Fireman's Fund Insurance Company Launches Green Auto Insurance
New coverage replaces vehicles after a total loss with a new model
Fireman’s Fund Insurance Company has introduced hybrid upgrade auto insurance and the move is expected to enable car owners to go green.
In addition, new vehicle replacement coverage is also available, insuring the full replacement cost of vehicles that are total losses for up to their first three model years (option available for five model years), said the company.
The hybrid auto upgrade would enable policyholders to upgrade to a hybrid model during the first three model-years in the event of a total loss.
Fireman’s Fund would offer full replacement coverage, including cost to replace, with a new vehicle. Vehicles would be replaced with the current make and model available, including similar equipment and options. There is no depreciation reduction, but rather the increased cost to replace with a new vehicle is covered.
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