No getting out of insuring that financed car…

EAST COAST RADIO  |  ECR CONSUMERWATCH
If you’re feeling the pinch, cancelling or downgrading your car insurance may seem like a good way to shave a few hundred Rand off your monthly expenses. But not only is that very unwise, it’s a breach of your car finance contract. Car finance banks have a right to insist that the car is comprehensively insured for the duration of the contract, and many make sure by asking their clients to send them proof that a policy in in place. Failing which they can impose a policy on you. And make you pay, and still you could end up with no pay-out after an accident. Here’s how…
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