New or Additional Cars
If you buy another car, your policy might automatically cover it with certain limitations. You may have up to 14 days automatic coverage if you have physical damage coverage on an existing vehicle. Read your policy or ask your agent to find out if you have this coverage.
Insurance companies must give additional cars the same amount of coverage as your car with the most coverage. For example, if you have two cars - one with liability coverage only and one with liability, collision, and comprehensive coverages - and you buy a third car, the third car will automatically have liability, collision, and comprehensive coverage.
Insurance companies will give replacement cars the same coverage as the car it replaced. For example, if you trade in an older car that only had liability coverage, the new car will automatically have only liability coverage.
Be sure to tell your insurance company within 14 days that you have added or replaced a car and which coverages you want. You could lose coverage on an additional or replacement car if you wait longer to tell your insurance company.
Suzanne Brown Insurance Agency
A Texas Independent Insurance Agency with over 100 insurance carriers