What Is a Lien Holder?
A lien holder is someone who has either leased a vehicle to you with an insurable interest, or given you money on loan to buy it. The lien holder is usually a bank or another financial firm.
When insuring your car, the lien holder is also included on your policy. This will protect the lien holder in the event that you are in an accident and damage the vehicle. The lien holder has a secured interest in the car.
Looking for just the minimum coverage you need to get on the road? Get an auto insurance quote from Good2Go today! Feel free to give us a call at 855-MINIMO1.
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