Financed for 60 months or longer Leased the vehicle (carrying gap insurance is generally required for a lease) Purchased a vehicle that depreciates faster than the average Rolled over negative equity from an old car loan into the new loan4 In these instances, gap insurance could protect you ag...
When it comes to car insurance for your beloved Mercedes-Benz GLC, it’s important to have a clear understanding of the insurance requirements. Each state has its own set of minimum requirements that you must comply with to avoid any legal penalties. Now, let’s delve into the nitty-gritty...
For leased vehicles, you may be required to carry higher liability limits, too. When getting quotes, let the insurance agent know if you plan to finance, lease or pay cash for a new car. That way, the agent can discuss coverage requirements and how those requirements affect rates. Get ...
Californiahas minimum liability requirements of 15/30/5 or a surety bond of at least $35,000 for motorcycle riders. If you’re unable to obtain coverage from an insurance provider because you’re considered a “high risk” rider, you can apply for low-cost 10/20/3 coverage through the C...
Insurance Requirements What are the insurance requirements for a financed or leased vehicle? What address should I give to my insurance company?Still need help? Couldn't find the answer to your question? Don't worry, you can contact us for more information. Contact Us ...
What are the car insurance requirements in Utah? If you own a vehicle and you are a resident in Utah, or you are not a resident but you are present in the state for 90 days in a single year, you are legally required to maintain no-fault insurance while you are in the state. ...
Does your lender have deductible requirements? If your vehicle is financed or leased, your lender will likely require you to carry comprehensive and collision coverage for your vehicle. If that is the case, you will need to choose deductibles for each. Some lenders impose limits on comprehensive...
Insurance Reviewer Cynthia Burleson is Director of the Center for Insurance and Risk Management and a lecturer at the University of Central Arkansas. Burleson earned a master’s degree in business administration and holds the AIDA, CRM, CPCU, CIC, ACP, and ACSR designations. ...
You need auto insurance because most states require it. State requirements are otherwise known as statutory insurance, while optional add-ons are known as supplemental insurance. Most states require bodily injury liability and property damages liability as a bare minimum, while some states also require...
Collision coverage: Pays to repair or replace your vehicle if you are at fault for a collision. Comprehensive coverage: Pay for damages if your car is damaged by a falling tree, vandalism or other non-collision-related cause. Gap coverage: If you leased or financed your car, gap insurance ...