Unlike liability coverage, comprehensive and collision auto insurance are not required by law. The protection they offer, however, is worth considering, particularly if you own a vehicle of considerable value. Understanding how these two types of coverage work will enable you to make a wise decision concerning this protection. At the Select Insurance Agency, Coppell, TX, we can answer any questions you may have about this coverage to fulfill your insurance needs.
Collision Insurance
Collision insurance is pretty straightforward: it covers the cost of repairs to your vehicle if you collide with other vehicles or stationary objects (a tree, telephone pole, etc.) If you are at fault for the accident, you can claim collision coverage for damage to your vehicle. If another driver were at fault, his or her liability insurance would cover your vehicle repairs.
Comprehensive Insurance
Comprehensive insurance kicks in where collision coverage leaves off. It covers your vehicle repairs or replacement due to damage caused by:
- Theft
- Flood
- Fire
- Natural disasters
- Explosions
- Falling objects
- Animal contact or
- Civil disturbances
Comprehensive and collision coverage are optional, and you can choose one or the other to suit your needs.
Costs
Many drivers shy away from the collision and comprehensive coverage due to their cost. Coverage prices vary, however, depending on the value of your vehicle, where you live and your driving record. New car owners would do well to retain this coverage to protect their investment. If you own an older vehicle and have the financial means to cover repair costs in the event of an accident, forgoing this coverage would reduce your insurance premium.
If you’re interested in adding one or both of these insurance options to your policy, contact us at The Select Insurance Agency in Coppell, TX. We can help you find coverage options within your financial means.
