Will I need Full coverage insurance on a new car?

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Posted: Mon Oct 05, 2009 10:22 pm Post subject:

If you're leasing it you do not own it, and you are required to carry collision and comp. (in addition to liability) on your policy. If you do not then your lein holder/lessor will put it on the vehicle and it will cost about three times as much.

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especially when i only use the van in the summer

This wouldn't matter, but why would you only be driving it in the summer?
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Lori

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Posted: Wed Oct 07, 2009 4:26 am Post subject:

If the car is going to be leased or under a loan agreement, the lender will most likely require you to purchase full coverage or comp. and collision coverage. This should be done on a new car purchase anyway. The cost is very minimum compared to the risk involved with a new car purchase. I can't think of one driver who would want a brand new car they just bought to get hail damage or have an at fault accident and drive it around all banged up. There is not a person on the road who would like to show off their new ride being banged up and not repaired. _________________ Juston Garland http://www.nationwidebillrelief.com