Insurance Lesson

Lienholder

The finance company or bank that holds the title of the vehicle you own and collects payments is called the lien holder. It is important to list them on the insurance policy so they can be paid in case of any loss to the vehicle they have insurable interest in.

Lesson Script

What This Video Covers

The finance company or bank that holds the title of the vehicle you own and collects payments is called the lien holder. It is important to list them on the insurance policy so they can be paid in case of any loss to the vehicle they have insurable interest in.
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