What Is Comprehensive Insurance
Written by webtechs

What Is Comprehensive Insurance?

Comprehensive insurance helps to pay to repair or replace your vehicle when it is damaged or stolen. It usually includes coverage for vandalism, fire and falling objects. Usually it is mandatory should you be leasing or financing your vehicle. Read on to learn more!

What Is Normally Covered By Comprehensive Insurance?

  • Vandalism
  • Fire
  • Theft
  • A civil disturbance
  • Natural disasters
  • Falling objects

What Is Normally Bot Covered By Comprehensive Insurance?

  • Your medical expenses and those of your passengers following an accident
  • Damage to your vehicle following a collision
  • Damage to a vehicle belonging to another person following a collision.

Coverage Deductible & Limits

You will set the deductible when you take out your policy. So, for example, if your car is stolen, the insurance company would pay you the depreciated value of the vehicle minus the deductible you have to pay. When buying a newer car, you may have to add some of your own money into the purchase. It is worth remembering the comprehensive deductible and limit are separate from the policy’s collision deductible and limit.

Difference Between Collision And Comprehensive Insurance

Comprehensive coverage is different from collision college. In basic terms, collision coverage is used when the car is being driven and is in an accident. Comprehensive coverage is for other damage not usually incurred in an accident of any kind.

Why Buy Comprehensive Insurance?

  • It may be required if you are financing or leasing your car.
  • Find out the Kelley Blue Book worth of your vehicle as once the car is paid off, comprehensive coverage may be optional.
  • It has been suggested you take the amount of the coverage for one year of comprehensive and collision coverage and multiply that number by ten. If your car is not worth that mount, comprehensive and collision may not be effective for you.

Auto Insurance Quotes

From offering liability protection to you and your family to helping you get reimbursed for personal property damage, auto insurance provides many types of coverage. Learn more about Auto Insurance Coverage or get a free auto insurance quote from Klimes Insurance today.

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