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What type of insurance is needed when you have a lien or loan on your car?
comprehensive coverage
What options are available for obtaining car loan disability insurance?
Options for obtaining car loan disability insurance include purchasing it through the lender when taking out the car loan, buying it from an insurance company separately, or exploring coverage through a disability insurance policy.
Does cosigning an auto loan make you responsible for insurance?
Yes, you are responsible If the person you co-signed for is behind in payments and the insurance coverage expires you are responsible to insure the car until it is sold or the person gets the payments caught up and pays the insurance.
How does life insurance on a car loan work?
Life insurance on a car loan works by providing coverage that pays off the remaining balance of the loan if the borrower dies before the loan is fully repaid. This ensures that the borrower's loved ones are not burdened with the debt in the event of their death.
What can you do if your car is stolen and you still have a loan on the car but your insurance does not cover theft and they recover your car totaled?
YOU pay off the loan like you agreed to in the contract. You likely agreed to have ins. that covered theft also. You should have had full coverage on a car with a loan on it. Sorry, you have to pay the loan off and now you own a totaled car! Comprehensive coverage isn't that expensive and would have covered theft.
Does car insurance cover a car that was broken into?
It depends on whether or not you carry comprehensive coverage on your car. Comp is an optional coverage if you own the car outright and may be a mandatory coverage if you have a loan on it. But the comp coverage would only pay for repair to the car. If you have items in the car that were stolen, however, they would actually be covered by your homeowner's or renter's insurance and NOT your auto insurance.
If I buy a new car with a loan, do I have to have liability auto insurance in New York State?
You are required to have liability insurance on any vehicle. The lender may require you to have full coverage as a loan condition.
What is the difference between full coverage auto insurance and liability only insurance?
Full coverage auto insurance covers everything. If the car is totaled they will will replace it. Liability auto insurance will only cover medical bills, and not the car if it is totaled.
What is a type of auto insurance that covers damages to the car resulting from collision with another car or object?
It's called Collision coverage and is usually purchased along with Comprehensive coverage when you buy your auto insurance. If you purchased the collision coverage option when you bought your auto insurance policy it will be covered.AnswerThird party car insurance.
What are the benefits of trade car insurance?
Trade Car insurance will provide you coverage when you are between automobiles, and is only a temporary coverage, not to be confused with regular auto insurance.
Can you get auto insurance with no auto?
Auto Insurance Without a Car?Yes, You can purchase "Non Owners Insurance" Coverage. Sometimes referred to as "Named Driver Coverage"Drive safe - Buckle Up
What type of insurance is needed when you have a lien or loan on your car?
comprehensive coverage
What type of insurance is need when you have lien or loan on a car?
comprehensive coverage
What type of insurance is needed when you have a lien or loan your car?
comprehensive coverage
What is the best car insurance India company Is there a loan company that do not require insurance on the car?
The best motor plan coverage India for you will depend entirely upon your specific requirements related to insurance cover, premium and a lot more. You need to get into a serious comparison for best auto comparison for insurance online. No. There is no loan company in India that will not ask you for insurance on the car.
Does homeowner ins. cover a car burned due to bad electrical?
No, Home Hazard Insurance is for damages to your home due to a covered peril. Auto Insurance Comprehensive coverage is for damages to your car. You will need to seek coverage for your car from your Auto insurance Policy.
What options are available for obtaining car loan disability insurance?
Options for obtaining car loan disability insurance include purchasing it through the lender when taking out the car loan, buying it from an insurance company separately, or exploring coverage through a disability insurance policy.
