What is comprehensive insurance?

Comprehensive insurance is a type of motor vehicle insurance. This insurance covers damage to your own vehicle caused, for example, by someone else. The damage can also occur through no one’s fault. This is the case, for example, when a tree falls during a storm.

There are two different types of comprehensive insurance, namely

• Partial coverage auto insurance
• Comprehensive auto insurance

Partial coverage auto insurance

In addition to damage you cause to other people's vehicles, limited comprehensive insurance also covers damage caused by:

• Storm, hail, and lightning
• Fire and Explosion
• Theft and Attempted Theft
• Collisions with Stray Animals
• Window Breakage

Claims you file under the limited comprehensive coverage portion of your insurance policy do not affect your no-claims bonus.

The timeframe within which you receive the replacement value varies by insurer. The replacement value provision is not an option for every car. Often, the provision does not apply to more expensive cars, and sometimes it is only valid if you are the car’s first owner. In addition, there are certain policies that calculate the car’s value based on a fixed depreciation rate.

Comprehensive auto insurance. Also known as All-Risk

Comprehensive insurance is also known as all-risk insurance. Comprehensive insurance is the most expensive and most extensive type of coverage you can choose. Comprehensive insurance covers everything that limited coverage covers, as well as damage to your own car that you caused yourself.

With this insurance, you’re not only covered for damage to your car caused by others. Even if you’re at fault for an accident, for example, you’ll be reimbursed for the damage to your own car.

This coverage does not include damage caused by wear and tear or by a defect in the vehicle itself.

Until cars are about 6 years old, comprehensive insurance is the most popular type of coverage. However, it’s difficult to pinpoint a specific age for this. For cars older than 6 years, comprehensive insurance is still recommended. Cars these days easily last 15 years. As a result, an 8-year-old car, for example, can still have a high current market value. It’s best to make a well-informed decision about insurance by comparing your options. Determine the difference in premiums between limited comprehensive coverage and full comprehensive coverage to make a well-informed choice.

Do you have questions about the different types of coverage, such as for auto insurance? Please contact us. We’re happy to help! You can reach us Monday through Friday from 8:30 a.m. to 5:30 p.m. at 088-6883700.