Scenarios:
1) A husband and wife has two vehicles and is purchasing a new GM car. Available to them is the insurance coverage for that vehicle for free. Should they get the free insurance? What happens to their current two vehicles?
- Yes this new vehicle is covered with Met. but what coverage limits and deductible?
- Cancellation from current insurance company (no coverage for the other two vehicles)
- No Umbrella coverage available
- Lose auto & home discount
2) A company is purchasing a new GM truck to transport thier tools and equipment. Again offered to them is the insurance coverage for that vehicle for free. Whats the coverage limits here?
- No coverage for business use
Our conclusion:
- There is an extreme severe consequence in Free insurance.
- If it sounds to good to be true, it probably is!
- You get what you pay for. You're not paying, you're probably not getting!
Please check with your educated, certified, insurance professional when in doubt. Kelley Insurance Agency is here to help!
