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What would happen if your car were stolen and you didn't have auto insurance?

A. Your car loan institution would be responsible for replacing your car.
B. You would still have to pay off your car loan in full.
C. The car dealership where you purchased your car would replace it.
D. You would not be required to pay the remainder of your car loan.

Sagot :

Final answer:

Without auto insurance, you would be responsible for paying off your car loan in full.


Explanation:

If your car is stolen and you do not have auto insurance, you would still have to pay off your car loan in full. Without insurance, the financial responsibility for the vehicle would fall entirely on you.

In the absence of insurance coverage, the lender or car dealership would not replace your car or cancel your loan obligations. It's crucial to have auto insurance to protect yourself financially in such situations.


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