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What is comprehensive auto insurance?

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Wiki User
2011-01-13 22:22:12

If you are in the process of quoting auto insurance, chances are

the term comprehensive coverage has come up quite often.

Comprehensive auto insurance coverage is a coverage that will pay

to repair or replace your vehicle in the event of a covered loss up

to the fair market value of the vehicle. Covered losses that fall

under comprehensive include: fire, theft, vandalism, hail, and wind

damage. Falling objects and hitting a live animal also fall under

comprehensive. If you are financing your vehicle, you will be

required to carry both comprehensive and collision coverages to

satisfy lender requirements. The state does not require

comprehensive or collision coverage.

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