If you finance your automobile be careful. Most people shop for the lowest premium insurance company they can find. The lowest premium policy might end up costing you thousands of dollars or wage garnishments and here's why! Make sure your insurance policy has enough coverage to pay off your loan in case your vehicle is stolen or wrecked beyond repair. If this was to occur you are still liable for the balance of your loan. Don't find yourself owing thousands of dollars by shopping for the lowest price insurance policy before you know that policy has enough coverage to pay off your automobile loan if you file a claim.
Monday, November 26, 2007
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