Wednesday, April 10, 2013

House Bill 949

I coauthor House Bill 949 with Representative Smithee. This legislation eliminates inconsistencies among insurers by transferring insurance coverage from a previous vehicle to a newly acquired vehicle. Currently, when a consumer purchases a... new or used vehicle, auto insurance providers are not required to extend standard coverage for a new vehicle during the policy term, although such coverage may exist. Unfortunately, the consumer may be unaware and incorrectly assume that their newly acquired vehicle is covered by a transfer from their pre-existing policy.

Under House Bill 949, the consumer has 20 days from the purchase date to notify the insurance provider of the new vehicle in order to receive coverage. This bill protects consumers by eliminating inconsistences among insurance providers that may cause confusion for vehicle owners about the insurance coverage for their newly acquired personal vehicle. You can follow this legislation here.

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