Vault Reciprocal Exchange has submitted a form filing in New Jersey to revise its private passenger auto program, updating core policy language and introducing new endorsements. The filing, submitted on April 3, 2026, applies to the VRE Private Passenger product, with new business effective May 11, 2026 and renewals starting June 11, 2026.

The update is largely structural, with Vault refiling previously introduced forms at the request of regulators to separate form changes from rate and rule approvals. The revisions touch definitions, liability provisions, and claims handling, while also adding new coverage options and refining existing endorsements.

Key changes include updated definitions of insured parties and covered vehicles, along with more detailed rules around newly acquired autos. Coverage for new vehicles is conditional on notification within 20 business days, with temporary automatic coverage subject to higher deductibles until formally added to the policy.

The filing also introduces new exclusions and clarifications across liability and medical payments. Notably, exclusions now explicitly address transmitted diseases and intentional acts, while tightening rules around vehicle sharing programs and undisclosed drivers.

On the coverage side, Vault adds several endorsements aimed at high-value and specialty risks. These include Emergency Movement Coverage, which reimburses costs to relocate vehicles ahead of events like wildfires or storms, and a flood deductible endorsement that applies specific deductibles for flood-related losses. Additional updates address transporting vehicles, customized equipment, and deductible aggregation under the Advantage structure.

The policy continues to emphasize agreed value coverage, with total loss settlements tied to pre-agreed amounts rather than actual cash value for eligible vehicles. New vehicle replacement provisions allow for replacement with a comparable untitled vehicle under certain conditions.

Other enhancements include expanded transportation and temporary living expense coverage, personal effects protection up to $2,500, and full glass coverage when selected. The filing also formalizes timelines for claims handling, requiring acknowledgment within 15 days and payment within five business days after approval.

Overall, the changes reflect a continued push toward more tailored coverage and clearer policy mechanics, particularly for higher-end vehicles and complex usage scenarios.