Posted: Sunday, October 6, 2013 1:09 PM
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There are two versions of the replacement cost endorsement currently being written. Under the first, coverage is written only on new cars and must be kept in force as long as the insured owns the car. Only accident damage is covered - fire and theft losses are excluded. The second version provides coverage on personal- use automobiles up to five years old. This version specifies that if the car is stolen or totally destroyed, the insurer will reimburse an amount sufficient to purchase a car of the same model up to two model years newer, or $2,500 above Its actual cash value, whichever is less. accident. (2) investigating, suit. (3) driver is 1 Motorists Coverage and ( its equipment insured after an accident or loss occurs are set forth in Part E of the duties include the following. or defending any claim or a person is seeking for physical damage coverage. In the event a covered auto is ice is required. Exclusions Certain risks are excluded from the scope of coverage. The reasons are: (1) to avoid conflict and duplications with more suitable coverages; (2) elimination of uses more hazardous than those contemplated in the rates; and (3) avoidance of certain uninsurable hazards.
For additional information on auto insurance requirements, please visit Texas Department of Auto Insurance.
For more information on Dallas, please go to Official Site for Dallas.
• Location: Dallas, Dallas TX
• Post ID: 19566755 dallas