September 29th, 2004, 03:24 PM
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#6
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Senior Member
Anthony - 98 GTS is online now
Join Date: Jan 2003
Posts: 5,187
Rep Power: 16
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Re: full insurance with auto loan?
Quote:
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Originally Posted by ryan0
Quote:
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Originally Posted by MadMaxx
The lending company doesn't care what you do with it, as long as they get paid if you fuck it up. Hence, manditory deductable limits/coverages on loans. If you drop it, I think the insurance company has to notify the lien holder, and they of course would come to you for a reason.
MM
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non-operational registration with the DMV.. not licensed on city streets.. no tags.. wont be driving it on city streets, so why carry insurance.. not going to get hit by many illegal aliens in my garage.. and not going to be any any accidents.
thus the question. |
They don't care where or if you drive the car - they want insurance as security for the loan in case the car is a total loss - including theft. |
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