If you have a car loan,the lender will require what kind of insurance?

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Lenders typically require borrowers to have liability, comprehensive, and collision coverage insurance for their car loan. Liability insurance protects the borrower financially in case they cause an accident and are held responsible for damages or injuries to others. Comprehensive insurance covers damages caused by incidents such as theft, vandalism, and natural disasters. Collision coverage pays for damages to the borrower's car in the case of a collision with another vehicle or object. Lenders require this coverage to protect their collateral (the car) in case of any unexpected damages.

If You Have a Car Loan,the Lender Will Require What