I just bought a car and the dealer said I am covered, what does that mean?
Danger, Will Robinson!! Dealers are not insurance agents. There have been a lot of problems with auto dealers telling people they have insurance when they drive off the lot. Most dealers do not have licensed agents on staff. Occasionally they will sell you or include an insurance policy. However 99 times out of 100 that policy is just a physical damage policy that only covers the car. This usually happens when you buy the car with a loan from the dealer. It contains NO LIABILITY insurance.