Is the new year means a new car for you? Boy, it would be nice to buy the latest and greatest model every year? Or, maybe you have a new driver who is in need of wheels? Whether you are replacing an existing vehicle or adding another vehicle in your household, it is very important to be aware of how these scenarios affect your insurance coverage!
First of all, it is very important to have an existing personal auto policies in force. With a policy of active personal self, there will be a certain amount of automatic coverage for a specified number of days. The number of days of automatic coverage depends on the regulations of the State and if the vehicle is new or replacement vehicle. There are also provisions on whether the automatic coverage of your auto insurance policy provides liability only or full coverage (comprehensive and collision coverage). Your independent insurance agent will help you answer all questions regarding coverage.
Car dealers will want to confirm that you have auto insurance in place before you drive your new car off the lot. But if it's Saturday afternoon to 15:00 and you have found the car of your dreams? Your insurance agency is closed. What to do? In most cases, simply provide a copy of your card and / or copy of your current auto insurance declaration page being confirmation that you have insurance. This should satisfy the proof of dealership insurance requirement. However, it is very important to follow up with your agent the next business day to add the newly purchased vehicle to your policy
Some takeaways :.
- When buying a new vehicle, have the insurance ID card for your current vehicle to at least reach. It may be useful to also have a copy of the declaration page of your auto insurance policy. Consult your independent insurance agent about your coverage needs.
- Remember every state has guidelines regarding the automatic cover to check your policy.
- Contact your insurance agency to add the vehicle to your personal auto policy the next business day.
Finally, drive safely and enjoy your new car!
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