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If you voluntary turn back in a financed auto and the auto has been in an accident and you had no insurance coverage what are you libel for?
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How long do I need full insurance coverage on a financed vehicle?
In California, anyway, you need full insurance coverage on a car the whole time it is financed. After its paid off, you can drop a bunch of the coverage and just carry liability.
If your car is financed through a dealer do you have to have full coverage insurance?
I believe it depends on the state, but as far as I know, if you have to have full coverage on a financed car, it doesn't matter where it's financed. If you still have questions, ask your insurance person, they'll know the answer.
Do you need insurance on a financed car in NJ?
You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.
Do you need full coverage insurance on a financed motorcycle in las Vegas?
yuo. financed motorcycle always need full coverage . i bought my gsxr finanaced and had to get full coverage . The dealer ship requires u to get it -_-
If a car is financed through a used car dealership do you have to have full coverage insurance?
If the dealer doesn't require it, probably not, but you have to decide if you want to take the chance of continuing to make payments on a car that you can't use after an accident.
What are the minimum insurance requirements on a newly financed car in California?
Full coverage plus waiver of depreciation
Does Broad Form Insurance cover a financed vehicle?
Broad Form auto coverage is as close as you can get to having no coverage at all. You cannot add physical damage coverage to your policy so you cannot buy this is you have a car financed. The coverage is for the named insured only and every other human on the planet is excluded. If anyone else drives there is no coverage. This is not anything that I as an insurance agent could ever recommend to someone.
What are the details of Florida GAP insurance?
Since your insurance might not cover the balance you still have on your financed car, GAP insurance protects the balance of your loan in the event of an accident.
Can you buy back your totaled financed car lets say my car is financed and I get into an accident that totals my car. I know the insurance will pay out the bank but can i still buy it back after?
Yes, you can usually but it back because it is then between you and the insurance company. But keep in mind your insurance company normally pays the ACV (Actual Cash Value) which may not be what you actually owe on the vehicle unless you carry Gap insurance. Gap Insurance is an additional coverage that covers the balance of the loan between the ACV and remaining Balance.
Do you have insurance on your RV?
Given the cost of an RV, and given that most of them are financed, comprehensive insurance coverage is in place. Even on RVs that are owned outright, a responsible owner protects his investment as well as his assets with the appropriate levels of coverage.
Does ford credit offer auto insurance?
No they do not. Ford credit is a financial institution which finances the sale of cars to the public. Sometimes they offer types of insurance like credit life and credit disability that are insurance products which pay them high commissions. They also offer products called forced place coverage through other insurance companies that are used when people fail to keep the proper insurance on their vehicles financed by ford motor credit. This coverage is physical damage coverage only to cover the amount financed so that ford motor credit does not take a loss if the vehicle financed is damaged and the client did not have insurance. This coverage is very expensive, only covers ford motor credit, and the cost is added to the clients account. It is not an insurance policy and does not provide liability coverage or any other coverages needed.
Does your insurance cover such things as collision repair?
When you arrange for auto insurance, you have a number of options for the type of coverage you want. Collision repair is one of those options. If the vehicle is financed, collision and comprehensive coverage are required. If coverage exists, refer to the policy for details. www.insurance.com
