Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous. Seriously.
NetLite Auto & Home is now offering insurance buyers a free vehicle from Hyundai if they buy a one-year auto policy. NetLite said that drivers who buy a policy before Dec. 26 will receive a new 2006, 2010, 2011 or 2012 Hyundai car, truck, scooter or lawnmower. The NetLite policy covers liability and physical damage, with limits below the states’ required minimum. It also covers anyone who drives the car without the owner’s permission. Policies have separate $5,000 deductibles for collision and non-collision coverage. Rates under the program are not based on garaging location or driving history but instead on the vehicle’s color, amount of leather upholstery, and the age of the owner’s pet.
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