answersLogoWhite

0


Best Answer

Most banks won't even finance a non operational vehicle. Unless it is rather new, and still in nice condition. Some banks will allow you to not have insurance, if it is stored away. However some banks require you to have insurance. You'll have to ask your loan officer.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you have to have insurance on a car you are financing if the car is non operational?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If your car does not run do you have to have insurance?

you can register it as non-op (non-operational) and put it in your driveway and cancel the insurance but it has to be in your driveway and cant move until you put insurance back on it


How do you get car insurance for yourself if you don't have a car?

You can buy Non-Owners Auto Insurance.


What cheaper Non Owner insurance of the insurance at a car rental store?

Non Owners auto insurance does not cover rental cars at all. You will need to buy insurance from the rental car company to be covered.


Can you get car insurance without owning a car?

Yes, You can look around for a Non-Owners Insurance Policy


Where can one find information on non owner insurance?

If you are driving a car that you are leasing or renting, meaning you don't own it, you still require insurance but the policy is called a non owner insurance. A non owner insurance is available from most car insurance providers like GEICO, Progressive, Allstate and esurance. There are also providers who specialize in this kind of policy like Non Owners Car Insurance.


Difference between operational communication and non operational communicatuion?

what is difference between operatyional and non operational communication


Where do you get non owner car insurance?

It is available through most licensed insurance agents who write auto insurance.


What is non owners car insurance?

It is liability insurance purchased by a person who does not own a car. Rather than "following the car" as most liability insurance does, non-owners coverage "follows the driver". Therefore, it covers the driver, subject to its terms and conditions, regardless of the car being driven.


Does your car insurance cover a non-insured driver?

sometimes


How do you get car insurance with no car and just a driver's permit?

You can buy a non-owner's policy. Contact an agent with Viking Insurance company.


Can you be the named driver on a car insurance policy if the car is owned by a non-family member?

no


Where do you get non-owner car insurance?

non-owners car insurance Many independent insurance agencies sell these types of policies. All you have to do get out the phone book and start making calls. You will find a company and rate that serve your needs.