Comprehensive insurance is a type of insurance coverage that protects you from various risks and damages. It covers things like theft, vandalism, natural disasters, and accidents that are not your fault. So, it offers more extensive protection compared to basic insurance policies.
Full definition
Thus, with
comprehensive insurance policy on your side, you get complete peace of mind that whatever happens to your vehicle on the road, your insurance company will share your financial losses.
The plan provides
comprehensive insurance cover to the borrowers of the institution and offers to pay off the principal loan outstanding in the event of death of the insured borrower.
One can opt for
comprehensive insurance plan which provides compensation in case of damages to own vehicle, third party vehicle and property.
The individual owner of the vehicle must opt
for comprehensive insurance cover that will compensate for every possible risk associated with the car.
Understanding your risks and how you can mitigate the damage
with comprehensive insurance policies that include enough coverage for fire damage can save you considerable stress and financial hardships.
If you are unsure about your current level
of comprehensive insurance coverage you should review your insurance contract or contact your insurer to determine what level of protection you receive.
If this is your situation, you still might want to cover that trailer with
comprehensive insurance in the event that it is severely damaged by a storm or some other unexpected event.
Though only the latter type of coverage is mandatory, it is advisable that one invests in
comprehensive insurance as well to cover all grounds.
It is advisable, however, to purchase
comprehensive insurance if the driver lives in areas where weather related events are more likely to happen.
Moreover, insurance companies try to settle claims for as little money as possible or may only cover drivers who
carry comprehensive insurance coverage.
For example, if you live in a big city, it might be wise to carry a lower deductible on
comprehensive insurance which covers damage due to theft and vandalism.
The decision of whether to
buy comprehensive insurance coverage depends on how much your insurance company charges, what deductible you can afford and how much your vehicle is worth.
While
comprehensive insurance does cover damage from a break in, and when your car itself is stolen, it doesn't cover personal items that are stolen from your car.
→ Loss assessment coverage (strata only coverage) If you live in a condo you'll be happy to learn that
most comprehensive insurance policies offer loss assessment coverage.
This plan also offers limited coverage for emergency medical expenses and travel delays, and customers can easily upgrade to
more comprehensive insurance plans if they decide they want extra protection before their trip.
Since its inception in the year 2001, the company has been providing
comprehensive insurance products & solutions that are not only benefit - driven, but are competitively priced too.
Collision insurance will compensate you for damages to your vehicle no matter who is at fault, and
comprehensive insurance protects against all kinds of damages including natural disasters and theft.
Which is why most insurers offer discounts of up to 35 percent on
comprehensive insurance premiums to policyholders who have an approved theft protection system installed.
Comprehensive insurance helps pay to repair or replace your vehicle if it's damaged by something besides a collision, including theft, fire, vandalism, or hitting an animal.
Many insurance companies give package deals when collision insurance is purchased with other policies
like comprehensive insurance or liability insurance.
If your vehicle is new, particularly valuable, or you could not afford to repair or replace it if necessary, you might want to consider purchasing collision and
even comprehensive insurance.
The program also provides
comprehensive insurance benefits for trip cancellations and interruption in unavoidable situations like job loss, harsh weather or a death in the family.
Phrases with «comprehensive insurance»