0
What is the minimum amount of auto insurance required by law on a financed vehicle in Ohio?
Wiki User
∙ 16y ago
All states have regulated the minimum required Liability Limits of Auto Insurance within that state. Your lienholders Finance Contract that you signed will determine the amount of your property insurance coverage required to protect their interest in your financed vehicle.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Does Buell require insurance if the bike is financed?
Any lender requires insurance if the vehicle is financed.
What is the difference in insurance if your vehicle is financed?
No, there is no extra charges on an insurance policy for a financed vehicle. Only difference will arise in the paper works, and it will mention that the vehicle is hypothecated.
What kind of minimum insurance coverage is required by law in ontario for a motor vehicle?
public liability
What level of auto insurance do you have to carry in Pennsylvania?
You are required to carry a minimum of liability insurance on any vehicle that will be operated on public roads.
What types of car insurance can you have in Florida?
Florida, like all other state, has set minimum coverage requirements for drivers. This applies to vehicles that are not financed. If the vehicle is financed, additional coverage is required by the state and the lender to cover the value that is financed so that the lender is paid in the event the vehicle is a total loss. You can read about Florida state law regarding insurance here: www.flhsmv.gov/ddl/frfaqgen.html The rate depends on various factors, so your best bet is to contact your current agent to explore your options.
What is the fine in Nevada if a driver does not have auto insurance?
According to the Nevada DMV website, the fine for failure to have the state required minimum insurance on your vehicle is $1,000.00.
What is required to drive a vehicle?
A license, a vehicle, and insurance.
If you have full coverage auto insurance and am driving a friend's car who doesn't have insurance and you get a no insurance citation who is responsible for this citation?
the owner of the vehicle is responsible for the ticket. he/she/they are legally required to at least have the minimum liability coverage your state requires.
How long do I need full insurance coverage on a financed vehicle?
In California, anyway, you need full insurance coverage on a car the whole time it is financed. After its paid off, you can drop a bunch of the coverage and just carry liability.
Do you need to continue coverage when car is not working?
This will depend on the state laws and regulations where the vehicle is registered. It also may have to do with whether or not the vehicle is financed. Financed vehicles will always have to have insurance according to the finance agreement. In Georgia, the only way that you can not have insurance is to surrender the tag and registration of the vehicle. If you have an active tag then you must have insurance on the vehicle. If you have the tag for even one day that you don't have insurance you will be fined and eventually the tag and registration will be cancelled then the driver's license will be revoked.
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
Do you have to keep insurance on an unused car if its financed?
This really has nothing to do with your insurance company and all to do with your finance company or bank. The contract you signed with them states that while still financed you agree that you will keep full coverage on the vehicle to protect them from loss due to a damaged vehicle. If you break the contract either by not making paymenst as scheduled or not keeping the required insurance they will reposses the vehicle. If you are almost paid off I would suggest calling them and see if they will agree to waive the requirement. This usually works only with small local banks that you have a good relationship with and have other accounts with as well.
