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Is Car Insurance Extendable to a Newly Acquired Vehicle or Another Person? While auto insurance is chosen to cover certain vehicles scheduled on the policy, one should not presume that auto insurance is anything but a form of Personal Insurance. The Personal Auto Policy (PAP) which is accepted by many car insurance companies emphasizes the significance of personal attributes of the policy. For that reason, the auto insurance policy, while providing coverage for vehicle(s) follows the person(s) whose name scheduled on the Declaration Page of the policy, called The Named Insured. For that reason, a car insurance policy is not transportable among individuals people (except legally wedded couples). If you have a policy covering you then you cannot ask your company to shift the coverage to your children, siblings or friends because you sold your car to them. In the situation you sold the car to a sibling or a friend, for instance, then you may ask your company to terminate your coverage, get your reimbursement check, then you may offer it to your siblings or friends as a present. Asking your company to expand auto insurance coverages to your siblings or friends is not probable because they may not be satisfactory for auto insurance purposes, or they may be suitable but under special provisions and conditions. But if you trade your car with a different car then your insurance is moveable from the existing vehicle to the newly acquired one. All what you need to do is call your insurance broker/ agent and report the adjustment to him/ her. The questions that is always asked is if you are covered between the time you got the new vehicle to the time you list it on your policy. If you are switching (replacing) vehicles most companies will cover you immediately on your newly acquired auto, providing you report it through a particular number of days (usually 30 days). In situations like that your most broad coverage on your existing policy will be extended to the newly acquired vehicle. So if you have comprehensive and collision coverage on the existing policy, then it will be extended to the newly acquired vehicle. Some preferred insurance companies are liberal to grant comprehensive and collision coverage for newly acquired vehicles for 4 days, even if the existing policy is a liability only policy. If the newly acquired car is an added car, then the provisions set in the original ISO's PAP policy are very comparable, however the insured must report the newly acquired vehicle to the company is 14 days or less for collision coverage to stay extended. There is no collision coverage after 14 days if the extra vehicle is not scheduled. It is obvious that a good number of insurance companies will extend the coverage to the newly acquired vehicle whether that vehicle is a replacement vehicle or an additional vehicles. Certain points to remind you: 1. These are guidelines of the Personal Auto Policy (PAP) of the Insurance Service Office (ISO), and are not the law. Insurance companies do not have to stick on to these requirements, and some companies may be charitable and give more time, more flexibility than what the ISO counsels, while other companies are severe in their provisions and may not use the ISO form. First word of advice: read your policy! 2. Even with companies that are kind and giving the extension of coverage is strictly for any acquired vehicle titled in the name of the insured or spouse of the named insured. So if your child, boyfriend, girlfriend or sibling purchased an additional vehicle or replaced their vehicles this automatic extension of coverage will not apply, even if these people are listed as operators on your policy. Also, no coverage is extended if the newly acquired vehicle weighs more than 10,000 pounds or is going to be used for business functions such as delivery. Second word of advice: Read your policy!
HALAMAN SELANJUTNYA:
Car Insurance Singapore
Car Insurance
Ntuc Car Insurance
Fwd Car Insurance
Direct Asia Car Insurance
Aviva Car Insurance
Car Insurance Quotes Online
Ntuc Income Car Insurance
Cheapest Car Insurance Singapore
Msig Car Insurance
Aig Car Insurance
Axa Car Insurance
Car Insurance Quotes
Best Car Insurance Singapore
Budget Direct Car Insurance
Aviva Car Insurance Singapore
Cheap Car Insurance
Axa Car Insurance Singapore
Aig Car Insurance Singapore
Commercial Car Insurance
Car Insurance Quote Singapore
Compare Car Insurance
China Taiping Car Insurance
Car Insurance Claim
Tokio Marine Car Insurance
Direct Asia Car Insurance Review
Ntuc Car Insurance Quote
Car Insurance Comparison Singapore
Ntuc Car Insurance Hotline
Best Car Insurance
Etiqa Car Insurance
Car Insurance Malaysia
Msig Car Insurance Singapore
Rental Car Insurance
Car Insurance Online
Hdfc Ergo Car Insurance
Tesco Car Insurance
Car Insurance Calculator
Ntuc Car Insurance Claim
Comprehensive Car Insurance
Tata Aig Car Insurance
Prudential Car Insurance
Uob Car Insurance
Rsa Car Insurance
Chartis Car Insurance Singapore
Affordable Car Insurance
Aia Car Insurance Singapore
Car Insurance Companies
Go Compare Car Insurance
Tenet Sompo Car Insurance
Car Insurance India
List Of Car Insurance Companies In Singapore
Cheap Online Car Insurance
Car Insurance Calculator Singapore
Tenet Car Insurance
Car Rental Insurance Singapore
Sainsburys Car Insurance
Instant Car Insurance Quote
How Much Is Car Insurance
Dbs Car Insurance
Car Insurance Promotion
Aa Car Insurance
Ntuc Car Insurance Singapore
Aig Singapore Car Insurance
Car Insurance Uk
Car Insurance Policy
Chartis Car Insurance
Aia Car Insurance
Buy Car Insurance Online
Liberty Car Insurance Singapore
Car Insurance Australia
Cheap Car Insurance Quotes
Compare Car Insurance Online
Nrma Car Insurance
New Car Insurance
Icici Lombard Car Insurance
Maybank Car Insurance
Ntuc Car Insurance Review
Great Eastern Car Insurance
Direct Car Insurance
Car Insurance Singapore Price
Liberty Car Insurance
Tokio Marine Car Insurance Singapore
Oac Car Insurance
Car Insurance Rates
Online Car Insurance Singapore
Car Insurance Renewal
Aviva Singapore Car Insurance
Axa Car Insurance Hotline
Citibank Car Insurance
Car Insurance Sg
Hong Leong Car Insurance
Car Insurance Installment
Car Insurance Quotation
Aami Car Insurance
Car Insurance Quote Online Singapore
Income Car Insurance
Third Party Car Insurance
Car Insurance Premium Calculator
Royal Sundaram Car Insurance
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