Insuring Your Financed Vehicle: What You Need to Know

Understanding the Importance of Insurance

When you finance a vehicle, it becomes more than just a mode of transportation—it’s an investment. Whether you’ve purchased a new car or a used one, having the right insurance coverage is crucial. Insurance not only protects your vehicle but also safeguards your financial well-being in case of unexpected events such as accidents, theft, or natural disasters.

Types of Insurance Coverage

There are several types of insurance coverage available for financed vehicles. The most common ones include liability insurance, collision insurance, comprehensive insurance, and uninsured/underinsured motorist