Comprehensive Automobile Liability Insurance
What Does Comprehensive Automobile Liability Insurance Mean?
Comprehensive automobile liability insurance is a type of coverage that can be purchased as part of your auto insurance policy. It covers incidents involving your vehicle that are caused by unpredictable elements or events other than collisions. This includes incidents that occur whether your car is in motion or at rest. The coverage helps you repair or replace any damages to your vehicle that are covered by the policy. While this is optional car insurance, if you have an auto loan, you may be required to purchase comprehensive automobile liability insurance to meet the terms of your agreement with the finance company.
Insuranceopedia Explains Comprehensive Automobile Liability Insurance
Comprehensive auto liability insurance is a coverage introduced by insurers to expand the scope of automobile insurance beyond just collision-related incidents. It is considered an innovation designed to meet the growing demand for broader protection.
Comprehensive auto insurance covers a wide range of incidents that may cause damage to a vehicle, including fire, floods, theft, vandalism, and even damage caused by animals.
When obtaining a quote for comprehensive coverage, it is necessary to select a deductible amount. The chosen deductible affects the cost of the coverage. Comprehensive insurance covers repair costs as long as they do not exceed the vehicle’s original purchase price, minus depreciation.
