Is a newly acquired vehicle covered?
Most policies provide automatic coverage for a vehicle that replaces a vehicle already on your policy. The coverage normally is the same coverage you had on your previous vehicle. If you wish additional coverage, there is usually a requirement that you notify your insurance company within a designated time period. Most policies also provide automatic coverage for a newly acquired vehicle that is an addition to the vehicles you already have on the policy. There are usually specific conditions that must be met. For example, the purchased vehicle must be reported to your agent or company within a designated time period. REMEMBER: Some policies do not provide this automatic coverage. Read your policy and please call us about your specific policy.
Most policies provide automatic coverage for a vehicle that replaces a vehicle already on your policy. The coverage normally is the same coverage you had on your previous vehicle. If you wish additional coverage, there is usually a requirement that you notify your insurance company within a designated time period. Most policies also provide automatic coverage for a newly acquired vehicle that is an additional vehicle to those you already have on the policy. There are usually specific conditions that must be met. For example, the purchased vehicle must be reported to your agent or company within a designated time period. REMEMBER: Some policies do not provide this automatic coverage. If you currently only carry liability insurance, liability insurance may be the only coverage that would extend to your newly acquired vehicle; if you purchase a new vehicle, you may not have adequate coverage to protect your new investment. Please contact us so we may review the terms and conditions of you
