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Kiplinger
Kiplinger
Business
H. Dennis Beaver, Esq.

How to Avoid a Big Hassle if Your Financed Car Gets Wrecked

Insurance USAA
A frustrated-looking woman stands next to her wrecked car and talks on her smartphone.

Today’s story will be of special interest to anyone who owns a vehicle that is financed — has a lien — and it is in an auto accident or otherwise sustains damage. If insurance is involved, who should the check be made payable to? What happens if the check is not made payable to the correct party?

What is a lien?

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