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It's called " Credit life insurance". pays off the car in the event of death and is sold by auto finance companies at the point of vehicle purchase.
It is a nitch market not sold by typical insurance companies.
Wiki User
∙ 9y ago
Wiki User
∙ 8y agoThis is not auto insurance but life insurance. What you need is credit life in conjunction with your auto loan.
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If you have comprehensive car insurance it covers?
It covers, you, your car and third parties car!
Does home owners insurance cover car running over animal?
No, Your Homeowners Insurance covers your Home. Your car Insurance covers you vehicle.
Is car insurance on the car or on the driver?
The basic insurance/third-party liability covers third-party persons. But if you have comprehensive car insurance, it not only covers you, third-party persons but also your car.
What are the benefits of having holiday car insurance?
The benefits of having holiday car insurance are great. It covers the travelers driving from one destination to another. They have car replacement & repair, medical expenses, and accidental death.
Does my auto insurance have to pay a death benefit to survivors if a one car accident causes a death?
The term "death benefit" refers to a payment made as a result of a life insurance policy. In the case of car insurance, if there is a lawsuit for wrongful death, and a payment is ordered by the court, then the car insurance will pay. That is not exactly the same thing as a death benefit even though it is a payment made as a result of a death.
What is covered in car insurance?
In Car insurance, the First Party coverage part covers damage to your own vehicle, whereas with Third Party coverage, when a pedestrian get hit by your car (incurring death or permanent disability), the loss will be compensated by the Insurance Company.
What does medical coverage on auto insurance policy covers?
Medical bills for yourself and anyone else in your car in case of an accident
Does the car insurance covers a relative-visitor who wants to borrow a car for few days?
Does the car insurance covers a relative-visitor who wants to borrow a car for a few days?
Does a car insurance cover pay off on car in case of death?
Unless the person died while wrecking the car, no. I believe you are looking for a type of life insurance that pays the loan balance upon death of the owner of the loan and vehicle. This is mortgage life insurance.
What type of insurance is needed if you hit another car?
Basic liability insurance. This covers the person you hit. Comprehensive and collision covers your car.
What would Esure Insurance cover?
Esure insurance offers four different types of insurance - Home, Travel, Pet and Car. Home insurance is normally building and or contents, travel insurance covers medical costs abroad, pet insurance covers vets fees and medications, and car insurance covers your car repairs in the event of an accident.
Can you get insurance that covers your car for the previous month?
No
