Most often you are only required to carry full coverage on vehicle if there is a loan on it. The finance company will require you to have full coverage at set limits/deductibles that are outline in your contract. If the vehicle has a free and clear title (nobody else has a any interest in the vehicle but you). If the car is paid off then you should not be required to have full coverage.
Posted: Wed May 11, 2011 03:57 pm Post Subject:
Most often you are only required to carry full coverage on vehicle if there is a loan on it. The finance company will require you to have full coverage at set limits/deductibles that are outline in your contract. If the vehicle has a free and clear title (nobody else has a any interest in the vehicle but you). If the car is paid off then you should not be required to have full coverage.
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