What is Comprehensive Car Insurance? Your comprehensive car insurance policy, otherwise called collision coverage, will pay for all costs associated with damages to your vehicle for non accident related incidents. For instance, if you get hit by a car while traveling on a bicycle path, your policy will cover the expenses associated with repairs and medical expenses.
With comprehensive coverage you also have protection against lawsuits. This is particularly helpful for drivers who are victims of a car accident because it allows them to receive financial compensation from the party whose car caused the accident. For instance, if the driver of the car you struck sued you, your insurance company will cover your legal expenses in court.
Many insurance companies also offer added benefits to their policyholders to encourage them to purchase a more comprehensive type of insurance policy. For instance, some companies may cover you for theft of the car, theft of your personal belongings, and even for accidents that happen while driving your vehicle while intoxicated.
When looking for comprehensive car insurance, you should compare the cost of a basic policy with the amount of money you would have to spend if you were sued. Also, think about what is covered under your comprehensive policy and what is not. For example, many comprehensive policies will include comprehensive damage protection, which pays you for any repairs that you make to your vehicle because of an accident.
Another thing to consider when purchasing comprehensive coverage is whether or not you will be able to deduct the full cost of your policy on your taxes. Some states will only allow you to deduct part of your comprehensive cost while others will allow you to deduct your entire deductible on your tax return. For example, in the state of New Hampshire you can deduct only the deductible on the state’s standard personal injury insurance policy which is equivalent to the amount of your policy.
Many people consider comprehensive insurance as optional extras that they do not need. However, if you own a vehicle and do not feel safe on the roads, comprehensive insurance is a necessity. In addition to the benefits outlined above, your comprehensive coverage will also cover other important things such as the loss of your vehicle in a fire, vandalism, and theft.
If you have an older car, or are a resident of a rural area, it is important that you consider getting a comprehensive car insurance policy. In these areas, the state does not require the installation of an automobile tracking system on a vehicle to determine the speedometer or if it is in good mechanical condition. This means that if the vehicle is stolen, it may take much longer to track down the vehicle and bring it back to the road.
Comprehensive auto insurance will pay for any repairs that your vehicle may need and also pay for any property damage incurred as a result of a collision. You will also have peace of mind knowing that you have adequate coverage if your vehicle is involved in an accident. It will also give you peace of mind if you or a family member is injured because of an accident.
Many people do not realize that comprehensive car insurance does not just cover damage to their car, but it also covers other vehicles. Many drivers drive more than one vehicle, so if their car is involved in an accident, they will have to pay for damage to all of their cars. If you are a trucker, you will also have to pay for damage to your vehicle if it is damaged due to a collision with another vehicle. If you own a boat, this type of coverage will cover any damage that it may receive from storms.
No matter how safe your driving record is, if you are involved in an accident that is not your fault, you can count on comprehensive car insurance. Even though you may have had accidents in the past, if you do not have comprehensive coverage, you may have to pay some or all of the repair costs yourself or have to pay out-of-pocket for it.
Comprehensive insurance has a number of advantages. For example, it covers you if you suffer a traffic accident and are involved in a vehicular accident, and you may have to replace your car if it is totaled. Additionally, it protects you if you are sued by a driver that you have a previous traffic ticket with, and it covers any personal injury claims you might receive in court.