Whether or not you’re driving your car, it should be protected – and the good news is, there’s coverage you can turn on to ensure you keep all the protection of your current car insurance, without having to pay the full price. Instead of cancelling your car insurance altogether, long-term parking (LTP) guarantees coverage in case of unforeseen events like fire, theft, or other incidents.
What is long-term parking coverage?
When you park or store your car with no immediate plans to drive or move it, you can activate long-term parking. This maintains a minimum amount of coverage for your vehicle, and reduces your price significantly since it’ll be stored safely.
What kind of protection will my car have with long-term parking?
It’ll keep all the same coverages as your normal policy – except there will be no coverage if you drive or move it, hence the lower price.
Long-term parking (LTP) coverage is a fantastic solution that ensures your vehicle remains protected even when you're temporarily away and your car is not being used.
When to opt for long-term parking coverage
Long-term parking is a great option for anyone who isn’t planning to drive their car for a bit, and would like to save on insurance without forfeiting their coverage completely.
- If you’re a snowbird, wintering in Arizona or Florida (or anywhere else for that matter), you can rest easy knowing your wheels, if properly stored, are still covered for the bare necessities.
- If you’re a car collector, who pulls their ride out for the summer, LTP is a great option for you as well.
- Finally, if a long-term health condition has left you unable to drive, Onlia is here to help protect your car during that time.
Onlia Insurance customers can turn long-term parking on (and off) in minutes through My Account:
- Select your car policy.
- Click on "Turn on long-term parking."
- Review and submit your changes in the shopping cart.
The change will take effect the following day at 12:01 am. And when you're ready to hit the road again, you can reactivate your policy's coverage the same way.
What happens if my car is broken into?
When you store your car in a safe spot, the last thing you expect is a break-in. However, break-ins do occur, and fortunately there are coverages in place to protect you depending on the situation.
In the event that your car is damaged during the break-in, you can be confident in knowing that’s it’s covered under the comprehensive insurance package of your car policy — provided you opted in for it.
If valuable items were stolen from your vehicle during the break-in, your home insurance will step in to cover the belongings. These may include items like laptops, gym bags, cameras, cell phones, and even sports equipment.
Personal property coverage, also known as contents coverage, is an essential part of your home insurance package that covers the theft of items from your car. Bundling your car and home insurance can be a wise decision as it can lower your overall costs and provide coverage for both your car and the items inside it.
Home insurance also covers secondary structures on your property, such as detached garages, where you're likely to store your LTP vehicle. So, if, for example, a tree falls on your garage with the stored vehicle inside, you'll be covered based on the level of personal property coverage you opted for. The coverage amounts and limits may vary depending on your specific home insurance policy, so it's always a good idea to check the details of your individual policy.