When financing a vehicle – insurance question?
Sunday, March 7th, 2010 at
6:18 pm
I am considering financing a new car and know I have to carry full coverage insurance but I was wondering: if the vehicle is financed solely in my name, does the insurance policy have to be in my name as well? I live in colorado if it makes a difference.
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Tagged with: financing • full coverage insurance • Insurance • question • Vehicle
Filed under: Vehicle Insurance FAQ
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Some companies don’t care who owns the vehicle they just want the person who is the primary driver to be the one who has the policy. Most companies require the person who insures the vehicle to have a financial interest in the vehicle. You are going to want the policy in your name to make sure if there is ever a claim that you will be the one being paid for the accident.
You can compare how the insurance quotes would change, for example here – autoinsurance.bebto.com
most financial institutions will require full insurance on any vehicle. You will need to give them a copy of the policy number as well to prove its covered. if you you take a personal loan rather than finance then they dont care
try Northpoint lending as a source
WHAT BANK OR LEGAL PEOPLE HAVE THE TITLE NOW GO TO THEM AND FIND
SOMEBODY HAS CHARGE OF PROPERTY
Man maid Global Warming is FAKE its Fraud…
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fucking sad commercials like these that would make me buy f-ing insurance if I was in thailand. Why CM??? WHY!!!?