Absolutely, positively, most definitely...yes.
In fact, if you're financing the car, it's unlikely the dealer will let you drive off without proof of insurance.
Most people who already have insurance have a 15- or 30-day grace period on their policies, so if they have full coverage and buy a new car, they can drive the new car without worrying about not being covered in an accident. That's not the case for you, however, and it's highly unlikely that the dealership would offer any coverage once you take possession of the car.
Common questions about life insurance that one should ask the life insurance agents before buying a policy are if it is term or whole life insurance and how much it cost.
You should understand the policy that you are purchasing. Also know the reputation of the company who you are purchasing the policy from.
You should contact different car insurance companies before purchasing a policy. You can find more information online and it helps to ask questions before buying.
"Medical Mutual is a respected and credible insurance agency. However, with the new healthcare reform, there are more and more 'scammers' looking to sell worthless health insurance policies. Before buying any insurance policy, do the due diligence and research every aspect of the policy you're buying."
Buying and no ower policy
One can find information on buying a term life insurance policy by contacting an insurance broker. An insurance broker can be located in the local phone book under the yellow pages.
Some tips on buying a life insurance policy include understanding of one's needs, understanding the term insurance versus permanent insurance, and compare similar products. One must really do their homework to get the best option available.
from a General AgentYes you can start the policy and pay premium but the actual coverage will commence when you take possession of the vehicle.
In short-term insurance client might disguise a crucial information before buying the policy, which he might disclose later to claim the amount, misguiding the insurance company.
If the beneficiary of a life insurance policy predeceases the insured, the insured should make arrangements to name a new beneficiary. If they do not, the policy proceeds will become part of their estate if they die without naming a new beneficiary. You should consult with the insurance company.
An insurance policy for persons who have agreed to buy mutual fund shares in a periodic payment plan. If the policyholder dies before he/she has finished buying shares on the periodic payment plan, the insurance policy will purchase the remainder of the shares the policyholder agreed to purchase
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