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Is full coverage auto insurance required for auto financing?
Yes, full coverage auto insurance is required for auto financing. This rule protects the bank if you have an accident.
What is the difference between minimum and full coverage with auto insurance?
Minimum coverage is the minimum amount of insurance required by law. Full coverage is the full package from the insurer, insuring everything they offer to cover.
Do car insurance Nebraska laws require me to have full coverage insurance?
In Nebraska, you're actually not required to have full coverage. You'll only need to have minimum liability insurance.
If you have full coverage insurance and a person who is not licensed gets into an accident in your vehicle can insurance cover your car damage?
Yes.Thats what full coverage covers
If the insurance company didn't make you get full coverage who is responsible if your car is stolen?
If You Did Not Purchase Full Coverage. They Are Not, So Looks Like The Person That Stole Your Car Is.
What is the difference between full coverage and third party auto insurance?
Third party insurance only covers the property of the other person(s) involved in an accident, not your car. Full coverage insurance (or comprehensive insurance) also covers your car if you damage it.
If you have full coverage auto insurance and am driving a friend's car who doesn't have insurance and you get a no insurance citation who is responsible for this citation?
the owner of the vehicle is responsible for the ticket. he/she/they are legally required to at least have the minimum liability coverage your state requires.
Can a car be repossessed for not having tags?
No, only when you are required to have full coverage insurance and you dont, and the obvious that you do not make a payment.
How many years should you keep full insurance on a car?
If one has a car loan for a new or used car in most states they are required to keep full coverage insurance. After 5 to 6 years coverage can be dropped to liability if needed.
Do you have to have full coverage auto insurance?
No, "full coverage" auto insurance is not required by law.All states require some level of car insurance that covers costs if you are responsible for an accident. That would be called liability insurance and the state minimum coverages dictate how much of it you need to buy.That said, "full coverage" does not actually exist and the phrase generally refers to buying a combination of several insurance types to ensure the most protection.
My parked car has full coverage and was hit by an uninsured driver?
tell your insurance company and the police and your insurance company will pay everything except the deductible. If you have full coverage than your insurance is required to make good on the damage. It is up to your insurance company to try and get their money back from the uninsured driver of the other vehicle.
If your car is paid in full do you need full coverage insurance?
No. But in most states you are still required to have liability insurance to cover the costs of any damages you may cause to others if you are at fault in an accident.
