Comprehensive Coverage

Comprehensive coverage (sometimes called “other than collision”) typically pays for damages on covered costs that aren’t caused by a collision.

Comprehensive Coverage 101

It can be tempting to think of auto insurance as accident insurance or liability coverage. But the fact is that comprehensive insurance is also important, protecting you from things that can damage your car but aren’t accident-related. And that’s a pretty long list, things like:

    • Storms and natural disasters like tornadoes, hurricanes, and earthquakes
    • Vandalism and theft
    • Broken/shattered windows and windshield
    • Animal damage
    • Falling objects

Finding the Right Comprehensive Coverage

Probably the most important thing to consider when choosing your deductible is your wallet. If you wake up one morning to find out that a giant tree limb crushed your car’s roof or your car has been stolen, how much are you comfortable paying out of pocket? Fortunately, the range of deductibles you can choose is extremely wide—all the way from $0 to over $1000.

Remember that a higher comprehensive deductible will lower your overall premium, but those savings potentially come at a cost. Ask yourself how much you’re able or willing to pay out of pocket, and adjust your comprehensive deductible to fit your appetite for risk.

When thinking about your deductible, remember this: the maximum amount comprehensive coverage pays out is the actual cash value of your car at the time of damage. So if your car’s cash value is close to your deductible (maybe it’s pretty old or beat up), comprehensive coverage may not be right for you. Even if that giant tree limb totals your car or the police don’t recover your vehicle, the amount the insurance company will pay (the car’s actual cash value) won’t be much.

Comprehensive Coverage is a Part of Your Premium

Since vehicle damage is one of the most common insurance claims, comprehensive coverage is typically a key portion of your premium. To gain the greatest control over your premium costs, focus on finding your deductible sweet spot, discussing your coverage options thoroughly, and aligning your comfort level for potential out-of-pocket expenses with your policy’s actual premium.

 

Your best choice for insurance

The first right decision in protecting all of your assets is finding an insurance agent who understands YOU and your family. We pride ourselves in taking the time to discuss your needs to ensure that you don’t find a gap in coverage when you need it most…something that can’t always be done in 15 minutes and is too important to rush. Make sure you and your family are fully protected and call us at 407-977-5700 or email any time at robert@wurzelagency.com.

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