you're covered.
Upload your policy$3 per analysis · $9 for all 4 tools · No subscription