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\nDid you buy a new car lately? Perhaps you moved into a new home. Or maybe you decided to purchase a boat or a recreation vehicle.\u00a0 Below are some changes that should be reported to your agent.
\nAutos
\nAuto coverage for a new or replacement auto can vary. A new car is one you bought in addition to the cars you already own. A replacement car is just that: one you replaced for a vehicle you previously owned.
\nWhat coverage you have can depend on whether the car is a new car or a replacement car. It can also depend on what coverage your company provides. Regardless, you need to make the changes to your auto policy within a specified period of time in order for coverage to apply.
\nThe wording in your policy determines what coverage, if any, is automatic and when you need to report the change. Do you have Liability coverage only? Do you need to carry Collision and Other Than Collision coverages on your new auto? Is your car financed through a bank? What coverage do they require? When you talk to your agent, you\u2019ll need to know this information, along with the details of your new car \u2013 year, make, model, and serial number. It\u2019s in your best interest to call your agent right away to make any of these changes to your policy. Don\u2019t rely on your car dealer or banker to make changes for you.
\nHomes
\nYour homeowner\u2019s policy covers only the dwelling shown on your policy\u2019s declaration page. A new or a replacement home isn\u2019t automatically covered so you must contact your agent with all the required information about your new home, such as:
\nWhat is the location\/address of your new home?
\nWhat year was the home built?
\nWho\u2019s the responding fire department?
\nHave any updates been made to the home: roof, furnace, electric?
\nDoes the home have a wood stove?
\nOnce your agent has all the necessary information, he\/she should be able to bind coverage for you \u2013 either verbally or in writing.
\nRecreation vehicles
\nYour homeowner\u2019s policy may also provide you with some limited watercraft coverage like Liability coverage for outboards under 50 horsepower or up to $1,500 physical damage coverage. Your homeowner\u2019s policy may also offer some limited Liability coverage for a snowmobile or four-wheeler, but if you drive such a vehicle on the road or a trail, you\u2019ll need to add more coverage. You don\u2019t have automatic coverage for motorized vehicles.
\nThe bottom line is that you should consult with your insurance agent immediately or very soon after you purchase a new vehicle, home, or recreation vehicle in order to be sure you\u2019re properly protected.<\/p>\n","protected":false},"excerpt":{"rendered":"