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
CoachSuccess isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
MaxineI respect you enough to keep it real.
Chat with Maxine
BlakeAs your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with BlakeAdd your answer:
Earn +20 ptsQ: Can the lien holder buy car insurance?
Write your answer...
Submit
Still have questions?
Trending Questions
What parts of cars are made of plastic?
What is another name for a school crossing patrol?
A man filling his car with gas is expecting what kind of energy conversion to happen?
What is the average age of cars in Canada?
Where could one find a 20x30 frame to purchase?
Where are matchbox cars made?
How many btu tons is model rrgf 201076ck rheem?
Does the ABS breaking controller continue to be powered when the vehicle is not running?
What happens when a car drives on an icy road and makes a sharp turn?
What are the 2 basic types of fuel delivery systems in cars?
Can a remote start alarm be installed on a manual car?
What do you mean by an accident?
Is there a car alarm that shocks the person trying to open it?
What happens if i buy a car with a lien title from the owner?
You should search a minimum of how many seconds ahead of your vehicle to avoid obstacles in your path?
Are basic reflexes autonomic only?
Example of narrative report on a ojt?
When did Moorgate tube crash happen?
What happens if you are involved in an auto accident on private property?
If I am 30 years old and passed my driving test in January can I hire a car to drive in America now?
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.