subject: What You Need to Know Before You Buy Comprehensive Insurance [print this page] What You Need to Know Before You Buy Comprehensive Insurance
Liability and property coverage provides for protection from the "other guy" in the accident, but it does nothing for the driver or the damaged auto. For this reason, many people add at least a collision clause and often elect a comprehensive clause as well. Collision coverage provides for insurance coverage on the driver's car in the event of an accident, even if the driver at "at fault".
These clauses usually offered by car insurance for company normally have a deductible amount, such as $100. Such a deductible would require the insured to pay the first $100 in collision damages before the insurance policy protection could be exercised. The deductible is designed to discourage petty claims and to help reduce the cost of the insurance. A comprehensive coverage clause protects the automobile owner from any loss or damage except collision or accident. Thus, fire damages, theft, explosion, and vandalism are covered by this clause, and there is normally type of coverage.
Many items are excluded by the policy, and often the items. For example, many companies and other rental car insurance company do not cover theft of tape decks, CB radio, or other electronic add-ons. Similarly, some policies do not cover "mag wheels" or other custom touches the owner has added to personalize the auto. Several states have moved into a contemporary area of automobile insurance known as "no-fault". The concept here is that each insured party will collect from his or her own car insurance company in the event of an accident without regard to which party was the cause of the accident.
Finally, the buyer needs to shop carefully before deciding to purchase comprehensive insurance coverage. Nowadays, there's also online car insurance company that will give you reasonable offers and their services are available online for more convenience. You can do your search anytime.
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