Rock Talk

Comprehensive Coverage: Hope for the best but be prepared for the worst

Last updated on October 29, 2019 at 01:00 pm

Some people are just luckier than others. Maybe you’re the sort of person – say, whose car gets crushed by a boulder – or maybe you’re not.

Either way, Comprehensive Coverage is something you should consider when selecting your car insurance coverage. Put simply, Comprehensive coverage covers damages to your car resulting from an event other than a collision – like a boulder falling on it.  The most common losses covered by Comprehensive coverage are fire, theft, flood, vandalism and windstorm.

Comprehensive coverage is optional and therefore not automatically included in an insurance policy, but if you have a car loan your lender may require you to carry it. You should consult with an independent insurance agent to determine the costs and benefits of comprehensive coverage. The cost typically varies depending on your car’s year, make and model, your deductible amount and other limitations.

For a more comprehensive explanation of this type of coverage – or if you’re curious about any other confusing insurance terms – you can explore our Online Dictionary of Insurance Terms & Definitions.

Click here for more information about insurance in your state.

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