Question

Of the types of insurance discussed in this video, which may be required by your lien holder (EG bank or credit union)? Select all that apply.

Answer 1

Of the types of insurance discussed what may be required by your Lien holders is Collision V Comprehensive. This is further explained below.

Why do we need collision coverage?

If you are involved in an accident with another vehicle, collision insurance will cover the costs associated with fixing your vehicle.

Finally, Comprehensive Insurance extends protection beyond only auto accidents.

Read more about  Comprehensive Insurance

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