Quote:
Originally Posted by 86geek
I thought any car loan the banks require collision/comprehensive coverage. Bidykits cost big $$$ might as well get a body & fender shop to fix it.
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Quote:
Originally Posted by billwot
Check your purchase/finance documents. Its pretty much impossible to get a car loan and not carry collision/comp insurance. It's probably in your monthly payment.
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Lienholders usually do require comprehensive and collision, but adding it to you insurance policy is not required. Although most lienholders have a system of checks and balances in place to avoid this, it still happens quite a bit.
It's not uncommon for people to forego the coverage because of the insurance premium associated with it, not realizing the consequences. Especially in Michigan and Florida where most insurance premiums are higher than other states.
Best thing the OP can do is get it fixed, then add comprehensive and collision coverage.