What is covered?
Comprehensive Coverage covers damages to your vehicle that are not the result of your vehicle overturning or colliding with another object or vehicle. This includes loss to your vehicle from incidents including vandalism, hail, theft, or contact with an animal. This coverage will only apply to vehicles listed on your policy for which you have selected a Comprehensive Coverage deductible.
What does it pay?
This coverage pays expenses for damage to your vehicle not caused by collision that exceed the deductible that you select. You will be required to pay your deductible if your vehicle sustains damages that fall under this coverage. The remaining expenses will be paid by your insurance company, at their discretion.
If your vehicle is totaled and the damages fall under Comprehensive Coverage, you will be reimbursed for the Actual Cash Value (ACV) of your vehicle, less your deductible.
Actual Cash Value
The actual cash value of your vehicle is its true market value. This is determined by the year, make, model and condition of your vehicle.
Why do I need this?
If you have a bank loan on your vehicle or a leased vehicle, you are usually required to carry this coverage. You should also select this coverage to ensure less out of pocket expenses.
You hit an animal while driving home from work. You have a Comprehensive deductible of $500. You will be required to pay up to $500 for the damage to your vehicle. The rest will be paid through Comprehensive Coverage.
Your coverage limits, deductibles, and certain exclusions may apply. Please read your auto insurance policy for details.