What Does Comprehensive Insurance Cover? | OK Carz

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Why You Should Consider Comprehensive Insurance on Your Car

Comprehensive insurance isn’t required in Florida, but you may wonder if it is really worth purchasing. While you may never have to use comprehensive insurance, it is a good idea to purchase this insurance, especially if your car is of high value or if you live in an area prone to natural disasters. Here, we will explore everything that comprehensive insurance covers as well as how it works.

[ READ MORE: What Information Should I Exchange After a Car Accident? ]

Damages Covered with Comprehensive Insurance

  • Car theft and/or vandalism
  • Fire
  • Damages caused by a storm or other natural phenomenon, like hurricanes, hail, tornadoes, or earthquakes
  • Falling objects, like trees or tree limbs
  • Destruction due to civil unrest or riots
  • Hitting or getting hit by an animal (deer is most common)

Overall, it’s important to remember that comprehensive insurance covers damage to your vehicle as a result of something beyond your control. Comprehensive insurance does not cover medical expenses for you or others. It also does not cover your vehicle if another car is involved, you swerve and hit an object like a tree or building, or the vehicle rolls over.

How Comprehensive Insurance Works

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Let’s say you must make a claim as a result of one of the above causes. How does it work? First, you must have comprehensive insurance before the incident occurs. Adding this coverage after the damage is done won’t do you any good for that particular incident.

Next, file a claim with your insurance company. You will need to first pay your deductible and your insurance company will take care of the remaining amount. Typically, though, there is a cap to the amount of cash insurance companies will pay out. Usually, it caps at the depreciated value of your vehicle. For example, if the market value of your car is $3,000, your insurance provider likely won’t pay any more than $3,000.

Also note that coverage may vary depending on the insurance provider. It’s always a good idea to research what each provider will cover and choosing based on the coverage and cost of insurance. If you have any questions about your comprehensive insurance, ask your insurance company.

[ What to Do After a Car Accident | Follow the OKCarz Blog ]

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