What Is Comprehensive Car Insurance… and Is it Worth It?
In the U.S., drivers are legally required to carry liability insurance but comprehensive insurance is usually optional. If someone owns a vehicle outright, he or she is not required to have comprehensive car insurance. But if someone finances a vehicle, sometimes the car loan company could require him or her to take out comprehensive insurance.
In the following article, we will discuss what comprehensive car insurance is in detail and whether it is worth getting, even if you are not legally required to have it.
What is comprehensive car insurance?
Comprehensive car insurance covers damage to your car that results from causes other than collisions.
As with other types of auto insurance, comprehensive coverage pays for part of your loss after damage to your car. The other part, known as the deductible, is the amount you have to pay.
The damages that your insurance payment can be used for includes repairs and even a new vehicle.
What does comprehensive car insurance cover?
We have mentioned that comprehensive car insurance covers damage to your vehicle other than that caused by collisions. But neither does comprehensive insurance cover personal items that are stolen from your car or damage to your car that has been caused by potholes.
So, what types of damages does it cover?
Well, with comprehensive car insurance in place, you will have coverage for damage that is caused by things like:
- Natural disasters, such as tornadoes, floods, and earthquakes.
- Vandalism.
- Riots.
- A run-in with an animal, such as a deer.
- Break-ins.
- Theft.
- Fires.
- Fallen objects, such as rocks and tree branches.
Is comprehensive car insurance available around the world?
Yes, comprehensive car insurance is available around the world.
Though, you should make sure that it is available in your specific country before you begin weighing up
