Gigi Keller, Negosentro | Car owners must make several decisions over their vehicles’ specifications, such as: What brand of gasoline will give me the best mileage for its cost? How dark should the window tints be? Should I keep the leather upholstery bare or cover it up? What kind of gadgets will make my driving experience better? One of the important decisions for every car owner is the type of insurance that will cover their vehicle in case of accidents and other unforeseen troubles.
One of your options is called a “comprehensive car insurance”. Truth be told, many drivers are intimidated by how it sounds – especially if they are first-time car owners or non-car enthusiasts – but experts will tell you that it’s actually a big deal for many car owners everywhere.
The Insurance Services Offices (ISO) states that there are two main categories of covered physical damage losses, including collision damage losses and losses other than collision. These two categories are referred to as a “collision coverage” and a “comprehensive coverage”. The comprehensive car insurances cover several perils, depending on what the insurer has indicated. The most common incorporations are third-party, fire, theft, and accidental damage, but the benefits vary between insurers, which makes it imperative that you find out what yours cover (or will cover).
A surprising note about comprehensive car insurance is the fact that it can be cheaper, or just as cheap, as that of a third-party insurance. This can be brought upon by a rise in third-party policies with so many people availing of it that makes the overall cost of that cover to rise. This is, still, a case-to-case basis and may be different for other third-party policies or comprehensive car insurances, so it pays to do extra research on what you’re getting.
Learn more about comprehensive car insurances by checking out this infographic by iChoose.ph: