Parked Car Insurance : What Exactly It Is?

If you intend to store your car in your in-house garage and are not planning to drive it for a specified period of time then you don’t need regular insurance. But to prevent your existing coverage from lapsing, you can purchase auto insurance for parked car and get vehicle comprehensively insured.

The term “parked car” refers to a situation where in your vehicle is not in use. Nevertheless, it is still important to secure total financial protection from unforeseen events like theft, fire, vandalism, storm, etc. There is a possibility of your car getting damaged in one of these situations.

In Which Situation Insurance For Parked Car May Be A Great Help?

If your parked car gets hit by another driver’s vehicle then the at-fault driver’s liability coverage will pay for the costs for damages caused to your car. But when the coverage is insufficient then your car insurance for parked car cover will kick in. So, after the accident, you will have to inform your insurer about the accident.

However, buying a comprehensive insurance on parked car could be useful if the at-fault driver is uninsured. All repair or part replacement expenses could be reimbursed by parked car insurance policy. You can take advantage of our specialist services for finding right amount of coverage.