They also have kept the same automobile liability coverages they had in Nebraska (25000/50000/25000). A year earlier, shortly after Rex received his medical degree from UNMC, they bought a second car. Jenn had found the 2019 Chrysler Town and Country mini van online with only 16,000 miles on it for $21,600. They decided to put $10,000 down and finance the remaining $11,600 with their credit union over 24 months at 7%.They have dropped the collision and comprehensive coverage on the old Accord but Rex still drives it to/from work. They have collision coverage, with a $200 deductible, on the mini-van but they are debating whether to carry comprehensive coverage. Jenn thinks they should but Rex would rather not pay the extra premium.

questions:

Is Rex right about not needing comprehensive coverage for the new car?

How might their automobile financing agreement with the credit union affect that decision?

What property damage coverages (Collision and Comprehensive) do you think they should carry on each car?

How much deductible?How much auto liability coverage should they carry?