You have finally found the car you love - Great price, great gas mileage, great ratings, and you are ready to drive it home. If you have insurance coverage already in place it does extend to a newly acquired vehicle, however if you have a vehicle on your policy with liability only, you will only be covered for that. Make sure you contact us if you think you are going to be purchasing a vehicle so we can go over your coverages with you!
As we all know as soon as you drive off of the lot the value of your new vehicle decreases. Most insurance companies have an optional coverage that can be applied to a brand new vehicle to stop this depreciation for a certain amount of time. If you happen to have a total loss within the allotted time frame given, the insurance company will cover the vehicle for the full purchase price! Give us a call to ask for details!
If you have any questions about the information above or anything else regarding your vehicle, please contact us and we would be happy to help you.