accident forgiveness, disappearing deductible, new vehicle replacement value and other special coverage options
Insurance companies offer a variety of enhancements to their auto insurance programs. Different companies offer different special features, and while the type of enhancement may be similar in name, the specific details and eligibility requirements vary from between companies offering the benefit. Some enhancements may be included automatically at no charge with some policies or can be purchased as an endorsement.*
A variety of these special enhancements are briefly outlined below. If you are interested in any of them, please contact us to discuss the specific details.
If you have a clean driving record and have an accident, the insurance company will forgive the first accident and not charge an increased premium because of the incident.
This enhancement will reduce the amount of the deductible you’ve chosen to pay on a claim. How much your deductible is reduced is based on how long you’ve been with the insurance company and how long you’ve had a clean driving record.
new vehicle replacement cost
If you drive a new vehicle and it is totaled in an accident, this enhancement will cover the cost to replace your vehicle even if it is determined that the book value is less than the replacement cost. Because a new vehicle’s value tends to initially depreciate quickly, this can be a valuable feature.
auto loan/lease gap coverage
This option provides coverage to pay off any unpaid balance on your loan or lease if your vehicle is totaled and its value is less than the car loan. This is coverage is different from new vehicle replacement cost.
extended road travel coverage
If you are traveling far from home and have a covered accident or breakdown, this coverage can pay for extra travel expenses you incur as a result.
expanded original equipment manufacturer (oem) parts coverage
If you have a covered loss on your vehicle, this provides expanded coverage so that you can get original manufacturer parts to repair your vehicle.
pet injury related to an accident
Provides for medical treatment costs if your pet riding with you in your vehicle and is injured in an accident.
personal belongings coverage
Provides coverage for certain personal property in your vehicle if it is damaged in an accident or stolen and does not involve a deductible.
enhanced substitute transportation
This feature increases the substitute transportation coverage limits you have purchased on your policy.
use of other auto endorsement
An auto policy does not cover regular use of a non-owned vehicle. By adding this endorsement, you are covered by your policy when routinely driving a company car or other non-owned. This can be important if the vehicle you're driving has lower coverage limits than your policy.
named non-owner endorsement
If you don't own a personal vehicle, this covers you and other listed family members when operating a non-owned vehicle such as a company car as well as borrowed and rental vehicles.
NOTE: This information is only a general description of the available coverages and is not a statement of contract. All coverages are subject to all policy provisions and applicable endorsements. Some coverage may be subject to individual insureds meeting underwriting qualifications and to availability within a state. For further information contact a Murphy Insurance Agency Associate.