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Do you need to carry full coverage auto insurance if your car is paid off and has no trade-in value?
Wiki User
∙ 2006-03-24 22:30:19
You only need the minimum liability insurance, what the state requires.
Wiki User
∙ 2006-03-24 22:30:19
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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.
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.
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.
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.
