What Is an Insurance Lienholder?
by Samantha Lin
The insurance lien holder is the one responsible for your financing, usually banks and loan institutions. In the case that you haven't fully paid your loan, they have the right to acquire your vehicle in any way they can if in
cases of major damages. There are also times that if a vehicle gets seriously damage like car accidents, the bank would ask for computation from the insurance company regarding the coverage and the amount.
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