When most consumers hear the terms comprehensive and collision, they can be confused about what they mean. Your friendly agents at Slaughter Insurance Agency in Quinlan, TX, hope to simplify these concepts to help you make informed decisions about protecting your vehicle.
When financing or leasing a new vehicle, dealerships and finance companies require you to purchase "full coverage" insurance before driving the vehicle off the lot. When they speak of full coverage, they refer to comprehensive and collision coverage.
What is Collision Coverage?
Collision coverage pays for repairs to your vehicle if you collide with another car or object, such as a building or tree. If the other driver is at fault, their liability insurance will pay for your repairs, and you won’t need to file a collision claim on your insurance policy. However, you can use your collision coverage if you’re at fault or involved in a single-car accident. It will pay for your repairs, minus the deductible, up to the total value of your vehicle.
What is Comprehensive Coverage?
Often referred to as "other than collision" coverage, comprehensive coverage helps repair your vehicle if you collide with an animal or if there is a fire, flood, theft, vandalism, hail, or falling object incident. Comprehensive coverage covers almost every type of incident other than a collision unless otherwise listed in your policy. Like collision coverage, comprehensive also covers damages, minus a deductible, up to the total value of your vehicle.
Let Us Help You Today!
If you have any questions about comprehensive and collision coverage for your vehicle and would like more information, call us today at Slaughter Insurance Agency in Quinlan, TX. Our number is (903) 356-6500. We would be more than happy to assist you in any way we can.
