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SAFE Vehicle Ownership Reality Check

What type of insurance will the bank financing your car require you to have?

A. Liability
B. Collision
C. Comprehensive
D. Both B & C

Answer :

Final answer:

Banks financing a car usually require both Collision and Comprehensive insurance coverage.


Explanation:

When financing a car, the bank will typically require you to have both Collision and Comprehensive insurance coverage. Collision insurance covers damages to your car if you are at fault in an accident, while Comprehensive insurance covers other damages like theft or vandalism.


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