Understanding your car insurance coverage.
At Reata Insurance, we help many motorists secure auto insurance locally and state-wide. One frequent question we get asked is if auto insurance policy comes with 30 days of free coverage for newly acquired vehicles. Although your agent will be able to explain everything in greater detail, here’s what you should know to better understand your coverage for your new ride.
Buying a new vehicle and driving it for 30 days before telling your agent to add it may leave you with coverage gaps. You have anywhere from 3-5 days, up to 30 days to tell your agent you have acquired a new vehicle, depending on the company the policy is written in. The vehicle is then supposed to be added the actual date you acquired it. Auto policies can extend coverage for the time allowed by the policy to newly acquired vehicles, but that doesn’t mean it has “full coverage”.
If you are unsure of what your auto insurance covers, please contact your agent. Knowing the ins and outs of your policy can help you to understand where you are – and are not – covered.
Looking for reliable local coverage in Lakeway and surrounding cities? The team at Reata Insurance can help. Contact us today to find out how we can assist in protecting your assets. We’re happy to help.
