You about to read 5 key benefits of Comprehensive Auto insurance first written by Amy Danise on Forbes.com. Amy is an editor at NerdWallet.
Topic Keyword: Benefits of comprehensive car insurance, Car insurance, Comprehensive auto insurance, comprehensive car insurance
Comprehensive auto insurance sounds much like a great deal. After all, who won’t welcome the idea of actually getting an insurance policy that’s comprehensive?
Fortunately, comprehensive auto insurance will pay to fix few things that are well defined. Though problems which comprehensive car insurance hopes to fix are quite expensive.
Here are five important reasons why you should go for a comprehensive auto coverage.
Benefits of Comprehensive Car Insurance
- Comprehensive auto insurance will replace your car if it’s stolen.
Can you afford to get another automobile or car like the one you are currently using if yours was stolen and not recovered? If your answer to this question is no, you should probably think of getting a comprehensive auto insurance coverage.
Understand that the standard comprehensive coverage doesn’t replace your brand-new car, it only reimburses you for the value of the one that was stolen. To find out your car’s current value, visit http://www.nadaguides.com.
- Comprehensive auto insurance pays to repair weather damage.
Golf ball-sized hail could leave dents all over your car. Or a tornado could pick it up and drop it a few houses down. Comprehensive coverage pays for car repairs due to either of these scenarios. If your car is totaled by a weather-related event, your insurer will issue you a check for its value.
It pays to repair flood damage.
Water can destroy your vehicle’s mechanical parts and upholstery — and if there’s enough damage, it could be considered totaled. This is when comprehensive coverage would kick in. Think this is a far-fetched problem? About 20% of flood insurance claims come from areas considered low or moderate risk, according to the National Flood Insurance Program.
- It pays to repair damage from animal collisions.
This is one of the many ways in which auto insurance can be confusing: “Collision coverage” doesn’t pay to repair damage to your car if that collision is with an animal. That scenario falls under comprehensive coverage.
Deer strikes tend to get the most attention, but your car could be severely damaged by a collision with another wild animal, such as a moose, a large domestic animal, such as a dog, or even livestock.
If you’d want insurance to pay for your smashed fender, dented hood and broken windshield, you should buy comprehensive coverage.
- It pays to repair fire damage.
Roadside car fires are a staple of morning traffic reports, and they’re inevitably accompanied by rubbernecking delays. But if this happens to your car, comprehensive insurance would pay to replace it.
Comprehensive coverage also pays to repair damage caused by vandalism or falling objects, such as tree branches.
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