Auto Insurance Endorsement

You can add an auto insurance endorsement to your car insurance policy. Car insurance endorsements give you additional coverage on your car or truck.

 

Insurance Coverage With Endorsements

The insurance company that you get your basic auto insurance coverage through must create the endorsement.

Reasons that you might want to get one or more endorsements on your motor vehicle insurance policy vary. For example, you could get an endorsement in the event that:

• You land a new job that requires you to travel more than 60 miles a day to meet with sales clients.

• Your teenage daughter or son received their driver’s license and you want to increase your coverage.

• Family pets will travel with you on a three-month business trip.

• You recently purchased a new car and want to have the security of knowing that your auto insurance company will replace the vehicle should it be totaled within the first year that you own it.

Just as there are various reasons why you might want to purchase an auto insurance endorsement, there are several types of car insurance endorsements. Depending on the state you live in, your insurance company may or may not be authorized to provide each of the insurance endorsements.

For example, in Massachusetts you can get a loan or lease gap endorsement. This protects you in the event that your car or truck is totaled and there is a balance remaining on your auto loan or lease.

 

Auto Insurance Endorsement Types

Types of auto insurance endorsements that you can purchase include:

• Roadside Assistance: This coverage provides 24-hour roadside assistance should your auto require repair.

• Towing: This coverage takes care of you should your car break down and need a tow to a auto repair shop.

• Labor and Rental: Covers auto repairs and cost to rent a car.

• New Car Replacement: Your insurance company will replace your vehicle if it is totaled within a specified period of time.

• Home Care Services: Your insurance company covers the costs of certain household expenses up to a specified dollar amount.

• Pet Injury Protection: This covers the costs of medical or death expenses for your pet should the pet become ill or pass away while you are on a trip.

Amount of expenses that are covered are listed in the actual endorsement that you purchase.

Adding an endorsement to your insurance policy will likely change your premium rates. Check with your auto insurance provider to see how long you have to keep the endorsement on your policy before you can remove it. Consider contacting two or more insurance companies to compare premium prices that include the endorsements you want.