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You only need the minimum liability insurance, what the state requires.

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โˆ™ 2006-03-24 22:30:19
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Q: Do you need to carry full coverage auto insurance if your car is paid off and has no trade-in value?
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Can you carry only pip insurance only on older cars with a low value instead of full coverage in FL.?

The required coverage in Florida is Liability (10/20/10) and PIP for any car


Do insurance have to pay you the value of your wreck?

It depends on the insurance coverage, and what caused the wreck. But allowing the coverage covers the incedent the insurance company will pay the VALUE DETERMINED BY THE INSURANCE COMPANY. Not what you think it was worth. I have about $40,000 in a car the insurance comapny will pay $3,000 for if it gets wrecked.


What coverage is expected under Asda insurance?

ASDA insurance is for automobiles, in Europe, coverage is adjusted with price to get you the best value choices for your needs. Other perks include hospitalization coverage, and roedside assistance. Any insurance required by law is available.


How old can a car be and full coverage insurance?

There is no age limit although the value of the car may not justify the cost of full coverage.


What happens to the cash value of a life insurance policy when you die?

Pays out to beneficiary-just the value of coverage not cash value if sold.


What types of insurance does Infinity Insurance company offer?

infinity insurance offer many types of insurance , in that "Car insurance is the most common insurance ,they also provide for business wheather it is big or small business, infinity provide "Commercial Auto Insurance", it also provide certain type of advantage like "'Approved Value Coverage", Recently Get Car Coverage,Free Spare Parts Coverage, Free trip continuation coverage


How do you calculate surrender value in term life insurance?

Term insurance does not gather cash value. Surrender value tangentially correlates with cash value. Therefore, term insurance does not have a surrender value. If payment of premium stops, once the grace period expires, so does coverage.


Why is term insurance often the best value for customers?

you need life insurance coverage most while you are raising children. as your children become independent and your assets increase, you can reduce your coverage. term insurance comes in many different forms.


Do insurance companies pay according to who was found at fault?

Yes, or if you carry uninsured motorist coverage, you may get some help from your own insurance company. If the car is totalled, you may receive close to Blue Book value--not the amount of the loan you owe. The car then will belong to the insurance company as salvage.


You have two life insurance companies coverage one is 20000 the other is 10000 how much is my total coverage?

If they are both term life insurance policies, your total coverage would be $30,000. If one, or both are permanent life insurance policies, there may be cash value inside the policies that adds to the payout from the life insurance policies, so there may actually be more than $30,000, if you include the cash value inside the policies.


Why is term life insurance often the best value for customers?

you need life insurance coverage most while you are raising children. as your children become independent and your assets increase, you can reduce your coverage. term insurance comes in many different forms.


What are the negatives of getting high value insurance?

There are many different types of insurance one might choose to obtain. However, while choosing to purchase a "high value insurance" may offer excellent coverage, it may be costly.


Does insurance pay house off after house destroyed by fire?

It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.It does if the policy is current and there is adequate coverage. If the property is underinsured the insurance company will not pay for the entire loss. That all relates to the homeowner's insurance.If the mortgage is greater than the value of the property then you will owe the balance after the homeowner's insurance payment unless you have mortgage insurance.


How much homeowners insurance should you carry?

It is a good idea to occasionally review coverage limits to ensure you have the best protection you can afford and make sure they meet your current needs. With time, Retirement goals can mature, Personal Net Worth, Assets and liability exposures can grow. Future lifestyle expectations can also have changed since first purchasing insurance. It would be wise to occasionally review coverage limits and adjust as needed to match current security requirements. One should carry enough coverage to cover the property and liability loss exposures from which one may want to be financially protected. Not everyone has the same concerns when purchasing insurance so we all have different requirements. Homeowners Insurance is Property and Casualty coverage. Consideration should be given to the Property Valuation and the extent of coverage you want. Either Replacement or Cash Value coverage and Liability exposures associated with home ownership. Your Insurance Agent or other company Representative would be the best source for coverage advice.


Will fire insurance on my dwelling cover its contents?

This depends on what coverage level you have with your fire insurance. Fire insurance policies offer personal property coverage as an optional add-on, and even include the option to cover either the value of the items or to upgrade and cover their replacement cost.


Do I Need Insurance When Leasing a Vehicle ?

If you lease a vehicle, you still need auto insurance. Leasing a vehicle can make perfect sense for many consumers, but most banks will require that you purchase full-coverage car insurance to cover any damages or liabilities that you might cause during the course of operating the leased vehicle.Insurance for a Leased VehicleFull coverage insurance is a term that is used to describe insurance that is above the minimum amounts that are required by your state. A full coverage insurance policy will cover the market value of the leased car if you experience a loss while you are driving, and this type of insurance will pay regardless of who causes the accident. Full coverage insurance includes comprehensive insurance coverage and collision insurance coverage as well as coverage to protect you from uninsured and underinsured motorists on the road. A full coverage policy is more expensive than a liability-only policy, since a liability-only policy will only cover damages to other drivers or to property; it does not cover any damage to your vehicle.Limits Required by Leasing BankYou should also check with the leasing bank to determine the limits that your full coverage policy will need to cover. More than likely, your leasing bank will require that you carry a higher limit than your state requires. An increased limit will protect you in the event that you are involved in a serious auto accident.Gap InsuranceIn addition to regular auto insurance, you may be required to purchase "gap" insurance when you lease a new car. While most leases will require that you carry full coverage insurance, including comprehensive and collision coverage, on a leased vehicle, many will also require the purchase of gap insurance. As the name implies, gap insurance is insurance that will pay for any gaps between what your insurance pays and what is owed on the lease if you experience a loss. Gap insurance is important because vehicles depreciate in value, and if you have a loss early on in your lease, you may find yourself owing more on your leased vehicle than the insurance company is willing to pay. Sometimes this gap insurance is bundled into the cost of your lease and you don't have to actually choose an insurer or add anything onto your insurance policy. When compared to the coverage that it provides, it is generally inexpensive and adds just a few dollars each month onto your lease payment.


If you have full coverage and your vehicle get stolen and the insurance would pay the blue book value do you have to pay for the rest of the loan?

You are responsible for the difference in what the car is worth,(Insurance Payment) and the balance of the loan. Insist the insurance pay you the NADA retail value of the car, not the Blue Book value.


Renters insurance Vancouver Canada?

The cost varies depending on the coverage sought and the value of the items to be insured. It also depends upon the insurer, your loss history, location of the property, and whether you wish actual cash value or replacement value coverage.


What is the cheapest home insurance rate currently?

"Currently, Nationwide has the best value for the amount of coverage you require and the size of your home. Also, combining your auto insurance


Do you have to have full coverage for gap to pay?

Yes, you do. GAP coverage covers the difference between the value of the car and the amount owed. That means that you are making payments on the car, which is financed, which requires full coverage, insurance wise.


If you cash out a permanent life insurance policy what amount do you get net cash value or total coverage amount?

kasafugenkingshun


What is the cost of travel insurance?

The cost of good travel insurance typically costs about 4% to 8% of the value of your trip. There are discounted travel insurance prices of around $6.95 but you should carefully read the coverage to make sure it gives you everything you want. If you want full medical coverage and also cancellation coverage you will be looking at the higher end of the spectrum of 8%.


Why You Need Virginia Collision Car Insurance?

Drivers need Virginia collision car insurance to protect them financially in the even they cause crashes that damage their cars. When such events occur, collision insurance pays for damage done to cars belonging to the insured. Liability insurance carried by insured drivers covers damage done to the property of others. Collision insurance makes sure that drivers can have their cars repaired after an accident.Obtaining Collision InsuranceDrivers can buy collision insurance whenever they get a quote for auto insurance coverage. Drivers can evaluate the cost of collision coverage and compare it with the benefits of that coverage. Insurance agents can help drivers evaluate the need for collision insurance coverage. Drivers who own expensive cars usually want to carry collision coverage to control the financial impact of repairs. Auto owners who finance their vehicles also need collision insurance coverage. Usually, banks and finance companies require car buyers to purchase collision coverage to protect the interests of the lienholder. After owners pay off their car, they can choose to drop collision coverage.Getting Advice About Collision InsuranceDrivers can get advice about collision insurance from their insurance agents, insurance companies or financial advisors. These professionals will gather information about the financial condition of drivers, and the value of their cars and the cost of collision coverage to help drivers decide whether to buy or forgo coverage. Drivers who own cars outright can drop their collision coverage, especially if they must keep their insurance costs to a minimum. Drivers without collision insurance must accept full financial responsibility if they cause wrecks that damage their cars.Shopping Around For Collision InsuranceDrivers should shop among several car insurance companies before choosing a policy that includes collision insurance. The lowest price for coverage may come from insurance companies other than the ones with the lowest liability-only coverage. By shopping all alternatives, drivers can find the lowest price for the needed amount of collision insurance coverage.


Is there cash value in decreasing term insurance?

Decreasing term life insurance does not usually have any cash value. Decreasing term life insurance is life insurance coverage in which the face amount of a term life insurance policy declines by a certain specified amount over a specific number of years. For example, the initial face amount of coverage of a $200,000 decreasing term life insurance policy decreases by $20,000 each year, until after 10 years the face value of the policy equals zero. The premium does not decrease over the term of the policy.


What are some of the advantages offered by Allstate homeowners insurance?

There are many advantages offered by Allstate homeowners insurance. Some of these advantages include actual cash value coverage which covers property based on it's market value.