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The Emerson first national bank is lending you money to buy a new car the loan agreement will probably state that you must carry what insurance?
Wiki User
∙ 11y ago
A company making a loan to purchase a car needs to ensure that its interest in the car will be protected because the car is collateral for the loan. Therefore, it needs to ensure that if the car is damaged, a source of money exists to restore the car to its condition as of the time of the loan. Collision and comprehensive insurance do that by protecting against the diminuition in value of the car because of the damage.
For these reasons, the lender will require proof that these coverages are maintained. If they are not, the lender will buy these coverages to protect its own interest. Typically, the cost of such "single interest" coverage is charged back to the loan account. It is usually more costly than if the customer maintained comprehensive and collision coverage as they were supposed to.
Wiki User
∙ 11y ago
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The Emerson first national bank is lending you money tobuy a new car the loan agreement will probably state that you must carry what insurance?
it would be collision insurance. Good Luck MT from BK
Where are the funds of the pension plan held for an ex-employee of fedders corporation?
I worked for Emerson for 16 yrs. very good company and sad what happened. anyway the pension plan is with cna institutional markets and the phone number to see if you qualify is 1-800-304-3454. you had to be vested before you could qualify for benefits about 6 yrs i think. i was divorced so i had my husbands name taken off. i started receiving my pension when i turned 60 since that's when you are eligible. i wasn't going to wait until i was 65 because who knows where i would be and no one gets the money. hope i helped.
The Emerson first national bank is lending you money tobuy a new car the loan agreement will probably state that you must carry what insurance?
it would be collision insurance. Good Luck MT from BK
The Emerson first national bank is lending you money to buy a new car. the loan agreement will probably state that you must carry insurance. A.liability. B.collision C.no-fault. D.medical?
collision
The Emerson First National Bank is lending you money to buy a new car The loan agreement will probably state that you must carry insurance?
collision On which of the following types of policies is it a certainty that the insurance company will have to make payment?(We've assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.
What has the author B D Emerson written?
B. D. Emerson has written: 'The national spelling-book, and pronouncing tutor' -- subject(s): Spellers
What is the Emerson opus?
I think you mean Ralph Waldo Emerson and his opus title probably refers to "essay" as he is famous for his essays. This is the answer in common crossword puzzles.
What has the author William Emerson Strong written?
William Emerson Strong has written: 'A trip to the Yellowstone National Park in July, August, and September, 1875' -- subject(s): Frontier and pioneer life
What is Sweden's national bread?
swedens national bread is french bread. I live in stolkholm, so i know what the national bread is. yes my name is Emerson fullem. i live in stolkholm Sweden
What has the author Perry Emerson Thompson written?
Perry Emerson Thompson is known for his book "The Visitor's Guide to the Birds of the Eastern National Parks". He has also written articles and guides on birdwatching and wildlife conservation.
Where is the Emerson Public Library in Emerson located?
The address of the Emerson Public Library is: 701 Morton Ave, Emerson, 51533 0282
What did Ralph Waldo Emerson do?
Emerson's father, Rev. William Emerson, was a Unitarian Minister.
What is Janet Emerson husband's name?
Janet Emerson's husband's name is Bill Emerson.
Was Emerson a romantic?
Yes Emerson was a romantic(:
