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Chapter 8: Problem 23

What does comprehensive coverage pay for?

Short Answer

Expert verified
Comprehensive coverage pays for damage to your car that is not a result of collisions. This includes damages from fire, theft, vandalism, natural disasters, falling objects, or hitting an animal. It doesn't cover medical bills or damage to other people's property.

Step by step solution

01

Definition of Comprehensive Coverage

Comprehensive coverage, in the context of auto insurance, refers to an optional coverage which helps pay to repair or replace your vehicle if it's damaged by something other than a collision. It is sometimes referred to as 'other than collision' coverage.
02

Comprehensive Coverage Application

Different scenarios under which this coverage may apply include when your car is damaged due to fire, vandalism, theft, natural disasters such as hurricanes or earthquakes, a falling object (like a tree), hitting an animal or bird, and even from civil disturbances, like a riot that results in damage or destruction to your car.
03

Claims and Deductibles

For comprehensive coverage, a deductible typically applies. A deductible is the amount paid out of pocket by the policyholder before an insurance provider will pay any expenses. It's also important to note that comprehensive coverage does not cover any medical bills or damages to other people's property, you鈥檒l need different types of coverage for those situations.

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