Can the loan company for your vehicle charge you for insurance?

In: Auto Insurance

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Answer

Yes. If you are making payments to a car lender, you are generally REQUIRED to insure the vehicle. If at any point they discover that you are NOT insuring the vehicle, they have every right to force coverage as they have a financial interest in that car.

First answer by Extraordinary kate. Last edit by Extraordinary kate. Contributor trust: 62 [recommend contributor]. Question popularity: 3 [recommend question]

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