You’ve probably heard of auto insurance referred to as “collision coverage.” Did you know that there is another kind of auto insurance called comprehensive coverage? You should think about having this coverage as part of your policy if you don’t already. Here’s why:
Comprehensive car insurance covers “acts of God”
Extreme weather, like snowstorms; floods; hurricanes or tornadoes that cause damage to your vehicle is covered. Basically, any damage not caused by a collision.
Comprehensive car insurance covers vandalism
If your car falls victim to vandals, this insurance covers it.
Comprehensive car insurance covers grand theft auto
Your car is stolen. Call the police and then your insurance company. You’ll be reimbursed for the actual cash value of the car at the moment it was stolen. Once you drive a new car off the lot the value depreciates over time.
There is one thing that comprehensive car insurance has in common with collision coverage – paying deductibles first. You’ll talk this over with your local insurance representative when you purchase the policy. It’s the out-of-pocket expense you’ll have to come up with before the insurance company starts resolving the claim. The higher the deductible, the lower your premiums.
Want to learn more or need to make sure your comprehensive coverage is what it should be? Contact us. We’re here to help!