0
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.
What else can I help you with?
In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?
Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.
If your car is financed through a dealer do you have to have full coverage insurance?
I believe it depends on the state, but as far as I know, if you have to have full coverage on a financed car, it doesn't matter where it's financed. If you still have questions, ask your insurance person, they'll know the answer.
Do you need full coverage insurance on a financed motorcycle in las Vegas?
yuo. financed motorcycle always need full coverage . i bought my gsxr finanaced and had to get full coverage . The dealer ship requires u to get it -_-
Is not having full coverage on a financed vehicle reason to reposses it?
Yes, not having full coverage insurance on a financed vehicle can be a reason for repossession. Lenders typically require borrowers to maintain full coverage to protect their investment in the vehicle. If the borrower fails to do so, the lender may consider it a breach of the loan agreement, which can lead to repossession. Always check the specific terms of the financing agreement for details.
Do you need insurance on a financed car in NJ?
You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.
Do i need full coverage on a financed vehicle that is garaged and i do not intend to drive?
Yes. Damage could still happen to the vehicle and the loan company or bank will require full coverage.
What are the minimum insurance requirements on a newly financed car in California?
Full coverage plus waiver of depreciation
If you have full coverage insurance and a person who is not licensed gets into an accident in your vehicle can insurance cover your car damage?
Yes.Thats what full coverage covers
Does full coverage insurance cover damages to the other persons vehicle if you are at fault in a no fault state?
In this state, a no fault state, full coverage insurance covers the other vehicle if you are at fault.
When will a person be required to have full coverage insurance?
usually you only need full coverage if you are financing or leasing your vehicle.
Do you need full coverage insurance on a vehicle in order to have a cracked windshield replaced or will liability and PIP insurance cover it?
Full coverage, minus the deductible.
Do you have to have full coverage for gap to pay?
Yes, you do. GAP coverage covers the difference between the value of the car and the amount owed. That means that you are making payments on the car, which is financed, which requires full coverage, insurance wise.
