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Car insurance and finance question?
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05-03-2008
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Car insurance and finance question?
I bought my car on finance a month ago and had to have Fully Comprehensive insurance for it. It is very expensive - if I were to drop to third party F&F, would they find out?
If they did what would happen?
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05-04-2008
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As a licensed Insurance agent and service for a mayor insurance company in the nation I can tell you that lien holders (banks) call insurance companies all the time to verify insurance. If comprehensive and collision are not part of the coverages they can force insurance to you. And believe me; is a lot more expensive. (We are talking 0,000's) And off course other consecuences that may bring to you.
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05-07-2008
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Do you really think its worth doing that?? If you had an accident and your car was a write off you wouldn't get a new car off your insurance and you would have to still pay your finance. Keep it at fully comp!!
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