answersLogoWhite
Insurance
Auto Insurance
Definitions

If your vehicle is financed what type of coverage is needed?


Top Answer
User Avatar
Wiki User
2015-07-15 19:52:30
2015-07-15 19:52:30

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.

Related Questions

User Avatar

Commercial vehicle Insurance with "For Hire" coverage. Basically the same type of coverage a Taxi Cab would need.

User Avatar

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

User Avatar

you need to have Comprehensive coverage on your policy.

User Avatar

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........


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.