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Automobile coverages:
Your California insurance policy is divided into two types of coverages:
Section 1 or sometimes called, one way coverage, includes legally required coverage by the police, your leasing company, DMV or department of motor vehicles for license plate registration.
Section 2 is physical damage coverage to protect your car. If you are financing or leasing your car it is required by that company. If you do not purchase it, the finance/lease company may impose their own VSI, limited policy, REPOSSESS YOUR CAR, charge you interest on the insurance, and finally, not give you title until you pay for all of the above.
If you buy the minimum section 1 coverage required by the law, and section 2 physical damage coverage, required by the bank, some call it two way coverage. In other words, you are minimally protecting only the other party and your car.
SECTION 1
SECTION 2
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1.Immigration-Info 2.Surety-Info |