What is comprehensive auto insurance?
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.