Not exact matches
If you already
dropped collision and comprehensive coverage on your paid - off car to save money, lenders may sell you optional credit
insurance, which is often more expensive than the cheapest
full coverage.
1.3 Consider raising
insurance deductibles to $ 500 or $ 1000 and
dropping full coverage on paid for «bondo buggy» (You have an EF ya know)
But if you own a return - of - premium policy,
dropping the policy before the
full term has expired means that you will have paid a high price for your term
insurance coverage and the premiums you paid won't be fully refunded.
Many
full - time artists struggle to find
insurance, or decide to
drop their
insurance completely because the cost is prohibitive, leaving them in danger of being bankrupted if they get hit with a costly medical emergency.
But if you own a return - of - premium policy,
dropping the policy before the
full term has expired means that you will have paid a high price for your term
insurance coverage and the premiums you paid won't be fully refunded.
When it comes to auto
insurance, because of the above, it's better to pay it off right away than have to deal with the
full range of consequences if the company decides to
drop your policy.
After you have paid off the
full balance of your SBA loan, you might consider
dropping your life
insurance coverage.
For instance, if you have just paid off the loaned vehicle,
dropping the
full coverage
insurance will reduce your
insurance premiums.
The decision often boils down to either having
full coverage auto
insurance or
dropping down to liability only auto
insurance.