New Car Replacement Coverage

Sourced from https://www.thesimpledollar.com/insurance/auto/new-car-replacement-coverage/

Getting behind the wheel of a new car can be an exciting moment, and it’s even better if you are secure in the knowledge that you’ve got the best car insurance for your situation. You want to protect your new car from any damage and to know that if the worst happens, you’ll be able to cover any repairs or replace the car with a similar model if it’s totaled.

Car insurance is mandatory in all but one state (New Hampshire) in the U.S., but you still have a lot of flexibility in tailoring your coverage to work for your circumstances. Once you’ve met your state’s minimums, you’re free to purchase additional coverage as you wish.

That’s where amendments, or add-ons, can help you out. Amendments such as new car replacement insurance can save you thousands of dollars in the event of an accident. This amendment, which is meant for cars that are one or two years old, allows you to receive a higher amount in a claim situation. Let’s take a closer look at how i… Read More

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