Is My Newly Acquired Vehicle Covered?

Customers often tell us they are buying a new car and ask if they need to call us before they drive it off the lot.  Usually, if you currently have Comprehensive and Collision coverage on any vehicle on your policy and if the insurance company insures all your vehicles, physical damage coverage will automatically transfer to the newly acquired vehicle for a temporary period.  Therefore, problems arise when you are carrying Liability Coverage only on all your vehicles and you need physical damage coverage (Comprehensive and Collision) on the new vehicle.  Problems also arise when you are using 2 or more insurance companies to provide your personal auto insurance coverage.  Be safe and ask your agent how your policy addresses this issue.