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What else can I help you with?
What is the remaining balance on your car insurance?
The remaining balance on your car insurance is the amount of money you still owe for coverage until the end of your policy period.
How can life insurance be used to secure a car loan?
Life insurance can be used to secure a car loan by naming the lender as the beneficiary of the policy. If the borrower passes away before the loan is fully repaid, the insurance payout can be used to settle the remaining balance, ensuring the lender is not at a financial loss.
What is the importance of collateral insurance on a car loan?
Collateral insurance on a car loan is important because it protects the lender's investment in case the car is damaged or destroyed. If the borrower defaults on the loan, the insurance ensures that the lender can recover the remaining balance by claiming the value of the car. This reduces the lender's risk and allows them to offer lower interest rates to borrowers.
What insurance policy will pay off your car in the event of your death?
A life insurance policy with a clause for loan or car debt repayment will pay off your car in the event of your death.
How can you get car insurance after your policy is cancelled?
Simple. You just buy a new policy.
What is the remaining balance on your car insurance?
The remaining balance on your car insurance is the amount of money you still owe for coverage until the end of your policy period.
How can life insurance be used to secure a car loan?
Life insurance can be used to secure a car loan by naming the lender as the beneficiary of the policy. If the borrower passes away before the loan is fully repaid, the insurance payout can be used to settle the remaining balance, ensuring the lender is not at a financial loss.
Can you drive a car which has no insurance policy but you have a insurance policy on another car?
Depends on the state and your insurance policy. call your local agent.
Can I drive any car with my car insurance policy?
No, you can only drive the cars listed on your car insurance policy.
Can you add your grandson to your car insurance policy?
Yes, you can add your grandson to your car insurance policy. Speak to your insurance broker.
If you total your car after your insurance is canceled will GAP insurance still protect you?
NO,, GAP Insurance is supposed to pay the difference between what your Auto Policy paid and any remaining portion of your loss after the Auto Insurance Policy has paid it's maximum. If No Auto Insurance Policy is in Place providing comprehensive and collision coverage then your GAP Policy is Null and Void. GAP coverage only pays in conjunction with your Auto Insurance Policy. No Auto Insurance! No Gap Payment
What is the policy of Erie Insurance?
The policy of Erie insurance is that they believe that their policy protects you against financial loss if you have a car accident. As well as their being other tyoes of insurance but this is the one for car insurance.
Will my car insurance cover a rental car if i sell my car?
Insurance covers the car identified in the insurance policy. You could ask if they could transfer your insurance policy to the rental car. it depends... is that the only car on the policy? if so, then no once u have no more vehicles.. you can no longer have car insurance. you no longer have an insurable interest in the vehicle. But if you have car insurance on a vehicle and you have the right coverage (OPCF 27) then your auto insurance will cover the insurance portion of your rental, assuming u have collision and comprehensive on that policy.
Who pays when driver is not the car owner but has car insurance?
Usually the insurance policy of the owner of the car is primary and then if the driver of the car has a policy of their own then it is secondary.
How does one get a car insured?
In order to get your car insured, you must visit an insurance company and apply for a car insurance policy. Be sure to shop around so that you can get the best deal on a car insurance policy.
What are the benefits of personal umbrella insurance?
Personal umbrella insurance is a personal liability policy that kicks after your other insurances have been exhausted. If you are sued for $1 million for a car accident and your auto insurance will only pay up to $300k, your personal umbrella policy will pay the remaining sum (assuming your umbrella policy is large enough).
Could you get car insurance with no car?
Not without insurable interest in a car. If you do not have a car, you do not need to have insurance. If you rent a car, you can get insurance for the rental, but that is a temporary policy. If you have permission to drive the car, you should be insured under the policy of the person from whom you borrowed the car.
