First things first, is Comprehensive Insurance something useful? Short answer… YES! And here’s why. Comprehensive Insurance coverage protects you from any damage or loss to your vehicle caused by a collision, fire, malicious acts and very importantly theft. This type of insurance coverage makes sure that you are put back as close as possible to the position you were in BEFORE the incident.
Comprehensive Insurance is really a smart investment, and for a little extra you can also enjoy some additional benefits like Roadside Assistance, Flood Coverage or Loss of Use. And if you are wondering what happens if you are responsible or liable for an accident, Comprehensive Insurance also covers the damage to the other person's vehicle, or property and bodily injuries arising from the accident, up to the amount stated on your policy.
If your car is stolen, you can be reimbursed for its market value or the insured amount, whichever is lower.
This covers damages incurred in the accident.
Damage caused by intentional acts like keying, graffiti, or broken windows are covered.
Hurricanes, floods, and earthquakes are all included.
You’re protected against vehicle fires, whether caused by accident, arson, or mechanical failure.
Damage from tree branches and even debris from construction sites.
Damages incurred from animal impact.
This covers repair or replacement of cracked or shattered windscreens.
Medical expenses incurred because of a collision. The policyholder, passengers and potentially third-party individuals are covered.
You may also be wondering if Comprehensive Insurance is necessary. No, it isn’t but it is highly recommended, as a vehicle is an asset that you have invested in and should something happen to it, you don’t want to be left out of pocket by having to use your cash/savings to repair the vehicle yourself. Also bear in mind that lenders providing the financing for your vehicle, will require that you do have Comprehensive Insurance.
And finally, that million-dollar question, is Comprehensive Insurance affordable? Well, the cost varies and is determined by several factors including: the value and type of your vehicle, your age and age of regular drivers, driving and accident history just to name a few. Truth is, Comprehensive Coverage gives you peace of mind because it provides coverage for your damages as well as a potential third party... comprehensively �� but check our Third-Party Coverage and decide which is a better fit for you.
