A bank will require physical damage insurance because they need to ensure they are protected if you get into a car accident. Once you have completely paid for the vehicle and hold the title to it, you can choose not to insure it for physical damage. Typically, you should decide not to purchase this coverage only if replacing it would not cause you financial strain or if you would not plan to replace it.
Have You Been Injured In A Dallas, Texas Area Car Accident?
If you've been involved in a car accident you need to speak with an experienced car accident lawyer as soon as possible. Contact us online or call our Dallas office directly at 214.559.7202 to schedule a consultation.