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What is the coverage the lien holder requires if the vehicle is being financed?

April 26, 2017coverage financed lien requires vehicle

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What is the coverage the lien holder requires if the vehicle is being financed?

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The coverage that is required by the lien holder is Physical Damage. Physical Damage covers the vehicle from sand, hail, flood, vandalism and collision regardless of fault. The insured will pay the deductible then the policy will pay the rest of the damages.