You do need to have auto insurance as a KoraDrive customer.
All KoraDrive customers are required to purchase auto insurance with collision and comprehensive packages. The auto insurance must include:
- Liability insurance that meets your current state’s minimum requirement.
- Comprehensive and Collision coverages for the full term of the installment.
- Listing “Kora Financial Inc.” as the loss payee
Forced Place Insurance
If you fail to maintain the required insurance coverage, we may obtain insurance coverage, at our option and at your expense. Note that such insurance covers only our interest.