Car Insurance Basics - Understanding Comprehensive Auto Insurance
LOS ANGELES, Dec. 29, 2018 /PRNewswire-PRWeb/ -- Cheapquotesautoinsurance.com has released a new blog post that explains the main events covered by comprehensive car insurance.
Comprehensive coverage will reimburse the policyholder in the following situations:
The car is damaged by natural disasters or animals - This policy was designed to cover damage not related to a collision. This includes damage caused by extreme weather phenomena, like hurricanes, hails, floods, fires, landslides, earthquakes, etc. It also provides coverage if the car is damaged by animals. Without this policy, the car owner will have to pay from his own pockets if the car is damaged after hitting a deer/boar or by a rampaging bear.
The car is vandalized or set on fire by rioters - Riots and gang wars are causing numerous concerns to people living in neighborhoods where these happen. And there have been many cases when cars were destroyed or vandalized during clashes. Comprehensive coverage will compensate the policyholder, should his car be damaged.
The car is stolen - This is the only policy that covers a theft scenario. If the car is stolen, then the owners must immediately report to the police and insurance company. The company will handle the situation and, if necessary, will reimburse the policyholder using the car's Actual Cash Value.
It is important to remember that comprehensive coverage also requires deductibles. The policyholder will select the value of the deductibles when purchasing coverage. This is the amount of money which the insured has to pay before the insurance company starts solving the claim. A high deductible will lower the premiums. The value of deductibles varies between $250 and more than $1500
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SOURCE Cheapquotesautoinsurance.com
