What is comprehensive coverage?
Comprehensive coverage pays for damage done to your vehicle in any situation other than an accident. For example, theft, vandalism, fire and hitting an animal are covered under comprehensive. If you leased or financed your car, you will have to buy comprehensive coverage. Since the cost of comprehensive coverage accounts for a large portion of your premium, you may want to skip comprehensive coverage if you car is worth less than $3,000 and you can afford to repair or replace the car yourself.
Comprehensive coverage offers protection against natural disasters such as floods, high winds, blizzards, a tree falling on your vehicle, etc. It also covers theft, vandalism, and fire. It is similar to collision coverage in that it covers accidents that are not caused by another driver. Without comprehensive coverage, you will be responsible for repairing or replacing your vehicle if something happens that’s not covered under your regular policy. Comprehensive coverage generally covers your vehicle up to its fair market value, minus the car insurance deductible. Comprehensive coverage is not legally required in any state, but you will likely need this type of coverage if you have your car financed with a lender. Though it may cost a little extra on your premium, comprehensive coverage offers several major benefits. One is the peace of mind it gives while owning a vehicle. You might think calamities will never happen to you, but they can happen to anyone at any time. Your car could une
