The decision to invest in your car by installing new stereo or audio equipment can be a concern. You may assume that you need special audio insurance to pay for damages, repairs or the theft of the new system. Depending on your current coverage, you may or may not need additional protection.
Current Policy Details
Every auto insurance policy is different, so the details regarding your current coverage may play a role in the decision to purchase a separate policy. For example, if you have basic liability protection, then you may want to purchase a separate audio insurance policy to protect the new stereo from theft or damage. On the other hand, if you have a comprehensive plan, then it may already be covered.
An audio system is usually part of the car, which means that once it is installed, it is counted as part of the car’s current value.
Buying an Appropriate Policy
If your current policy does not cover your personal belongings or the damage to your vehicle, then you may want to buy a separate policy to address your concerns related to the specific stereo system. The additional coverage that you need may vary, so you may want to compare your options based on the cost of your new system and the specific concerns that you want to address.
A basic policy that is designed to protect the audio system can provide the coverage that you need to address most of your worries.
It may not be necessary to purchase a separate policy for a new audio system that you have installed, but there may be times when you want additional coverage. Contact us to speak to an agent to learn more about your options.
