When purchasing a new insurance policy for your vehicle, one of the decisions you will have to make is whether or not you want to purchase comprehensive and collision. Comprehensive and collision are also known as “full coverage” insurance. It is designed to help pay for the damages to your vehicle no matter what happens. Collision coverage covers the damages to your vehicle regardless of who was at fault for the accident. Comprehensive insurance covers all non-collision perils like theft, weather damage, and even animal damage. Here are four reasons why you should consider purchasing comprehensive insurance for your vehicle.
Comprehensive Insurance Protects Your Investment
Cars are a big financial investment. First, they cost a lot to purchase. Then they require a lot of care and maintenance costs. If your car is stolen or damaged, you will lose all of the money you invested in your vehicle. However, if you have comprehensive insurance, you will be able to recuperate that money when you file a claim. Then you’ll be able to replace your vehicle and protect your financial investment.
Comprehensive Provides Financial Security
Insurance is designed to help protect us when something bad happens. Events like a vehicle theft or a tree falling on your car can not only cost you money but can put your financial security in jeopardy. Most of us use our vehicles to get to and from work, if we do not have a vehicle, we may be at risk of losing our jobs. Further, to replace a vehicle we may have to tap into things like our retirement savings to replace the vehicle. If you have comprehensive coverage, your financial situation will stay secure.
Comprehensive Protects Against The Unexpected
We could live in the safest neighborhood, drive on the safest streets, but things can still happen. No one ever plans to have something bad to happen, it’s not really possible since it is almost always unexpected. Comprehensive is a way to protect against the unexpected, a way to plan when you aren’t sure what’s going to happen. Comprehensive insurance will also make it so when something bad does happen like your vehicle getting stolen, less of hardship because you’ll be able to replace your vehicle.
Comprehensive Insurance Gets You Back On The Road Quicker
We need our vehicles to get to and from work, pick up our kids from school, and run to the grocery store. When you have comprehensive insurance and your car is damaged, you’ll be able to get back on the road faster. That way when something bad happens, it doesn’t cause a complete upheaval in your life. You can file a claim, get your vehicle repaired, or purchase a new one and get back on the road asap.
Comprehensive insurance is excellent coverage to consider. It offers a lot of benefits and protection. If you’d like to learn more about comprehensive insurance or any of the other auto insurance coverages available, give our experts at Panorama a call. We’ll review your needs and help you select a policy that is right for you.