Mobile search icon. Search. Search. But you must act quickly.This article covers how vehicle repossession works in New York state and what your rights are as a New Yorker. After some research I see the company that ordered to have my car repossessed retitled the car in July of 2023 and placed the lien in August of 2023. Question: My car repossessed for late payment and I don't have insurance on the car as of now. I have made my payment to release my car. My car was repossed today without notice due to my insurance cancelled for a couple of days. What should I do with my insurance if my car is repossessed? To file a claim for benefits on credit insurance, ask your lender for a claim form and instructions on how to complete. DEBTOR. To secure an auto loan, lenders require borrowers to give creditors a security interest in the vehicle.