What Is Comprehensive Coverage

What is comprehensive coverage?

Comprehensive coverage helps pay to repair or replace your car if it’s stolen or damaged by something other than a collision.

Comprehensive typically helps cover theft and damage from vandalism, natural disasters, falling objects, fire, hail, flood, or animals. If you lease a finance your vehicle, your lender may require you to carry comprehensive coverage until your loan is paid off.

If you own your vehicle outright, comprehensive coverage is optional on your car insurance policy. So why consider comprehensive coverage?

Could you afford to repair your car if we’re damaged in a hand storm or what if you hit a deer? In these types of situations, comprehensive coverage may help pay for costing repairs up to your cover to it.

The limit is the maximum amount you are ensure will pay for a covered claim. The limit for comprehensive coverage is typically the depreciated value or the actual cash value of your vehicle.

Say your car is stolen or totaled in a covered claim, you are sure would cut you a check for the car’s actual cash value.

If you wanted to replace your total car with a new vehicle that costs more than your insurance reimbursement, you would have to pay the balance out of your own pocket.

Another key thing to know about comprehensive coverage is that it has deductible. A deductible is the amount you paid for the covered claim.

You choose your deductible, for example $500, when you buy comprehensive coverage. Now you have a little more information on the benefits of comprehensive coverage and how it works.

Questions? contact your insurance agency.

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