What is collision and comprehensive on an auto insurance policy?
I am a licensed insurance agent. Comp is if your vechile is stolen, or damaged by something other than a car which you will have to pay the dec. Coll is if you get into a car accident and say the person did not have insurance then your coll would kick in. But in most cases there property damage will cover you depending on the state. I am from Florida and it is a no falt state so it doesnt matter. You need to check with your agent and see your dectibable. I would suggest uninsured motorist just in case they don't have insurance your medical will be paid. But that has nothing to do with the com/coll. hope it helped.Tammy
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What are the definitions for liability insurance medical payments insurance uninsured motorist comprehensive and collision for auto insurance?
Answer . Liability insurance: The coverage found on any auto policy that handles damage you cause to another person's property, either directly or indirectly with your car.. Medical Payments Insurance: Can be either Medpay or PIP. PIP -- or "personal injury protection -- is required in many stat…es, and essentially handles your medical bills in an auto accident, regardless of who is at fault. (summary:will re-attach your fingers if chopped off in a accident). Uninsured Motorist: Can be for either property damage or bodily injury, and essentially makes your carrier step in when the at-fault party is either uninsured or doesn't have enough coverage to handle all your damages. Most people have UMBI (for bodily injury), and mistakenly believe it covers property damage to their cars as well. It doesn't. (summary:will pay for your loss of income as you are an architect whos fingers were cut off and had to miss work for two months while in physical therapy). Comprehensive: A voluntary coverage that, along with collision, constitutes "full coverage" on a vehicle. This is for "non-collision" type accidents, even when you collide with an animal. Essentially, it's to protect your car when you aren't at-fault for a loss. Includes coverage for hail, flooding, etc.. Collision: Another voluntary coverage, which handles collisions or overturns involving your vehicle. This is triggered whether you're at-fault or not for a loss, in that it's specific to your vehicle colliding with another object or overturning. (MORE)
Comprehensive auto insurance covers theft, fire, vandalism, weather damage, riots, and other similar acts which may cause damage to a vehicle. Comprehensive auto insurance does not usually cover acts of God, theft or vandalism by family members or employees, contents of the vehicle, or damage due to… improper maintenance. Comprehensive is Fire, Theft, and Vandalism (and also if you collide w/ an animal) (MORE)
It really depends on the circumstances of the claim, and if you were at fault. If you were at fault, and you need to use your comprehensive/collision to pay for your damages you probably will be looking at a noticeable increase unless you are over 35 and have never had an accident it may only go …up by a few dollars here and there. If you weren't at fault but require the use of your coverage to pay for your own damages because the other person had no insurance depending on the severity you MAY be looking at an increase but depending on how much coverage you elected or how high your deductible is it may not increase. Like I said it varies from case to case and rules, regulations are a fluid thing often bent and not followed up with. There's no definite for every scenario. Hope this helps. (MORE)
How can you obtain collision and comprehensive auto insurance on a vehicle with a salvage title in NJ Can you insure it under your homeowner's policy?
Homeowners insurance does not cover vehicles used on public roads. It should not be a problem. Geico insures salvage cars, as do mostinsurance companies. Just remember the car is worth less as asalvage if it's re-totaled the actual cash value of the car isabout 40% less than a comparable clean titl…ed car. And it's easierto re-total the car a 2nd time since it's worth less, so minordamage may re-total it. Lesson: don't pay too much for salvage carsand don't get in an accident! **14Jun11- Just called Geico and they said will insure my SalvageTitle here in New Mexico, but will also allow me to addComprehensive to the policy. The company I am currently with will also insure the vehicle forliability but WILL NOT insure for comprehensive. The choice is to go without comp or switch companies. You decide! (MORE)
Answer . Comprehensive is Fire, Theft, and Vandalism (and also if you collide w/ an animal)
Cost . \nCompanies use rating symbols for various things. Normally the vehicle symbol for comp/coll is based on the new purchase price of the vehicle. The higher the number the higher the insurance will cost. Some companies have their own symbols assigned to vehicles while most use the ISO (Insur…ance Services Office,Inc.) standard symbol.They also use your age in rating and you marital status in pricing auto insurance. A symbol will be assigned your vehicle when new and can go down over time depending on the replacement cost of the vehicle. For instance ISO symbol for an Infinity M35 AWD is 22 for new cost but, 21 for a 2005 model. Another example is a symbol of 10 for some Ford Ranger pick ups while a symbol for most Mercedes are 27. (MORE)
Answer . It depends on the terms of the insurance and the type of damage to the vehicle. Contact your insurance agent for the terms of your insurance. In general, it should.
Collision coverage pays to repair or replace your vehicle if you are determined to be 'at-fault' (you caused the accident). Typically, a deductible (amount you pay out of pocket) applies to this type of coverage. The most common deductibles are $500 to $1000, but can be lower or higher. Comprehen…sive (also known as "Other Than Collision") coverage is usually included on policies with Collision coverage. It covers theft, vandalism, flooding, fire, animal damage, glass damage (not caused by a collision) and severe weather damage (hail, wind, tornado, hurricane, etc). If a vehicle is financed, both of these coverages are considered mandatory to protect the lender. Collision claims will usually cause your insurance rate to increase at your next renewal. Most insurers don't penalize you for Comprehensive claims because they weren't caused by your negligence. (MORE)
If you are in the process of quoting auto insurance, chances are the term comprehensive coverage has come up quite often. Comprehensive auto insurance coverage is a coverage that will pay to repair or replace your vehicle in the event of a covered loss up to the fair market value of the vehicle. Cov…ered losses that fall under comprehensive include: fire, theft, vandalism, hail, and wind damage. Falling objects and hitting a live animal also fall under comprehensive. If you are financing your vehicle, you will be required to carry both comprehensive and collision coverages to satisfy lender requirements. The state does not require comprehensive or collision coverage. (MORE)
Collision coverage covers a loss due to a collision, i.e. damage to your vehicle caused when your vehicle hit an object, or an object hit your vehicle. Defects and. mechanical problems are not covered.
Collision is meant to cover your car when it collides with something else. Comprehensive is also sometimes called other than collision, so it usually covers the other things that can happen such as fire or theft.
No, comprehensive insurance only covers damage to your car.Homeowners or renters insurance usually pays for personal effectslost as a result of a vehicle accident.
Not unless the transmission was damaged in an auto accident. Auto Insurance does not cover maintenance nor does it cover normal wear and tear.
Yes. Most insurance companies do have a deductible for this kind of insurance. Most deductibles are 500. This can be a normal charge for a deductible.
\ncurrently going thru this. State Farm says they will cover, but don't do anything to vehicle until they have an adjuster/claim rep assess damage
Apparently some do. I just had the same problem and Progressive covers it under my comprehensive insurance. The deductible applies. It was categorized as not at fault so no effect on premium.
Yes, In the United States, It's called a Personal Non-owners Insurance Policy, sometimes referred to as a "Drivers Policy" or an "Operators policy". Non Owners insurance however is intended for "unplanned, unexpected" usage. It is limited secondary coverage (liability only) that only invokes once th…e vehicle owners policy limits are exhausted. A personal Non owners Auto insurance policy generally does not provide coverage for a rental vehicle since a rental vehicle typically includes a reservation and several actions in a course of a "plan" to rent the vehicle. It does not provide coverage for a commercial vehicle of any type since it is a personal lines policy, (Personal lines auto polices do not cover commercial vehicles) nor for any vehicle that you drive on a regular (expected) basis or that you have regular (expected) access to. If you are considering a Non Owners Auto Insurance policy, be sure to discuss the coverage offered with a qualified insurance agent. Your agent can explain the limitations of coverages afforded and help you determine if it's right for you. The rules of Policy construct may vary in other countries. Answer YES, I can verify this, it's a national policy and will be good for any vehicle you drive anywhere. But you do not need it. If you do NOT OWN A Vehicle of your own, registered in YOUR NAME, At your address, (They do not check) you will automatically are covered under that vehicle owners policy no matter what happens." (MORE)
This is just my opinion but if the car is over 7 years old, or has a K.B.B value of less than 10,000 USD. Unless of course its some sort of rare or luxury automobile then I can't judge when to get rid of it. It also depends on how "accident prone" you are. If you tend to get into accidents alo…t (where you are at fault) then collision insurance might be a good thing to happen, but if you tend to only get into accidents that are other peoples' fault then.... (MORE)
Yes, however I have seen a few cases where you may run into trouble. For example in an odd set of circumstances where a child lived with Grandma and because she was not the legal guardian they would not allow it as a permitted driver... this is rare and we were obviously able to find her another com…pany but it can happen.... long story short, you should have no problem. (MORE)
water damage is only covered through full coverage if you have it and just so happens to run in a pond or something.
I don't think you can legally. If your car is still being paid for the lien holder requires the collision insurance.
Doubtful.. Comprehensive Collision auto insurance is based on vehicle value which can be greatly affected by having a salvage title. The amount that the vehicle value can vary by having such title issues varies by vehicle. If you could find an insurance company to write such a policy it would most l…ikely be a high risk carrier. This would be due to the greater potential of the vehicle becoming totaled out at value which is now considered lower than book value due to the title status. Some carriers will write policies for specialty vehicles and classic cars which insure the vehicle for a specific value. These policies are typically higher rated due to higher cost of repair, ability to obtain parts, and other various exposures that can exist. These types of policies also typically require a vehicle appraisal performed by a reputable company. I am unsure as to whether or not a salvage title would disqualify you from such a policy but you may want to look into it. Liability insurance is a different story. Some insurance carriers may require a vehicle inspection to ensure that the vehicle has been properly repaired. This would be to ensure that the vehicle is safe to operate. Think of it this way.. Insurance is like gambling. They are trying to bring in more money in premium than they pay out in losses. The likely hood of a policy costing more in premium due to issues such as salvage title, antique car, specialty car, whatever the case may be; If it puts any additional risk or potential for loss it will be reflected in your insurance premium. Again, that's only if you can find a carrier to underwrite such a policy. Good luck! (MORE)
Collision insurance pays for damage that happens to your vehicle in an accident if it is your fault. It does not pay for the other vehicle or property involved in an accident. It is not required by law but it is highly recommend especially if you financed the vehicle and are still paying off the …loan. (MORE)
You are able to chose your own deductible, but you have the car financed or leased, they may dictate the maximum limit.
Auto insurance companies hire insurance underwriters, who can also be referred to as writers, to underwrite the risk a driver poses to the company. Underwriters determine how much a policyholder will pay for their insurance rates based on how much risk they carry. If a driver has tickets and acciden…ts, an underwrite will rate them accordingly. Underwriters are very important in insurance because they make sure that policyholders pay the correct rates to prevent the insurance company from going bankrupt. (MORE)
Auto insurance consists of both liability insurance and physical damage coverage. Collision coverage is part of the physical damage section of an insurance policy and is designed to either repair or replace your vehicle if you are involved in an accident up to the fair market value of the vehicle. C…ollision will pay for both damages caused in an at-fault accident and damages caused in a not at-fault accident if the other party did not have insurance. If the other party did have insurance and they were responsible for the damages, the other party's liability insurance would pay for your vehicle damages through Property Damage coverage. You are responsible to pay for your collision deductible for at-fault accidents before a claims payout will be made. (MORE)
Does my USAA auto deductible collision and or comprehensive policy cover damages from someones pushing my car with her car with my permission?
Idiot! Why do you think I asked the question? Do you think I would have spent the last three hours attempting to have you & your totally incompetent staff provide an answer locally or beyond for me, had I had known the answer? Refer yourself(ves) to the nearest mental institution or brain transplant… hospital! BUT 1ST ANSWER THE QUESTION! or refer it outside for an answer. (MORE)
This really depends. For example- John has a 1992 Toyota Corolla. The car is worth about 2000 dollars. He has no lien or lease on it. He doesn't need comp or collision. Mary has a 2009 Toyota 4runner, its brand new, low miles and has a lien on it. Since she has a lien on it, she is required to ha…ve comp and coll. Also considering the car is worth 20,000k she would be crazy not have it. At certain points you will find that their will be an in-between type of time where the car is paid off, but it also worth some money still. At this point you will have to way your options. Does having comp or coll add up over time to be the best way to go? Or should I take my chances and do away with it to save money? At this time, this is up to you to make the call. (MORE)
If someone throws a rock at and damages your car is this covered by comprehensive or collision insurance?
Neither. A rock hitting you're car is a minor damage and isn't handled by insurance companies. If a grown person does it you could file vandalism and demand the money for repairs. If it is a minor, 4-12, the damage stays and you really can't do much about it.
Covers medical expensives for you and passengers, will cover damages if other driver who is at fault doesnt have insurance.
The term, "comprehensive coverage" is usually used in the context of auto insurance. It is usually sold along with collision coverage. While collision coverage pays for the repair of collision-related damage or for the total loss of the vehicle if appropriate, comprehensive coverage is a little diff…erent. It it triggered by occurrences other than collisions, such an vandalism. The precise scope of risks for which comprehensive pays is outlined in the policy. "Third party insurance" is another way of referring to liability coverage. It serves two main purposes: 1. It provides the insured(s) with a defense in claims brought by third parties against the insured(s) resulting from risks contemplated by the policy. Stated otherwise, if a lawsuit is filed, the liability insurer will hire and pay a lawyer, and will pay related court costs, to defend the insured(s). If a claim is asserted, but no lawsuit is filed against the insured, the insurer will try to settle the claim with the other party if the insurer believes that there is fault on the part of the insured and if the claimant sustained compensable damages. 2. It ensures that a party who has sustained legally recognized damages (for example, bodily injuries or property damage) for which the insured is legally responsible, has a source of recovery for those damages. The amount of recovery from the insurer is capped by the amount of liability insurance maintained by the insured. (MORE)
I have never heard of it and I have been an agent for 26 years. I don't believe it is a true insurance term.
Yes. Sounds like you haven't had insurance for a while. You'll probably need non-standard auto.
If you have an auto insurance policy, and you want to either switch companies or cancel your coverage because your vehicle is no longer in commission, you have the right to do so. While the process of cancelling a policy will vary amongst insurers, most insurers will request a letter of cancellation… in writing with your policy number, requested date of cancellation, and your signature to cancel your policy. If your vehicle is non-operable, some states will require proof of the date you reported the vehicle as a non-op to the DMV. If you are switching companies, you may be requested to provide a copy of the declarations page from the new insurer showing the effective date of the policy to backdate the cancellation. While some companies do not charge a fee for cancellation, others will short rate your premium and charge a percentage of the unearned premium if you cancel your contract before renewal. (MORE)
Yes, as a rule and possibly in all known policies. If you have any doubts read your policy or call your agent.
Not as such. What you owe on your vehicle has nothing to do with the auto insurer's liability, except to the extent that the lienholder is usually named on the policy as a loss payee. If your vehicle is deemed a total loss in a covered incident under comprehensive such as a fire, theft, etc. then… the insurance company will pay per the terms of the policy. As stated in the policy, the insurance company has the option to repair, replace, or pay the actual cash value of your vehicle. Actual cash value will be paid if the reasonable cost of repair exceeds a stated percentage of the actual cash value of the vehicle. That percentage is usually set by state law. Actual cash value roughly equates with market value of a similar vehicle in similar condition and similarly equipped. If the vehicle is declared a total loss, the insurer will pay the lienholder first and if the car is worth more than the loan balance the remainder will be paid to the insured. If the loan balance is more than the value of the vehicle, and thus, what the insured pays, the insured is responsible for the balance. then you have a problem. The company will pay the entire amount to the loan company but then you will still owe the balance to the loan company or bank. One of the ways to protect yourself from being responsible for the difference between what the insurer pays and the balance on the loan, is through GAP insurance. It is a separate policy, for a separate premium. It pays the difference between the insurance settlement and the amount remaining on the loan. It is usually offered when the car is purchased and financed, but can generally also be obtained after the fact from a property and casualty insurance agent. (MORE)
We used to call this "full coverage" but insurance companies do not use the term "full coverage" anymore because there are always cases where there is no coverage. Such as damage done intentionally by the insured, and certain other rare occasions. I'm sure some lawyer sued when someone burnt their o…wn car up because the agent said he had full coverage. (MORE)
If you don't opt for this cover, then when a calamity does strike,you will end up paying from your pocket. for More
Liability insurance only covers someone else in the case that you are responsible for damages caused in a collision. Comprehensive coverage will cover a driver that you hit, as well as cover yourself for any damages inflicted during a collision.
It is other than collision insurance. It covers hail, stolen vehicle, hitting an animal, and vandalism.
What is the difference between full coverage auto insurance and comprehensive and collision insurance?
This is a good question. Full coverage was a term that used to be used in insurance to describe a policy that had liability, comprehensive, collision and any other endorsements that the client wanted such as rental coverage and whatever else. Due to it being the day of suing over everything we don't… use the term any more because too many attorneys have convinced people that full coverage had to mean every possible coverage that there is and then some even though the person knew what they bought. No individual responsibility for reading the policy or at least the declarations summary page, just sue. So now we don't say full coverage any more, we name each coverage separately. (MORE)
Usually there is a deductible on comprehensive coverage auto insurance. The deductible can range in different amounts usually from 0 to $1000 or even higher if it is a very expense vehicle.
Don't do it as you are likely breaking your contract and the auto will be repossesed or you will be charged for forced place coverage or both.
One can find auto insurance plans from major insurance companies such as Geico or Progressive. It is recommended to get multiple quotes before deciding.
Comprehensive auto insurance will cover a driver for car accidents and injury caused by them. It will also cover damage from weather incidents, vandalism and fire, as well as theft.
There are many different types of insurance policies to choose from, including comprehensive and liability. When choosing a policy, be sure to consider the cost and your basic needs.
One can obtain auto insurance through many insurance companies out there today. A person may wish to contact companies like Geico, State Farm, and All State to compare rates.
One can buy comprehensive auto insurance at pretty much any company that specializes in insurance policies. Some of the most popular companies include State Farm, Progressive, Allstate and Esurance.
Comprehensive auto insurance coverage covers the different types of events or accidents cause by falling objects, animals, extreme weather, theft, vandalism or riots. But it does not apply to any types of accidents with other cars.
Probably not. The main reason is that the cost to replace a key will not be enough to exceed whatever deductible you have. The main issue to consider on any claim is what caused the loss and the claim must be caused by a covered loss.