4 ms·
In most places LIABILITY insurance is required, not theft/comprehensive. I expect you'll still be able to find liability insurance for those models even if nobo
by eschneider 4y ago
In most places LIABILITY insurance is required, not theft/comprehensive. I expect you'll still be able to find liability insurance for those models even if nobody wants to insure them for theft.
- Broken_Hippo 4y agoIf I remember correctly, a lot of loan companies require more coverage than that, though. If you can't insure them, you probably won't get a loan.
- to11mtm 4y agoWhich -does- raise questions about a diminished value claim by the owners, since the resale value will reflect that.
- avgDev 4y agoThat is a good point. However, lenders do require comprehensive, I wonder how they would feel about this if there is an existing loan on a vehicle and it becomes uninsurable.
- tomxor 4y agoI believe theft still falls under liability AKA "3rd party" _if_ it causes damage to others. "Theft" as an insurance type compensates the owner which is optional.