Do I need full coverage insurance if I get in-house car financing?
Author: admin
4
Feb
Do I need full coverage insurance if I get in-house car financing?
I have no credit and I think in-house car financing is the only way I can get a loan for a cheap car (I'm looking for something up to $3000).
Is full coverage car insurance mandatory if I get in-house car financing?
5 Responses for "Do I need full coverage insurance if I get in-house car financing?"
Best Answer – Chosen by Voters Any time you finance a vehicle full coverage is required to protect the interest of the lender.
If you're borrowing 1 cent to buy your car, the people loaning it to you are going to require full coverage until it's paid for.Or else they're crazy and probably not legit.
The way it goes is: If the car is financed then you need full coverage.
Unless it's in your house, yes. It's part of about all loan contracts.
If by in-house, you mean through the dealer, probably yes. He needs to be sure he will be paid for the automobile if you go out and demolish it in a week. You would be foolish not to carry medical and liability. A judgement against you for injuries to someone else can literally ruin your life. If you ever make any money, it goes to pay the judgement.
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