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Most finance companies would be able to answer this for you. It will vary depending on the banking institution. Full coverage is a general assumption that you are covered meaning what you are "liable" for if you were sued because of negligence in addition to having Collision and Comphrehensive coverages. This means that you would have Bodily Injury Liability, Property Damage Liability and your damamges caused by you to the vehicle and by acts of GOD are covered. I personally think to have a car without full coverage is crazy even if it just sits in the yard or garage. It has been known for cars to be stolen while in a place too long. If you did not have comphrehensive then you are stuk with a loan and no car. Also there have been instances where kids or teens go into other peoples yards and sit around cars and hurt themselves acting like teens and you can be sued for Personaly Injury. These are two examples of cars that will get little or no use yet YOU could be held LIABLE for everything that happens. Do you have the money it takes to pay off a law suit? If so then No you can probably afford not to get Full coverage. Otherwise you will loose your home and cars to pay for a lawsuit. Good Luck!

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โˆ™ 2015-07-15 21:11:36
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Q: Do all financed cars in NJ need to have full coverage insurance even if not driven?
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Does ford credit offer auto insurance?

No they do not. Ford credit is a financial institution which finances the sale of cars to the public. Sometimes they offer types of insurance like credit life and credit disability that are insurance products which pay them high commissions. They also offer products called forced place coverage through other insurance companies that are used when people fail to keep the proper insurance on their vehicles financed by ford motor credit. This coverage is physical damage coverage only to cover the amount financed so that ford motor credit does not take a loss if the vehicle financed is damaged and the client did not have insurance. This coverage is very expensive, only covers ford motor credit, and the cost is added to the clients account. It is not an insurance policy and does not provide liability coverage or any other coverages needed.


Do insurance companies offer antique car insurance?

Insurance companies do offer coverage for antique cars. There are also insurance companies that are specialized in insuring antique cars.


What states can you get full coverage insurance on cars with salvage titles and what companies will insure these cars?

Ohio Michigan


What is TD written on cars?

The TD that is written on cars is simply an insurance company that offers auto insurance coverage to all types of motor vehicles.


Who is the insurance company providing the insurance for the MSN cars?

There are many companies that provide insurance for MSN cars. You should find the company that fits your needs the best, financially and amount of coverage.


Is classic car insurance the same as basic car insurance?

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Will the regular car insurance cover the eco cars as well?

"Yes, most regular car insurance companies can also provide coverage for eco friendly cars. Rates will vary from person to person. There are also companies that provide nothing but coverage for eco friendly cars."


How old does your car need to be to qualify for liability insurance?

How old the car is has nothing to do with it. The only time a car is REQUIRED to have FULL COVERAGE is when a car is being financed. In other words, a bank gives you a loan. Why? Because liability only fixes the other persons car, and if you get in a wreck, the bank will never get their money back from the car. I have owned ~5 cars in my life, financed one, and had full coverage insurance on it. Every other car has been liability only. So again, the age of a car has nothing to do with qualifying for liability insurance. If its being paid for with a bank loan, you need full coverage, if the car is paid off, you can get liability.


What companies offer full coverage auto insurance?

Full coverage auto insurance is offered by companies like Nationwide, Cars Direct, AXA Insurance, New York Motor Insurance and AAMI. These companies also have insurance services for other products.


Why You Need Virginia Collision Car Insurance?

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Can you get car insurance for antique cars?

Yes, one can purchase car insurance for antique cars. If the car is used for display only, you can get a Specialty Auto Insurance policy for far less than what you would pay for an everyday driver car. Don't rely on your homeowners' insurance for auto coverage. Home insurance Policies never provide coverage for automobiles.


Does homeowner insurance cover other people cars that get vandalized in your driveway?

NO, Homeowners Insurance covers Homes. Auto Insurance covers cars. Home insurance polices do not provide coverage for personal auto regardless of who owns them or where they are parked.


What does performance insurance cover?

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What insurance covers medical bills in an accident where someone not on the cars insurance was driving and wrecked?

The un-insured driver will have to turn to their health insurance company for coverage if he carried no auto insurance.


Is there special Insurance you can get if you purchase used cars?

The insurance you would get fir used cars would depnd on the value of the car. That mostly only matters if you get damage coverage that isn't jsut liabilitiy.


How are cars divided into insurance groups?

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What is the average rental insurance?

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What cars have the lowest and highest insurance rates?

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Does your home insurance cover damage to neighbors cars?

No. Homeowners insurance doe snot provide coverage for automobiles manufactured for use on public roads. That's what Auto Insurance is for.


When you are in an auto accident with no insurance will the other persons insurance pay for their cars damages?

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U do not have car insurance now you are going to buy a car at a dealership tomorrow can you buy car insurance 2night so you can drive away in your newer car 2morrow not knowing which car U will buy?

No. If you've got a few cars in mind it would be best to get a quote from an insurance company on the possible cars you may buy. Then before you leave with the car call the insurance company and make a payment for the car insurance for the vehicle you actually bought. If the vehicle is being financed or leased, the dealer will not allow you to leave with out proof of the coverage being faxed over.


Are Texas car insurance laws any different than the laws that most states have?

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What insurance coverage covers rental cars or other cars?

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How old do you have to be to get comprehensive car insurance that covers you to drive other peoples cars?

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Where can one get car insurance for modified cars?

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