What is comp and collision?

What is comp and collision?

April 05, 2020
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What Is Collision Insurance Coverage?

If you hit another car or object, get hit by another car or object, or your car rolls over, collision coverage will help cover damage to your vehicle, up to the policy limit.

The maximum collision coverage payout is the actual cash value of your vehicle, minus the deductible amount you choose. Be sure to choose a deductible with an out-of-pocket expense you can afford.

You must have comprehensive coverage to purchase this protection. Collision coverage limits and deductibles may vary by state, and is generally required if you have a loan or lease on your vehicle. Otherwise, coverage and limits are optional.

What Is Comprehensive Coverage?

If your car is stolen or damaged by something other than a collision, comprehensive coverage can help pay for covered losses, such as:

  • Theft
  • Fire
  • Vandalism
  • Severe weather events (Windstorm, Hail, Flood)
  • Animal impact

The maximum comprehensive coverage payout is the actual cash value of your vehicle minus the deductible amount you choose.

Comprehensive coverage limits and deductibles may vary by state, and is generally required if you have a loan or lease on your vehicle. Otherwise, coverage and limits are optional.

More questions? Contact our insurance experts today. We want to earn your business.