0
A lienholder may purchase what is called Collateral Protection Insurance in the event the debtor fails to provide collision insurance. Remember, the lienholder is not concerned with the liability insurance policy that the state requires. They are only concerned with you maintaining insurance that protects their investment in the vehicle. If you are pulled over by the police, the Collateral Protection Insurance will not be adequate insurance for the polie. The police are looking for you to maintain liability insurance.
Still curious? Ask our experts.
Chat with our AI personalities
ViviYour ride-or-die bestie who's seen you through every high and low.
Chat with Vivi
BeauYou're doing better than you think!
Chat with Beau
TaigaEvery great hero faces trials, and you—yes, YOU—are no exception!
Chat with TaigaAdd your answer:
Earn +20 ptsQ: Can the lien holder buy car insurance?
Write your answer...
Submit
Still have questions?
Trending Questions
Does property damage liability cover those not on the policy?
How do you change blades on a cub cadet 1045?
What coverage protects a person who is at fault in an accident against lawsuits when someone is injured?
What engine oil grade do you use in a 72 Chevy 350 cu in?
If you have GAP insurance will the leftover balance be paid off when your car is repossessed?
Are there any cars without an ECU?
Fatigue is responsible for what percent of traffic crashes?
How much would auto insurance cost for a 15 year old in Texas?
What is the average lap speed of the California Speedway track?
What happens if you put oil in your antifreeze?
When starting your vehicle what should you make sure is off audo locks or warning lights?
Can you lose a six weeks fetus in a minor car accident?
What is tilt and telescopic steering?
How can you find the best home quotes?
How can you get your car sponsored?
What is the best mustang you can get for 5000?
Is Tail coverage same as run-off cover?
Who makes Citroen Car Engines?
What could cause a Maytag washer to st op after filling aytag washer to not wash after filling?
When passing through a lock Which light means approach the lock from full control?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.