What is Comprehensive Car Insurance
Comprehensive car insurance provides complete protection to your vehicle. Along with this, it also provides you financial protection against losses due to natural calamities, theft, accident, fire etc.
Comprehensive car insurance also provides coverage against third party liabilities. You can customize the coverage of comprehensive car insurance according to your needs.
Comprehensive car insurance provides you with comprehensive coverage to protect you against losses due to natural calamities, theft, accident, fire etc. But it does not cover the damage caused by the collision.
Why Should You Choose Comprehensive Car Insurance
You should opt for comprehensive car insurance over third party car insurance as it provides you all kinds of protection. If there is damage to your vehicle due to natural calamities like earthquake, cyclone, flood etc.
So, comprehensive insurance covers you, while third party liability does not. If the vehicle is damaged due to incidents like fire, theft, demolition, then comprehensive insurance will cover it.
But third party liability insurance will not cover it. Comprehensive insurance also covers personal accidents. But third party car insurance also covers it.
If we talk about add on, then comprehensive car insurance covers it, whereas third party car insurance does not cover it.
And along with this, comprehensive car insurance covers damage to third party vehicle, but third party car insurance also covers it.
If the third party person is injured, then it will be covered by both comprehensive car insurance and third party insurance.
But customization of car value is covered by comprehensive car insurance, whereas third party car insurance does not cover it. Apart from this, comprehensive car insurance also covers riots and damages caused by animals.
What Does Comprehensive Car Insurance Not Cover
Comprehensive car insurance does not cover damages caused by a collision. Nor does it cover the damages done to other vehicles. Also, comprehensive car insurance does not cover medical expenses.
Along with this, if you have to fight a legal battle due to the accident. So even this will not cover comprehensive car insurance.
Comprehensive Car Insurance Advantages
If your vehicle is damaged due to accident, fire, flood, landslide etc. Or if your car is stolen, then you will get compensation under Comprehensive Car Insurance.
Along with that, it also includes the benefits of third party insurance. Another person has been harmed by your vehicle. So there is also third party insurance to cover his damages. You can also add a separate add on cover to it.
Comprehensive coverage is also available in case of cracks in the brake ins and windshield of the car. If your vehicle has become a victim of a criminal offence. So you will be covered for the damages of your car under Comprehensive Car Insurance. Its cost is less as compared to collision coverage.
Comprehensive Car Insurance Disadvantages
Comprehensive insurance does not cover collision. Whereas if your car is old and its mileage is high. So it is not necessary to take it.
Along with this, if personal items have been stolen from your car, then comprehensive car insurance does not cover it. Nor does it cover the damage caused by pot holes. You will have to pay a deductible amount, if you want any financial help.
Who Needs to Get a Comprehensive Coverage Policy
When you buy a car worth several thousand dollars, you buy with your hard earned money. Therefore, you should invest in car insurance with great prudence and prudence. Hence investing in comprehensive car insurance would be a wise move.
If you feel that you cannot cover the cost of repairs and replacement of your vehicle. Then you must take comprehensive insurance. The average cost of comprehensive car insurance in the US is $1,700 per year.
If your driving history is clear, there have been no accidents and there are high deductibles, then you will get comprehensive insurance at a cheaper rate than other drivers. You should compare the rates of several companies and choose the best option.