NJ State
2006-12-18 06:08:28 · 8 answers · asked by Lola 2 in Cars & Transportation ➔ Insurance & Registration
If is finance then the dealer should required a full coverage. Usually liability only covers when your in a accident if is at-fault it cover the other driver and gets you out of trouble. However is does not cover you. Full basic full coverage is liability and collision and other than collision ($500 deductible). It covers your car if it gets stolen, on fire, vandalize,and more.I recommend the full coverage.Believe me it will help you a lot. Specially if is a 2003.
2006-12-18 09:18:14 · answer #1 · answered by juanita77008 2 · 0⤊ 0⤋
Like most said, coverage is pretty much up to you if you dont have a loan out. If you have a loan you will (usually)be required to carry comprehensive (theft/fire/vandalism) and collision (pays for repair to your car if you get into an accident) Coverage.
If you have to carry comp and collision you can save some money on premiums if you go with higher deductibles (such as $1000) but keep in mind that you will be responsible for the deductible amount if you make a claim.
As for the liability coverages, I reccomend at least 100/300/100. That means that the insurance company will pay $100k per person at a max of $300k per accident. As well asl $100k for property damage (if you damage someone elses car or property)
I definately dont recommend going with minimum coverage becuase if you get into an accident you may not have enough coverage. For example, in NY the minimum is 25/50/10. That means that if you have minimum coverage an rear end a Bentley, insurance only pays $10k for damage to the Bentley. You would be responsible for anything over that $10k. 100/300/100 is not much more expensive than 25/50/10.
2006-12-18 06:30:03 · answer #2 · answered by NY1Krr 4 · 0⤊ 0⤋
Coverage is up to you. Most states just require liability insurance, which means that if you hit me, your insurance will pay for me to get my car fixed, but yours doesn't.
If the van is in poor shape, I'd recommend that. If your van is in nice condition though, you may want to consider getting comprehensive coverage. That will help pay for the cost of repairs whether you were at fault or not. Your premium will take a hit if you're in an accident, but you wouldn't be driving a wrecked van.
2006-12-18 06:21:10 · answer #3 · answered by DA 5 · 0⤊ 0⤋
This answer is extra for the folk that say "Oh who care" or some thing of that nature. those are probably the comparable human beings that Bit## and whinge that the realtor makes too lots.... properly you may not have it the two techniques. A realtor deserve's what they make because of the fact they might spend time with a purchaser or broker and not in any respect make a dime. So once you effortless it out they are not making as much as you think of. And for a number of you bone heads who think of that maximum brokers get an entire 3%....uh, yeah no! they could chop up it with their broker provider and a great variety of brokers are a team of two the place they chop up it returned. Then they have run expenses by way of their commissions, gas, desktops, cameras, table hire, MLS, realtor expenses, self employment taxes...after a whilst the money that anybody began isn't there anymore. in any case, returned to your question.... in simple terms tell the guy the circumstances and he would be miffed slightly, yet hi, it extremely is a getting to understand journey, he shouldn't in any respect instruct properties without an unique purchaser's broker provider settlement. Congrats on the homestead nevertheless.
2016-12-30 14:47:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you will have a loan on the vehicle, it will be required that you have what's known as Full Coverage on the vehicle. However, if you will pay for it in full, then you may choose Collision only, which will be cheaper, however will only cover repairing the other person's car in the event that there is an accident and it's deemed your fault.
2006-12-18 06:17:10 · answer #5 · answered by Deron Dantzler 2 · 0⤊ 1⤋
the amount of coverage is ultimatly up to you. most people when bvuying new cars choose just liability but dealerships usually require you to have full coverage. but the choice is yours
2006-12-18 06:16:22 · answer #6 · answered by Chris W 1 · 0⤊ 0⤋
Asusming that it's financed, you need full coverage.
2006-12-18 07:20:25 · answer #7 · answered by Bostonian In MO 7 · 0⤊ 0⤋
get everthing covered
2006-12-21 11:30:16 · answer #8 · answered by jerry 7 · 0⤊ 0⤋