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Do you have to have full coverage?

In: Car Buying [Edit categories]

Answer:

Answer

On a car? If it is old, then no. If it is new, I suggest you get full coverage because it will cost less to fix it than replace it.

If you finance any portion of the loan in which the car is having a lien on it, you will need to protect the collateral and the bank will require a full coverage policy.

First answer by Lkysmy. Last edit by ToddAllmon. Contributor trust: 2 [recommend contributor ]. Question popularity: 18 [recommend question].

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