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You need to carry full coverage, Liability and Comprehensive and Collision. the finance company wants to make sure that if there is a total loss, they will retrieve the loan amount. Additionally, they want to make sure that the vehicle will get fixed if it is damaged.
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What type of insurance is needed for a sightseeing tour bus?
Commercial vehicle Insurance with "For Hire" coverage. Basically the same type of coverage a Taxi Cab would need.
Does your insurance cover such things as collision repair?
When you arrange for auto insurance, you have a number of options for the type of coverage you want. Collision repair is one of those options. If the vehicle is financed, collision and comprehensive coverage are required. If coverage exists, refer to the policy for details. www.insurance.com
What type of insurance coverage is needed to pay off a stolen car?
you need to have Comprehensive coverage on your policy.
What type of insurance is needed when you have a lien or loan your car?
comprehensive coverage
What type of insurance is needed when you have a lien or loan on your car?
comprehensive coverage
Does full coverage cover auto theft?
there really is no such thing as 'full coverage', i know many people have heard and said this, if you have 'comprehensive' coverage on your vehicle that is the coverage that applies to this type of loss........
How was the age of exploration financed?
The age of exploration was primarily financed by taxes imposed on the citizens of European countries. There were also private individuals that banded together to put up the funds needed for this type of exploration.
What are some tips for Auto insurance?
There are a number of factors to consider when looking at auto insurance. Some things one should know are the different coverage types, the type of vehicle you drive affects premiums, who you are affects the premium, the amount of coverage that is needed and ways you can reduce your premiums.
Does car insurance cover car payments if you lose your job?
No, auto insurance does not offer this type of coverage. You generally have the option of purchasing this coverage from the auto dealer when you finance the automobile. Sometimes you may be able to purchase it if you are a member of a credit union or such. You might even call the finance company who financed the vehicle and see if it's possible to add it if that is your desire. Read the terms as these coverage are often times overpriced and have lots of small print.
What is Auto collision insurance?
Collision coverage pays to repair or replace your vehicle if you are determined to be 'at-fault' (you caused the accident). Typically, a deductible (amount you pay out of pocket) applies to this type of coverage. The most common deductibles are $500 to $1000, but can be lower or higher. Comprehensive (also known as "Other Than Collision") coverage is usually included on policies with Collision coverage. It covers theft, vandalism, flooding, fire, animal damage, glass damage (not caused by a collision) and severe weather damage (hail, wind, tornado, hurricane, etc). If a vehicle is financed, both of these coverages are considered mandatory to protect the lender. Collision claims will usually cause your insurance rate to increase at your next renewal. Most insurers don't penalize you for Comprehensive claims because they weren't caused by your negligence.
Can you purchase GAP insurance from ford motor credit after you financial your vehicle?
I have found that it's cheapest to buy that type of coverage from your insurance policy. Some offer this type of coverage and some do not. Shop around.
Can you get liability insurance only on campers?
As insurance laws vary from state to state I recommend you check your state law to make sure the information given here applies to your state. I am assuming that when you say camper you mean a camper that is pulled by another vehicle and not a motor home. If the camper is not self-propelled you would have no need for liability insurance as this coverage would extend from vehicle towing it. As it costs a great deal to develop any type of policy, insurance companies are not going to go through the expense for a policy that is not needed. If the camper happens to be a motor home there are policies that you can purchase for a motor home and you can select the type of coverage you want just as with an automobile. Remember that any item that is financed, whether it is a camper, vehicle, home, etc. most likely includes a requirement to carry physical damage coverage in the contract you signed with the bank or finance company. Violation of this contract will result in them repossessing the item financed. For full disclosure, I own and operate a small Independent Insurance Agency in Georgia and have for the past 22 years. I also worked for a direct writer for the 3 years before that.
