Comprehensive Insurance

A Comprehensive Insurance is a type of car insurance that covers damages of your car due to fire, vandalism, or an accidental bumper. It also helps you replace your vehicle when it is proven stolen or lost. Comprehensive insurance helps you to pay for the replacement or repairing your vehicle when you are in an accident that involves the given statement on how to avail this kind of insurance. Collision and Comprehensive Insurance are not the same because Comprehensive Insurance does not cover collision and medical bills of you or for your passengers.

Now you know why it is also good to sign up for Comprehensive Insurance and not just a Collision Insurance. Comprehensive Insurance can help you with the small things that mostly happen to your car or any vehicle.

What insurance pays for comprehensive Coverage?

Here are the lists that a comprehensive covers for the claims.

  • Floods
  • Weather such as hails or tornadoes
  • Fire
  • Explosions
  • Crashes such as striking some animal
  • Civil and riots troubles.

Limits and deductible of comprehensive coverage

Comprehensive coverage has a set of deductible, which deductible is the amount that you will pay out of your pocket, and your insurance will pay the rest of the payment. For example, you choose to have a $500 for your deductible then you got into an accident which cost $1500 for the repair. You will pay $500 for the deductible, and your insurance covers the $1000 payment remaining.

Comprehensive has a limit. Also, It’s limit is the amount value of your vehicle. Or the amount of your policy that you will pay for your covered claim.

Comprehensive cover another limit:

Here are two of the most common policy add-ons of some insurance company that may charge you some amount:

  • A courtesy car – If your vehicle is being repaired, there an insurance company that let you use another vehicle while waiting for your car to be fixed.
  • A breakdown cover –It is usually optional, but it has cost to pay. It comes like an incentive type. A breakdown coverage that might encourage you to afford to while waiting for your vehicle.

The things that you should consider in getting a comprehensive insurance coverage

  • Your lender may require it – If your vehicle is a leasing vehicle, then your lender will require you have a comprehensive coverage until the car is paid already.
  • The age of your car – Comprehensive is optional if your vehicle is already paid off. But if you can’t afford to pay out of your pocket, then getting a comprehensive will be a good idea in terms of an emergency fund. It will be a smart investment if you will apply for one.
  • How much is the cost of the comprehensive coverage – considering in applying for one is your capacity to pay for it. If you think you can, then you can ask your insurance agent on how you will get one and how you will pay for it.

Remember that if you have a question about the comprehensive coverage you can always ask your insurance agent about it. Asking is not a crime, so call your insurance now.


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