Just frustrated at this point. I understand that the bank wants to protext their lien however Ive never heard of this. Had I know this, I wouldnt have financed through them to save my .09% over Honda's finance. In fact, Im pissed off. I bought this machine on a budget.
Any lien holders who dont require ins? Can i refinance through Honda?
At this point, Im ready to call my bank and tell them to kiss it and refinance it and my truck through a different institution bc of this.
Amigo...I think you will be hard pressed to find any Financial Institution that holds any value or title that will not require Full Coverage insurance...But I could be totally wrong.
All of the Liability is on them..
Good Luck to you and I hope you find resolve..
I am sure if you do not provide that they will add the cost to the note at a premium cost.
Maybe a Lender or Insurance Agent could explain with more detail or clarification.