If I were to take out an auto loan from Bank of America would I have to have full coverage insurance on the car until the loan is paid for? Or would I be able to just have liability coverage? Thanks!
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Yes you need full coverage until loan is paid off………………md
you will need full coverage. dealing with bank of america you might want to get insurance on your loan
All banks that i know of require proof of full coverage insurance when they finance a car
Every bank or credit union requires that you have full coverage insurance for the car until it is paid in full. If the bank or credit union finds our and you can’t provide you have coverage they will provide one for you and the cost added to your loan. You don’t want the bank to do this, because the cost will be higher than you can get from the insurance company.