Many people today purchase their new cars with no money down and use the inexpensive dealer financing. What happens when you drive your beautiful new car home? Guess what? The minute you drive that car off the lot, your car is worth less than the loan. the standard Auto Insurance covers the Actual Cash Value of the car (a depreciated number) rather than replacement cost. As a result, if you would have a total loss, you would be upside down on your car. The insurance company would depreciate the loss and you would owe the finance company the difference between the loan and the settlement on the car. You can solve this problem by purchasing replacement cost coverage on your new vehicle. Our personal lines team can help you with. Just give us a call or email us at firstname.lastname@example.org. Don't be caught short!!