A comprehensive car insurance plan, also known as a full auto insurance plan, is the total package for insuring a vehicle. This policy protects your vehicle from a vast array of risks and perils that can result in severe damage. Comprehensive car insurance features various types of coverage that protect the policyholder in the event of an accident or property damage. It also covers medical expenses in the event of causing bodily injury to another person in an accident.
This coverage offers financial security and peace of mind knowing that your car is adequately insured by the right amount of coverage. So, if you are a car owner, we strongly advise you to purchase comprehensive coverage.
How Does It Work?
As earlier said, comprehensive car insurance offers a wide range of coverage options that shield your vehicle in the event of an accident or damage incurred from natural disasters. Just like every other type of car insurance policy, comprehensive car insurance covers perils named in the policy; it pays for the expenses for repairing or replacing certain parts of your car when damaged.
On the other hand, the policyholder also has a part to play. You must pay the deductibles on your policy before your insurance company covers the remaining expenses.
What does Comprehensive Car Insurance Cover?
It covers a wide range of risks, offering protection to policyholders in the event of accidents that cause severe damage to their vehicles. Here is what it covers:
- Fire.
- Riots.
- Vandalism.
- Hitting an animal or objects lying on the road.
- Broken windshield.
- Earthquakes.
- Flood.
- Hurricanes.
- Falling objects.
- Theft.
For clarity, we advise that you read the fine print of your policy to have a better idea of what your comprehensive car insurance plan covers. You can also request information from your insurance provider if you are still unclear about the coverage on your policy.
What Is Not Covered?
Although this car insurance is designed to cover various types of risks, there are limitations to what the policy covers. It does not cover:
- War.
- Bombings.
- Accidents caused by DUI or DWI
- When caught driving without a valid driver’s license
If you are caught driving under the influence of alcohol or drugs, your insurance company will not pay for the bills incurred. You will be responsible for covering the fine and other expenses for driving under the influence of drugs or alcohol. In addition, a comprehensive insurance plan excludes coverage for collisions with another vehicle.‘
Advantages of Comprehensive Car Insurance
Thus car insurance offers several benefits to car owners who seek optimum protection for their cars. Highlighted below are some of the pros of the policy:
- It covers a wide range of risks and perils.
- The policy protects you against natural disasters, thefts, and other risks that are way out of your control.
- The policy is accessible and efficient.
These and many more are advantages of purchasing comprehensive car insurance. If you seek protection against unforeseen events like theft, fire, or a broken windshield, then you should purchase this policy.
Disadvantages
While comprehensive coverage offers numerous benefits to policyholders, let us also consider some of the downsides of this policy. Some of the cons are as follows:
- It does not cover damage incurred from potholes.
- It does not cover collision damage.
- Comprehensive car insurance will not cover personal belongings stolen in your vehicle.
When purchasing comprehensive coverage, it is important to weigh the advantages and disadvantages to know if it is the right choice for you.
Documents Required When Purchasing A Coverage
There are certain documents you need to have at hand before proceeding with the purchase of a comprehensive car insurance policy. Some of the documents include, but are not limited to:
- Vehicle registration number.
- Photograph of the car you are insuring.
- Engine number.
- Chassis number.
The documents may differ, depending on the insurance company you are buying the policy from. So, ensure you do your research and request the list of required documents and other information that would help expedite the process of the purchase.
FAQs
What are the benefits?
Generally, this car insurance offers the utmost protection for car owners who purchase the policy. One of the primary benefits of comprehensive car insurance is that it offers financial protection and peace of mind to policyholders due to the number of risks it covers.
How much does it cost?
Well, the cost of comprehensive car insurance varies significantly across many insurance companies. The price you will be charged depends on the insurance company and other factors such as the value of the car you’re insuring, your driving history, ZIP code, where the car is registered, etc.
To get an estimate of the cost of a comprehensive car insurance company, you can get quotes from different insurers and compare the prices. By doing this, you will be able to choose the insurance company that suits your needs and budget.