Working for an insurance company, I ditto Turk's remark that you did not obtain a policy that says in case of accident, buy me a new car.... BUT, in your case should they total the car, I think that you may luck out as the car is brand new. The only forseeable problem may be the value (ie - did you pay too much). For example, say you bought a Yugo from Turk for $20,000 brand new yesterday. Jamo being the safe driver he is (heheheheh), rear ends you
and totals your car. The insurance rep comes out and sees your new Yugo, does his calculations, check with dealers and finds that the value fo the Yugo is $12,000. YIKES, now what... that's right, your on the hook for the unpaid portion. Insurance companies are not responsible if you overpay for a vehicle. One other thing before I sign off, when you buy or lease a new car, check if your company offers 'loan coverage'. That way, if your loan amount is higher than the value of the car (see example above), the insurance company will pay the loan off. You can only buy this coverage on a new car.......
Good luck, hope all works out for you.....
David
