If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not?
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Yes you should have insurance if you own them!
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You will want to continue to carry house and car insurance even if they are fully paid for. Your home insurance policy comes with liability as does your car insurance. This will protect you in the event of a lawsuit from injury caused at your home or by you in your car. Also, insurance helps reimburse you in the event of an accident to repair damages. ChaCha
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About Car insurance
Car insurance is purchased to protect against damage caused from an automobile accident.
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