Local
Rule 2015-1 of the Arkansas Bankruptcy Courts:
IMPORTANT NOTICE REGARDING INSURANCE COVERAGE
ON YOUR VEHICLE:
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Under Chapter
13, if you own an automobile that has a lien on it, YOU ARE
REQUIRED TO CARRY COMPREHENSIVE AND COLLISION INSURANCE COVERAGE
on that automobile until the lien has been paid in full.
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If you
currently have Comprehensive and Collision insurance coverage on
your automobile, it is your responsibility to immediately provide
your Trustee with proof of such coverage, by providing the following
information:
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YOU MUST PROVIDE YOUR TRUSTEE ALL INFORMATION
REQUESTED BELOW |
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1. Your name and case number
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4. Name of Insurance company |
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2. Year, make and model of auto |
5. Name of Agent |
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3. Date coverage is effective |
6. Agent’s office address & Phone number |
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IF YOU DO
NOT CURRENTLY HAVE OTHER AUTO INSURANCE, insurance coverage will
be automatically placed on your auto beginning with the date you
filed your Chapter 13 petition. The charges for this insurance will
be added to, and paid by, your Chapter 13 case, which will cause
your monthly plan payment to increase. |
This insurance is Comprehensive and Collision
only. It is not Liability coverage, as required by the State of
Arkansas to obtain a license tag for your automobile.
IF YOU OBTAIN
OTHER INSURANCE COVERAGE on your vehicle at any time after the
filing of your Chapter 13 petition, you must immediately provide the
Trustee with proof of insurance for your automobile. |
IF YOU FAIL TO PROVIDE PROOF OF INSURANCE COVERAGE
ON YOUR AUTO by your first scheduled 341(a) Meeting of Creditors
hearing, Comprehensive and Collision insurance will be automatically
placed for you, and a new payroll order will be entered increasing
your chapter 13 plan payment by the amount of the insurance
premium(s). |
YOU SHOULD MAIL YOUR PROOF OF COVERAGE TO: |
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Priority Insurance Company
P O Box 5849
North Little Rock, AR 72119
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GENERAL INFORMATION REGARDING THE
CHAPTER 13 AUTO INSURANCE PROGRAM
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All cases in which the debtor has
insurance coverage provided through the Chapter 13 Auto
Insurance Program, MUST RETAIN A MINIMUM BALANCE ON HAND of
$100.00 in their Chapter 13 plan at all times. |
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The auto insurance coverage provided to Debtors is for
COMPREHENSIVE and COLLISION coverage only. |
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LIABILITY INSURANCE
is not part of the policy. Liability insurance is required by
the State of Arkansas to obtain a license tag for your
automobile. Our office cannot assist you with obtaining this
type of coverage. |
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COMPREHENSIVE COVERAGE
under this policy covers glass damage; vandalism; hail damage;
and damage from other acts of nature. |
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COLLISON COVERAGE
under this policy covers YOUR automobile only. This policy
will not cover damages to another automobile or other property,
if you are involved in an accident. |
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RATES under this
policy are the same for everyone regardless of age, sex or
driving record. All rates are based on the make and model of
the car and are set based on the value of your automobile as set
by the N.A.D.A. Retail Cost Book. |
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DEDUCTIBLES,
under this policy are as follows:
| Comprehensive |
$50.00 |
| Collision |
$100.00 |
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REFER ALL
CALLS REGARDING INSURANCE TO: |
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Priority Insurance Agency
501-244-2288 or
1-866-283-0585
Fax: (501) 244-9851
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