Comprehensive Car Insurance

Comprehensive Car Insurance is very similar to collision insurance, except comprehensive covers damage to the car caused by an unknown party or an act of God.  Examples of damages covered by comprehensive insurance include fire, flood, theft, vandalism, or even objects such as tree limbs striking the car.

Comprehensive insurance will cover repair costs up to the fair market value of the automobile.  The policyholder will also be responsible for any deductible identified in the insurance policy.  For example, if the comprehensive deductible is $250, then the policyholder will pay the first $250 of any repair amount.

Drivers are not required to carry comprehensive insurance on a car; however, if a loan or lease exists on the vehicle, it is very likely that comprehensive insurance will be required until the loan has been satisfied, or the lease is terminated.