November 22, 2009

The Details Of Comprehensive Physical Damage Coverage

Comprehensive physical damage coverage is one of the three auto insurance policy coverages that, combined with collision insurance, fire and theft coverage, and combined additional coverage, essentially makes up the physical damage auto insurance package. It works to protect your car in cases of theft, fire, windstorm, vandalism, glass breaking and a lot more. If you have this coverage, your auto insurance company will either pay to restore or replace the vehicle. Damage caused by collision with another vehicle or object is not included as it falls under another type of coverage. it is definitely something to pay attention to when examining an auto insurance quote.

Comprehensive physical damage coverage is vital if you really want your vehicle protected and secured against almost all types of damages – with the exception of collision accidents. Comprehensive insurance coverage is required if your vehicle is leased, but if it is wholly paid, comprehensive is not mandatory. Regulations regarding comprehensive coverage vary among states. In many states, not all vehicles are eligible for comprehensive physical damage coverage. And for these ineligible vehicles, the fire and theft with combined additional coverage can be purchased in lieu of the comprehensive coverage. With comprehensive coverage the insured is also required to get a deductible. The more money you shell out for the deductible, the less insurance premium you will have to pay.

Though your vehicle will be protected against many types of damages, several policy exclusions must be noted when purchasing comprehensive coverage. For example, if the vehicle is destroyed or confiscated by the government authorities due to a family member’s involvement in an unlawful activity, the coverage won’t be viable. Other exclusions are stereos, radios, tape decks, CD players or other electronic apparatus that are not permanently set-up; also. This also includes other electronic gadgets like telephones, two-way radios, personal computers, scanning monitor receivers, discs and tapes or some other medium utilized in conjunction with other electronic gadgets. In addition to electronics, various other articles of furniture will likely not be covered due to their temporary relation to the car. These may include, furniture, extraordinary carpeting, cooking and sleeping facilities, paintings, a trailer or a camper body that is not included on the declaration page of your auto insurance policy, and cabanas, awnings or devices intended to build extra living amenities.

It should be noted that not all auto insurance companies and auto insurance coverage are the same. It is vital to thoroughly study different features of each company, shop online and research more on the particular auto insurance coverage you are thinking of purchasing. Carrying comprehensive insurance coverage will make it easier for you to deal with misfortune when it befalls, when the unexpected happens or when your vehicle is left to the mercy of forces beyond your control.