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There are various types of insurances that insurance agencies offer to automobile drivers. Collision insurance and no-fault insurance are just two examples of some insurance types offered. Often, when we think of car insurance we jump to car accidents and collisions. However, those aren’t the only risks of damage to your car, and that’s what comprehensive policies for insurance aims to cover. 

What Is It?

Basically, this insurance policy aims to cover any damages to your car or vehicle that didn’t come from a collision or accident. This coverage was created to pay for these other possible damages that you might not expect. Some insurance companies may require you to purchase this insurance for newer, financed vehicles. Financed vehicles are more likely to require more insurance coverage for the auto loan dealer to provide the loan. 

Car submerged in flood water in parking lot

What Does It Cover? 

The main 3 components of any automobile insurance policy are comprehensive, liability, and collision insurance. However, most states only require drivers to have liability coverage and make comprehensive and collision insurance optional. 

Collision insurance addresses damages to vehicles in an accident, while liability insurance addresses injuries to persons in an accident. A comprehensive policy looks to cover anything else that might happen to your car resulting in damages. 

Some things that comprehensive policies can cover are:

  • Vandalism
  • Car theft and car part theft
  • Damage from natural disasters
  • Fires
  • Fallen objects
  • Minor damages (if your insurance company offers)

Why Choose Add Additional Coverage?

Liability insurance is required by most, if not all, states for active, licensed drivers. Again, it aims to cover and help pay for any injuries that happen during a vehicle accident or collision. Driving without this insurance is very risky and can result in hefty fines and possible legal action. 

Woman showing man in car papersCollision insurance addresses damages that occur when on the road, whether from another vehicle, an object on the road, or even a car rolls or flips, damaging itself. Most people will choose this type of coverage as well, even if not required. It’s a good idea to add collision insurance to your automobile insurance policy whether it’s required by your state or not. Collision insurance will help you greatly in any unfortunate circumstances you could not predict. Collision insurance is a good example of “better to have it than not need it, than to need it and not have it.” 

A comprehensive policy for your insurance is another option to add and comes with some more pros and cons than the other two, since it’s not regularly required. Again, the great thing about this insurance policy, that we had already mentioned, is that it addresses any damages to your vehicle away from car accidents and collisions. 

Our vehicles endure a lot of wear and tear on a regular basis and are just as susceptible to accidents and random damage, just as anything else might be. Comprehensive policies are appealing because they aim to cover anything that may cause damages to your car or vehicle. This is great for unpredictable events, like natural disasters, which would otherwise leave you stressed without any sort of coverage. 

However, there are also some cons that come along with this insurance coverage as well. Obviously, this insurance won’t cover any damages to your vehicle coming from a collision or accident, because that’s what collision insurance is for. However, having both comprehensive and collision policies on your insurance can be costly and expensive, which is why most people tend to choose between one or another. Comprehensive policies for auto insurance also tend to be more expensive for older vehicles with high mileage and many older car owners don’t think it’s worth the cost.

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