Question

question 2 of 6
what would happen if your car were stolen and you didnt have auto insurance?
select a response.
your car loan institution would be responsible for replacing your car.
you would still have to pay off your car loan in full.
the car dealership where you purchased your car would replace it.
you would not be required to pay the remainder of your car loan.

Explanation:

• A car loan is a financial obligation to repay the borrowed amount for the car. If the car is stolen without auto insurance, the loan institution isn’t responsible for replacement (ruling out A).
• Car dealerships don’t typically replace stolen cars without insurance (ruling out C).
• The loan remains a debt, so you still owe the remainder (ruling out D). Thus, you must pay the full car loan.

Answer:

B. You would still have to pay off your car loan in full.