What is comprehensive coverage?
Comprehensive coverage pays for damage to your car that was caused by events other than a car accident. Covered events can include theft, fire, vandalism, natural disasters — even hitting a deer. Comprehensive coverage, like collision coverage, usually insures only the actual value of your car and not the replacement value. Before choosing this kind of coverage, check the value of your car. If your car has an extremely low value, paying the high premiums of comprehensive coverage may not be the most fiscally responsible thing to do. You’d be better off taking that money and putting it into a savings account or mutual fund in case of car problems.
• What is uninsured or underinsured motorist coverage? • My state has a Full Tort and Limited Tort Option. What does this mean? • I’m in a ” no-fault ” state. What does this mean if I have an accident? • What factors can an insurance company look at to determine if they will insure me? • What if I fail to keep insurance on my vehicle? • Can an insurance company refuse to pay my claim ? • Can I require my insurance to authorize the use of original equipment parts when repairing my vehicle? My policy says they will return my damaged vehicle to ” pre-accident condition.” • My insurance company is denying my claim because the location where I keep my vehicle is not what is listed on the application. Is this right? • Is my insurance company required to provide me advance notification if they’re canceling my policy? • Are there any specific time limits for an insurance company to pay a claim ? • My auto was declared a total loss. Is my insurance company required to pay me the replacement cos
Comprehensive coverage covers the cost of repairs to or replacement of your vehicle should it be vandalized, stolen, struck in a hit-and-run or damaged by an “act of God.” Covered events vary from policy to policy but usually include fire, flood and falling objects. This policy is always optional.This information is meant for suggestive purposes only and is not meant to be taken as fact or law.
A form of automobile insurance that covers (pays for) loss by fire, theft, vandalism, and/or falling objects. Back to top WHAT IS COLLISION DEDUCTIBLE WAIVER? A clause that provides payment of the collision deductible in the event the insured has an accident where an uninsured driver was at fault. It is sold only when Liability and Uninsured Motorist and Collision are written on the same policy. Most insurance companies require that the owner or operator of the uninsured vehicle be identified, or the uninsured vehicle is identified by its license number for the coverage to be allowed. Back to top WHAT IS UNINSURED MOTORIST PROPERTY DAMAGE COVERAGE? A coverage in an Automobile Insurance policy under which the company will pay the amonut the insured was entitled to recover for damage to their vehicle (up to $3500) caused by an uninsured motorist. Most insurance companies require that the owner or operator on the uninsured vehicle be identified, or the uninsured vehicle is identified by i
