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Generally, the insurance that you had on the prior car will remain in force for a stated period of time--certainly long enough to bridge the weekend. You should, on the following business day, contact the insurance agent and advise of the replacement vehicle.
Note that if the prior car was paid off and if you dropped collision/comprehensive coverage, you will likely be required to maintain those coverages if you financed the new car.
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Who pays for your stolen vehicle?
If you have comprehensive coverage on your vehicle, that is the coverage that will pay for your stolen vehicle.
If you buy a new car on a weekend is your new car insured if you have insurance on the old one?
Replacement or Additional VehicleGenerally, if the vehicle replaces another vehicle already insured, it will have the same coverage as the one being replaced. However, for comp or collision to continue, you must notify the carrier/insurer within 30 days of acquiring the vehicle. If it is an ADDITIONAL vehicle (not replacing one already shown on the declarations page), you will automatically receive the broadest coverage currently on the policy for any vehicle listed in the declarations page. NOTE that that means if you have insured only vehicles that are older, with no outstanding loans, and you carry only Liability coverages for that vehicle, that is the only coverage this newer vehicle will have. The obvious problem with that is if you are in an accident and the new vehicle is damaged before you can contact your insurance company, there will be NO COVERAGE for the damages TO THIS NEW VEHICLE. MOST auto policies provide coverage for a 'new' (additional) or 'replacement' auto, when you already have the same coverage for the prior car. For example: Let's say I own a 2003 Honda. I purchase a 2006 Toyota on a Saturday afternoon, or for that matter, on a Wednesday morning. If I trade it in, the 'new' car will automatically have the same coverage as the vehicle I traded in, for up to 30 days.
How old of a car will full coverage cover?
You can technically get full coverage (comp and collision) coverage on any age vehicle, but it is usually not practical to get it on a really old vehicle since if the vehicle is in an accident and is deemed a total loss you will not get very much for the vehicle.
If someone other than a family member is involved in an accident in your vehicle and is at fault whose insurance is responsible?
Barring any exclusions in the policy, the insurance 'stays with the car' so your insurance will pay for the damage to the innocent persons vehicle (under your liablity coverage). If you have collison coverage on your vehicle/policy it too will pay to repair your vehicle less the deductible. If there is no collision coverage on your vehicle and the driver has a policy with collision coverage the drivers collision coverage may step in and repair your vehicle, but ONLY if you don't have collision coverage.
Can you purchase GAP insurance from ford motor credit after you financial your vehicle?
I have found that it's cheapest to buy that type of coverage from your insurance policy. Some offer this type of coverage and some do not. Shop around.
Do you need auto insurance before you buy a car?
You are required to have at least Liability Coverage for the vehicle before ytou drive it off the lot!
Do you have to have full coverage on each vehicle you have or is it enough to have it on one and liability on the others and be fully covered?
You'll be fully covered only on the vehicles for which you choose to place full coverage insurance. The others will only be covered for liability losses if you only buy liability coverage for them.
What is the best insurance for a commercial vehicle?
The best insurance for a commercial vehicle is a comprehensive plan that provides not only liability coverage, but also includes coverage for cargo, and the vehicle itself.
What is UMPD coverage?
Underinsurer or uninsured Property damage coverage pays for damage to your vehicle if another vehicle is at fault for the accident but is uninsured or underinsured.
What do you mean by collision coverage?
Collision is a coverage that usually applies when you "collide" with another vehicle.
Is collision insurance mandatory on financed auto that's nearly paid off?
most lein holders require coll and comp coverage to protect their (the are co-owners in effect of this vehicle should you default on the loan they don't want to try and sell a wrecked car) vehicle.. if you don't have it and prove it to them that you do have coverage, they will put this coverage on the vehicle themselves (and charge you) typcially at a much higher rate, than you can buy it for, it would be good idea to put it on the vehicle yourself until it is paid off.....
What does collision coverage What does collision coverage?
In automobile insurance, collision coverage provides for repairing a vehicle when it is damaged due to the fault of the insured. Liability insurance provides for cost of repair of the OTHER vehicle if you damaged it.
