Have a lien holder? Your lien holder would require comprehensive and collision insurance, yes.
Posted: Mon Apr 28, 2008 05:39 am Post Subject:
hi, it is true that being a driver you would need to maintain a minimum legitimate liability insurance towards safeguarding other people & their properties. On the other hand a collision insurance is what protects a property that belongs to you. If your car has that lien, then it surely indicates that it has been shown as a security towards a loan. This doesn't signify that this car has to have insurance in excess. Wish this come to your help
Posted: Mon Apr 28, 2008 05:44 am Post Subject:
My friend!
It is natural for any lender to seek insurance on your part that would be enough to cover a loss in terms of the property that you pledged. Why is this? Simply becoz once you wreck that car, then it is normal for him to defy the ownership or to possess the owed amount against the damaged car.
Thanks,
Plasmahectic
Posted: Sun Apr 27, 2008 04:35 am Post Subject:
Have a lien holder? Your lien holder would require comprehensive and collision insurance, yes.
Posted: Mon Apr 28, 2008 05:39 am Post Subject:
hi, it is true that being a driver you would need to maintain a minimum legitimate liability insurance towards safeguarding other people & their properties. On the other hand a collision insurance is what protects a property that belongs to you. If your car has that lien, then it surely indicates that it has been shown as a security towards a loan. This doesn't signify that this car has to have insurance in excess. Wish this come to your help
Posted: Mon Apr 28, 2008 05:44 am Post Subject:
My friend!
It is natural for any lender to seek insurance on your part that would be enough to cover a loss in terms of the property that you pledged. Why is this? Simply becoz once you wreck that car, then it is normal for him to defy the ownership or to possess the owed amount against the damaged car.
Thanks,
Plasmahectic
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