Tag: New car replacement coverage

Texas Car Insurance Options Part 1

Life is full of options, and the same is true of a Texas car insurance policy. Frankly, everything other than liability coverage is optional, however, insurance companies offer a number of options worth considering beyond uninsured motorist coverage, comprehensive and collision coverage, and medical coverage. Here are 4 options worth knowing about.

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New car replacement, is that an option?!

Last week’s blog, “Gap coverage, an important option to have,” examined an optional coverage that can be added to most car insurance policies. Here’s a link just in case you missed it, A new car loses 11% of its value the minute you drive it off the lot and 15% to 25% each year thereafter for the first 5 years. GAP coverage can be a financial life saver. While that’s helpful for your loan and your wallet, it doesn’t really get you a new car.

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