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Can you buy liability insurance on a car that you are financing or does it have to be full coverage?
Wiki User
∙ 10y ago
Auto Finance companies typically require the buyer to purchase "Full Coverage" insurance to protect their property until you have paid it off.
Just review the finance contract you signed when you made the agreement. It will detail your coverage requirements to avoid default on the finance note.
If you fail to comply with your agreement, the lender generally has the option of purchasing the coverage at an insurer of their choice and bill you for the additional cost (with interest) of acquiring the coverage for you.
Wiki User
∙ 10y ago
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Is full coverage auto insurance required for auto financing?
Yes, full coverage auto insurance is required for auto financing. This rule protects the bank if you have an accident.
Car insurance requirements for Massachusetts?
Just like most other cities, Boston also requires drivers have at least liability insurance coverage. If you are financing a car however, you will need a full coverage policy.
Does liability insurance cover passengers?
no, full coverage does
When will a person be required to have full coverage insurance?
usually you only need full coverage if you are financing or leasing your vehicle.
Can you buy full coverage car insurance without liability?
No
What is the difference between full coverage auto insurance and liability only insurance?
Full coverage auto insurance covers everything. If the car is totaled they will will replace it. Liability auto insurance will only cover medical bills, and not the car if it is totaled.
If you upgrade from liability auto insurance to full coverage how long before it goes into effect?
if you upgrade from liability to full coverage how long till it takes affect
Do you need full coverage insurance on a vehicle in order to have a cracked windshield replaced or will liability and PIP insurance cover it?
Full coverage, minus the deductible.
Do you have to purchase full coverage auto insurance in Illinois if your vehicle is paid for?
You do not have to purchase full coverage auto insurance in Illinois if your vehicle is paid for. You do still need Bodily Injury Liability, Property Damage Liability, and Uninsured Motorist coverage.
Do car insurance Nebraska laws require me to have full coverage insurance?
In Nebraska, you're actually not required to have full coverage. You'll only need to have minimum liability insurance.
Can you get full coverage insurance on a salvage title car in Louisiana?
My insurance provider, Hanover, told me that they would only write liability coverage, and not full coverage on my truck that was flooded and totaled in New Orleans.
Do I Need Full Car Insurance In Colorado?
If the car is paid off, then only liability insurance is needed. If it is not, then you will need a full insurance coverage plan.
