Which of these 鈥渢ypes鈥?of insurance are required by law:?

A.Collision
B. Uninsured Motorist
C. Liability
D. Comprehensive

C

If you own the vehicle (it is paid for) then only liability. Uninsured and underinsured is usually included in liability coverages and is very inexpensive. If you are still paying for the vehicle (lease or lien) then you will also need collision and comprehensive. Most states also require increased comprehensive and collision coverages whe the vehicle is being leased, usually $100,000/$300,000 per person/per accident whereas $50,000/$100,000 is usually acceptable with a lien.

48 states require liability (New Hampshire and Wisconsin do not require liability, until you have an accident)

Some states require Uninsured Motorist.

The liability required will not cover damages in a bad accident. (Some states require 10,000$ property damage, so if you wreck a 30,000$ vehicle, you still have to pay 20,000$ out of your own pocket.

Banks will require other insurance if the vehicle is financed.

go to http://www.iii.org/media/hottopics/insur...

Liability coverage is the basis of all auto insurance policies, and the minimum required in most states. If you're found at fault in an accident, liability insurance pays for the injury and property damage expenses of the third party involved in the accident.so, the answer have to be C


again it may depends on where you are in the world...

C

C