If you buy a new car on a weekend is your new car insured if you have insurance on the old one?

Replacement or Additional Vehicle

Generally, yes. The needed coverage would be comprehensive and/or collision.

MOST auto policies provide coverage for a 'new' (additional) or 'replacement' auto, when you already have the same coverage for the prior car. For example: Let's say I own a 2003 Honda. I purchase a 2006 Toyota on a Saturday afternoon, or for that matter, on a Wednesday morning.

Now, if I trade it in, the 'new' car will automatically have the same coverage as the vehicle I traded in, for up to 30 days. Generally, if the vehicle replaces another vehicle already insured, it will have the same coverage as the one being replaced. However, for comp or collision to coninue, you must notify the carrier/insurer within 30 days of acquiring the vehicle. If it is an ADDITIONAL vehicle (not replacing one already shown on the declarations page), you will automatically receive the broadest coverage currently on the policy for any vehicle listed in the declarations page. NOTE that that means if you have insured only vehicles that are older, with no outstanding loans, and you carry only Liability coverages for that vehicle, that is the only coverage this newer vehicle will have. The obvious problem with that is if you are in an accident and the new vehicle is damaged before you can contact your insurance company, there will be NO COVERAGE for the damages TO THIS NEW VEHICLE.

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