You Need To Buy The Right Insurance- Car Loan Coverage

This month we will be looking at all the ways that you don’t buy the right insurance. Many of them no one would know about unless they have been through the policy or they have been unfortunate enough to find out that they didn’t have the coverage. The problem is that you can’t count on your agent to get the correct coverage. It is amazing to talk to an agent and find out that they had no idea what some of what they were selling did. To say nothing about what happens when you buy your coverage over the internet and have no one to deal with.

– Is your coverage provided by a bank as part of a car loan? If that the is case, it most likely isn’t anything other then property coverage for the loan and not even legal coverage for you if you were stopped. It breaks your heart when a hurt person comes in and hands you one of these policies that were added to their loan at an exorbitant rate.

Insurance is about protecting yourself and your family. It’s a mandatory coverage so you might as well get what protects you the most. We too often learn of these problems after the fact. But, if you ever have questions, leave a comment, email, or call. We are willing to share our experience so you don’t learn the hard way.