What Does Repossessed Autos Endorsement Mean?

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What does Repossessed Autos Endorsement mean? Read on to discover the definition & meaning of the term Repossessed Autos Endorsement - to help you better understand the language used in insurance policies.

Repossessed Autos Endorsement

Repossessed Autos Endorsement

An automobile policy endorsement providing coverage for autos that have become the property of the financing institution because of the failure of the purchaser to comply with the terms of the financing agreement.

We hope the you have a better understanding of the meaning of Repossessed Autos Endorsement.

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