Quote:
Originally Posted by Buug959
If they can't afford the car they certainly can't afford not to have it fully covered.
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You would be surprised at the percentage of traffic stops on that live TV show where the driver doesn't have insurance of any kind...or a valid license for that matter.
Every finance company that I know of requires full coverage for any home or vehicle loan, to protect their interest in the financed asset. All of my finance contracts include clauses that the bank can go out and buy insurance on my behalf and at my expense if they are notified that the policy that I'm providing lapses or has coverages changed below their minimum requirements.....