Auto Insurance Claims: No comp/coll ins on financed auto, finance company, company money

Question
I had a car financed through a local small finance company. Money was short and I switched ins companies and only put liability on my car. I had an accident and now the car is totaled. I am in SC and have been told that there is a law that states I must maintain full coverage ins. The finance company wants there money. What are my options?? They did not ins covergae of there own to cover my car. Can they sue me or have me arrested??

Thanks

Answer
Hi Bill,
They can't have you arrested, but you do still owe them the balance.
If you don't work out a payment agreement with them, they can file suit and you will not only be liable for the balance owed, but also all attorney fees that they incur.

I hope this information has been helpful.
Your feedback by rating my answer will be appreciated.
Sincerely,
Bennie
San Francisco Bay Area