Motor insurance is an insurance policy that insures a vehicle and its owner. It is an important insurance policy and is required by law in certain states in the United States.
Want to know what comprehensive motor insurance covers?
I will show you what comprehensive motor insurance covers in this article and what it does not cover.
You will also get a basic understanding of what comprehensive motor insurance is about and some important reasons to purchase one.
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What is Comprehensive Motor Insurance?
Comprehensive motor insurance is an extensive car insurance option that typically covers a policyholder against damages caused by themselves and third-party liabilities.
This insurance plan protects you and pays for any losses that one may incur from any event excluding collision.
Unforeseen events like theft, fire, accident, civil unrest, vandalism, and so on that causes damages to an insured vehicle are paid for by comprehensive motor insurance.
Comprehensive car insurance or motor insurance as you may want to call it offers more coverage than third-party car insurance.
Despite the fact stated above, comprehensive motor insurance is not often more expensive than a third-party cover.
One fact that is quintessential is that comprehensive insurance cover for cars is the most important type of protection for your car.
This is because a third-party does not make any provision for your car except damages and liabilities for others and their vehicles.
Comprehensive insurance offers more coverage options and services and it is surprisingly cheaper in most car insurance companies.
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Why You Should Buy Comprehensive Motor Insurance
Here are some of the important benefits you gain from purchasing comprehensive cover for your vehicle.
Every coverage option you can think of is embedded in the comprehensive cover except for collision.
Most auto insurance companies offer collision insurance separately.
Comprehensive cover is offered by all insurance companies and it is the highest level of protection available to car owners.
Lawsuit and Liabilities Cover
With comprehensive cover, lawsuits and legal fees leveled against you as a result of an accident are taken care of.
Cover For Damages to Your Car
Frankly, this is what makes the comprehensive cover better than third-party insurance.
You enjoy cover for damages done to your car even by uninsured drivers.
Now let’s see what comprehensive motor insurance covers.
What Does Comprehensive Motor Insurance Cover?
One of the challenges faced by many who buy insurance is the lack of understanding of the provisions of their insurance policy.
Most times, the provisions and exclusions of insurance policies come as surprise to policyholders.
This dilemma is because people do not know what is contained in the policy document issued by the insurance provider.
It is expedient to have a grasp, an understanding of what your insurance policy covers, and what it does not.
This will help you know how and when to file claims and be sure you are getting the right coverage that meets your needs.
Comprehensive insurance covers for damages caused by:
- Falling objects
- Natural disasters
- Severe weather conditions
- Civil unrest and rioting
Having an understanding of what comprehensive motor insurance covers, it is also important to note what it does not cover.
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What Does Comprehensive Insurance Not Cover?
Any loss or damage that is caused by the following events are not covered by comprehensive insurance:
- Electrical and mechanical breakdown
- Drunk driving
- Driving under the influence of hard drugs
- Collision from someone driving without a valid license
- Vehicle wear and tear
- War and mutiny
- Tires and tubes
Comprehensive motor insurance is important for every car owner. It insures your car from the hazards of road usage and keeps you safe from unforeseen events.