Comprehensive Auto Insurance will cover your own vehicle and your personal property inside your car. It will pay for repairs to your car as a result of hitting a deer, fire, glass damage,hail, flood, vandalism and other natural disasters. If the personal property inside your car was damaged from one of the above or was stolen, your comprehensive coverage would pay for your loss.
All comprehensive coverage is subject to a deductible which you must pay before the policy will pay you. Some people save on the cost of their insurance by omitting the comprehensive or collision coverage on their vehicle. This makes sense on older cars with little value. For glass damage, you may want to repair the window on your own, without submitting a claim to your insurance company.
If your car is financed, your lender will usually require comprehensive coverage until the loan is paid in full. The lender may also require a maximum deductible of $1000 on the vehicle. They can place this requirement in your loan contract to ensure that their investment is protected.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment