19 апр. 2022 г. · Your lender will almost always demand full insurance with themselves the payee in the event of a loss. This is a hidden expense of a car loan ...

4 апр. 2024 г. · Yes, full coverage is required. A car loan is a secured loan, that means that the car is collateral for the loan.

24 сент. 2023 г. · I just bought a car at carmax, with their financing, the question is: do I must get a full coverage car insurance or; liability is OK for the financing company?

12 апр. 2024 г. · Today, I called the dealership and asked if I finance a car, do I need full coverage? The financial manager said yes, you need full coverage!

1 мар. 2024 г. · Technically, you wouldn't have to have comprehensive and collision because the vehicle is not the collateral for the loan, your income is.

13 мар. 2022 г. · Not all financers require full coverage and that's especially true of used vehicle loans. The requirement is just there to protect the bank's ...

4 июн. 2024 г. · Full coverage is going to be a requirement of the finance agreement. The only way to avoid that is to not have the loan tied to the vehicle, and ...

2 мар. 2022 г. · Liability: $15,000 in bodily injury coverage per person, up to $30,000 per accident, and $5,000 in property damage coverage. Comp/collision ...

21 сент. 2018 г. · Technically, is full coverage required? No, unless your lender says you need it. Is it a good idea to owe money on a car that isn't fully ...

19 дек. 2022 г. · is it absolutely necessary to have full coverage insurance when financing a used car? Depends on your loan conditions. Even if it isn't required ...