As the cooler weather approaches many people may start putting their vehicles in storage from the harsh winter conditions. Which leads many to ask this question, “Do I need insurance for a car I am putting in storage?” Many people may think they do not need to have any insurance coverage for a vehicle they are storing away but the reality is there are many things that can still happen to your vehicle even when it is not driven on the road. Some threats that vehicles may face when in storage are vehicle theft, vandalism, and weather-related damage.
What Kind of Insurance Do I need for a vehicle in storage? When putting a vehicle in storage, most insurers will allow you to keep comprehensive coverage on the vehicle. “Comprehensive insurance coverage is defined as an optional coverage that protects against damage to your vehicle caused by non-collision events that are outside of your control. This includes theft, vandalism, glass and windshield damage, fire, accidents with animals, weather, or other acts of nature.” Since the vehicle will not be on the road, it is not necessary to carry collision coverage which pays for damage to your car resulting from a collision with an object such as another vehicle, light pole, etc. Keep in mind, if there is as loan or a lease on the vehicle, lenders will most often require you to keep both comprehensive and collision coverage even if it is not driven to protect their investment. For example, if the vehicle were totaled in an accident, the lender would have to get the money from you for the repairs or to replace the vehicle, which is much harder than having the insurance company pay for it.
Contact Paroubek Insurance to help review your Auto Insurance and help you find the best insurance rate with the appropriate coverages you need to protect you and your family.