 |
Comprehensive and Collision |
 |
Comprehensive and Collision |
Do I need comp and collision on my auto insurance policy?Comprehensive and collision are two kinds of coverage that can pay for physical damages of your car, from repairing dents and fixing scratches to full blown repairs, even car replacement. Comp and collision coverage is not a mandatory part of state auto insurance requirements. They are optional coverage that you, as a driver or car owner, can add to your car insurance policy for the main purpose of protecting your vehicle (and limiting your out of pocket expenses). Liability coverage required by most jurisdictions doesn't include coverage for your car or vehicle -- it covers damage done by you to vehicles and property owned by other people. It's for their protection, not yours. If your car is damaged by another person, and the damage is their fault, the repairs will be covered under their policy. However, if you are in an accident that is your fault, you are responsible for the costs. In case of accidents or other causes of damage to your vehicle, if you want to be able to file a claim for damages to your car, comprehensive and collision coverage is something you will need to have. You can either opt to include comprehensive policy coverage only, or collision policy coverage alone, or both. If your car is not fully paid for, and you owe money to a bank or lender, you may be required to have comp and collision coverage on your vehicle, whether you want it or not. What's the difference between comprehensive and collision coverage?There is actually quite a difference between comprehensive coverage and collision coverage, but what are they exactly? Comprehensive coverage is also often referred to as “other than collision.” As the term implies, it's an auto coverage addendum that pays for damage caused by factors other than a car crash or collision. Comprehensive vehicle coverage may include damages caused by fire, animals, flood, car damage due to theft like glass breakage, and even natural occurrences like dents or breakage caused by a hail storm. Many people take advantage of a comprehensive coverage because of the broad range of things that are covered, with regards to things that are out of ones own control. For example, since weather damages on cars are very common, in the long run paying for the additional coverage may be less expensive for paying for the repairs. On the other hand, collision coverage pays for damages incurred when your vehicle runs over or is run over by another vehicle, pothole damage, or when you car hits or slides into an inanimate object like a post or a block of ice. Collision coverage comes with your preferred deductible. Getting comprehensive and collision coverage on top of your liability insurance is the best protection you can get for you and your car since each policy has its own purpose and finding a great car insurance company is key. Prices for comp and collision coverage will depend upon the age and value of your vehicle. The most ideal coverage is something that repairs or even replaces your car whenever you file a claim. Comprehensive and collision coverage requirements vary from state to state. When you speak to one our licensed auto insurance agents, you will be given car insurance coverage information and options that are in accordance with your state's regulations. Give us a call and let's talk about your vehicle insurance needs, we make sure to get you to a highly experienced and licensed auto insurance agent that can answer all your queries, provide you car insurance options according to your needs and budget, and explain honest details about your preferred policy coverage. Car Insurance in Lyme New Hampshire: Car Insurance AgencyAuto Insurance in Lyme New Hampshire: Auto Insurance Agencycomp and collision Auto Insurance in Lyme New Hampshire: comp and collision Insurancecomprehensive and collision Auto Insurance in Lyme New Hampshire: comprehensive and collision Insurance |
|
