I enjoy full coverage insurance and does that as a rule cover me on any vehicle i drive?
i bought a new car and the dealership consent to me drive it off the lot without have that car listed on my insurance card, my nouns company is trying to bill me 300 dollars for not having it insured. the people at the dealership copied my insurance card next to my old truck listed on it and said it would be fine since i have full coverage. is this true?
It is unbelievably important to read your policy, however, you said you had an dated truck lets assume its value be 10k, Now you have a new truck next to an assumed value of 40k less the trade within.
So you finance 30k on the new truck, the insurance company is potential not going to cover the difference in value. The lender is basically protecting their ***, in case something happen.
Whether they charge
You don't get coverage for an indefinate amount of time, surrounded by most cases you have somewhere between 5-30 days to notify your insurnce company of a new vehicle. I imagine your dealer dropped the ball too. In NY dealer call the insurance company or agent to change the motor on your behalf. Even if this isn't normally done where you live, the peddler should not have told the finance company you have the car on the 30th if you didn't it until 3 days later.
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it still your responsibility to make sure that you insurance is comvering the correct car. They probably said it will be fine...as long as you be insured because you were driving off the lot. ..and you simply brought he car. BUT you still have to notify the insurance company that you own a new car.and to translation it.
OK, your agent can explain policy specific info for you.
BUT, unanimously, if you trade in an old sports car, for a new car, after you have up to 30 days to tell the insurance company give or take a few the change, and whatever coverage you have on the old car will apply to the unusual car. The change is later made, effective the date you traded in the out-of-date car and got the different car.
If you did NOT trade in the vehicle, ie, this is NOT a replacement of the old car (as within, you had two cars at once, because you didn't sell the antiquated one yet), then coverage does NOT automatically transfer over to the contemporary car for that 30 days. You have to notify the insurance company, and settle up for the additional.
Your policy specifically does NOT carry over onto any cars that are owned by you or any of your household member, if they are not listed on your policy, or don't meet the definition of replacement/substitute vehicle.
But some policies won't convey over onto any vehicle that's not listed. Which is why you need to ASK YOUR AGENT.
Your treaty with the finance company is DIFFERENT than your concordat with the insurance company. You can fix this, by asking your insurance company to change the agreement date, adding the car on influential the date you purchased it.
Read your policy. Most auto policies automatically cover a new saloon as long as you add it to your coverage within a set number of days after purchase.
Answers: You have 30 days to tell your Insurance Agent that you've traded vehicle.
Whatever coverages you had on the trade-in are automatically on the new vehicle for 30 days.
If you've gone beyond that 30 days - your hill has the right to force-place insurance on the vehicle.but I'm surprised they would do that without calling your insurance agency and shifting the vehicles FOR YOU - if you didn't do it.